Federal, News, Regulation

Senate Banking Democrats urge Mitch McConnell to allow vote on CFPB Director Cordray’s nomination

Richard Cordray

Richard Cordray

Members of the Senate Banking Committee urged Senate Republican leader Mitch McConnell on Thursday to pressure Republicans to end their filibuster of Richard Cordray’s nomination as CFPB director and to allow a vote on his confirmation.

The letter came just after Senate Majority Leader Harry Reid filed cloture on Cordray’s nomination, which Republicans have vowed to block since 2011.

“While we may continue debating how best to protect consumers, it is well past time the Senate honors its constitutional responsibilities and proceeds to an up-or-down vote on the nominee’s merits,” the 12 members of the committee said in the letter to McConnell. “Richard Cordray was first nominated nearly two years ago. Our Committee has acted twice in favorably reporting Mr. Cordray’s nomination for the full Senate’s consideration. The time has come for the Senate to act. We ask that you and the members of your caucus change course, end the filibuster of Mr. Cordray’s nomination, and allow Richard Cordray’s nomination to be ratified or rejected by an up-or-down vote.”

Reid said he would not back down from a Senate rule change that would make it difficult for lawmakers to agree on raising the debt ceiling and enacting an immigration deal, if Republicans continued their filibuster of Cordray’s nomination, Bloomberg reports.

Additionally, Reid said he will begin with a procedural vote on Cordray’s nomination on Tuesday.

“My caucus is supportive of me because that’s where they want to go, to change this rule,” Reid said, according to Bloomberg.

Reid said he has the support of at least 51 Democrats to change the Senate rules to keep the minority party from blocking votes on executive-branch nominees through a filibuster.

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