The White House confirmed Wednesday morning that President Obama will announce a recess appointment for Richard Cordray to run the Consumer Financial Protection Bureau at a speech in Ohio later today. Cordray was a well-liked Ohio Attorney General until last year, after he was toppled by the GOP midterm wave in 2010.
Cordray’s an accidental victim of a brazen act of GOP obstruction. They’re refusing to allow an up-or-down vote on any CFPB nominee until the agency itself is fundamentally weakened — an extra-legal attempt to nullify a key portion of an act of law.
Obama actually missed his best opportunity to recess appoint his top consumer watchdog on Tuesday. But there are reasons Obama opted to take a more confrontational approach.
via Why Obama’s Defying The GOP And Appointing Top Consumer Watchdog | TPMDC.