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Senate confirms Cordray

The Senate has confirmed Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB). In a late afternoon vote, Cordray was confirmed 66 to 34 in a vote that had been blocked for two years by Republicans. Earlier in the day, the Senate voted 71 to 29 to proceed with a vote on the nomination. Republicans relented so other confirmation hearings could be voted on.

Cordray has been serving as director since January 2012 when he was placed in the job through a recess appointment. Over the past 18 months, the LSCU & Affiliates has put credit unions in front of the CFPB in Birmingham, Miami and Washington, D.C.