Senate blocks Richard Cordray confirmation to head consumer watchdog agency

Editor’s Note: This post was inadvertently published early, before the vote. The vote has now occurred.

WASHINGTON POST: …Republicans relied on a procedural vote to keep the Senate from even considering former Ohio attorney general Richard Cordray for the top job at the Consumer Financial Protection Bureau.

By a vote of 53 to 45, Senate Democrats were unable to close off debate to allow the confirmation to proceed; 60 votes were needed to end a filibuster and proceed. 

Though GOP lawmakers have praised Cordray’s qualifications for the job — he currently serves as the CFPB’s director of enforcement — they have pledged to prevent any candidate from being confirmed unless significant structural change are made to the bureau…  (more)

EDITOR:  Unable to defeat the establishment of the agency earlier, the Republicans now undermine the entire legislative  process by refusing to approve a director.  This is the type of thing that leads to the deterioration of a republic, as Roman history teaches us.

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