Senate Votes to Move Forward on Cordray’s CFPB Nomination

Richard Cordray is another step closer to officially keeping his director of the Consumer Financial Protection Bureau title. 

The Senate today voted 71-29 to invoke cloture, which limits debate time to no more than eight hours and effectively clears the path for a final vote about Cordray’s nomination to the post he’s held since 2011. The finalization of his nomination should come fairly soon.

“After more than 700 days of waiting, Rich Cordray will finally get the confirmation vote he deserves from the U.S. Senate,” Sen. Elizabeth Warren (D-Mass.), who helped launch the agency, said in a published report. “With Director Cordray’s confirmation, we will be able to say loudly, clearly, and with confidence: The consumer agency is the law of the land and is here to stay.”

Richard Cordray is another step closer to officially keeping his director of the Consumer Financial Protection Bureau title. 

The Senate today voted 71-29 to invoke cloture, which limits debate time to no more than eight hours and effectively clears the path for a final vote about Cordray’s nomination to the post he’s held since 2011. The finalization of his nomination should come fairly soon.

“After more than 700 days of waiting, Rich Cordray will finally get the confirmation vote he deserves from the U.S. Senate,” Sen. Elizabeth Warren (D-Mass.), who helped launch the agency, said in a published report. “With Director Cordray’s confirmation, we will be able to say loudly, clearly, and with confidence: The consumer agency is the law of the land and is here to stay.”