Critics continue to challenge CFPB director appointment

As critics continue to question the recess appointment of Consumer Financial Protection Bureau director Richard Cordray, a group of Senators has filed a brief that will help challenge the appointment in court.

As critics continue to question the recess appointment of Consumer Financial Protection Bureau director Richard Cordray, a group of Senators has filed a brief that will help challenge the appointment in court.

Prior to his appointment, all attempts to get Cordray into the director position were blocked by lawmakers who felt the CFPB should undergo organizational and financial restructuring. However, at the beginning of January, when the Senate took its winter recess, President Barack Obama exercised his constitutional power by appointing Cordray directly into the position.   

"I am very concerned that, in making these recess appointments, the president has chosen to ignore the constitution and disregard longstanding rules and precedents," said Senator Saxby Chambliss.

Additionally, critics argue that the Senate had been holding pro forma sessions and that the president's direct appointment could be illegal.

However, in the wake of the appointment, the Department of Justice commented that it appeared that president had performed well within his constitutional rights.

Meanwhile, Senator Jack Reed remarked that the Cordray is highly qualified to assume the position, and all the opposition is interested in is trying to quietly dismantle the consumer watchdog before it can contribute lending regulation.



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