Obama Administration struggles to link OWS to Cordray nomination

Richard CordrayThe White House is attempting to find ways to tie the Occupy Wall Street movement to the need to confirm Richard Cordray to direct the Consumer Financial Protection Bureau.

During a conference call on Thursday, top members on the Obama Administration’s communications and economic team discussed the overlap between politics and the protests, according to

"The sentiments that lots of people who are out there as part of 'Occupy Wall Street' have – not just on Wall Street but on Main Streets across the country – those sentiments are shared by lots of Americans," Holly Petraeus, the CFPB's head of Servicemember Affairs, said, reports. "Having Richard Cordray in place obviously would help them."

Petraeus recently testified during a Congressional hearing, saying that Senate Republicans’ refusal to confirm Cordray, on top of restricting the bureau’s funding was delaying its ability to help family members of veterans who are being targeted to predatory payday lenders and debt collectors.

Administration officials told listeners on the call that they were not considering a recess appointment. Such a move would allow the president to place Cordray in power for only a limited time.

"We have an opportunity to confirm Richard Cordray as the head of the Consumer Financial Protection Bureau in the United States Senate and if Republicans would take away their block on him,” one official said, according to “Unless Republicans break that block we are not going to be able to move forward on a vote."

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