Bloomberg News

Consumer Bureau Nominee Cordray Approved by Senate Banking Panel

October 06, 2011

Oct. 6 (Bloomberg) -- The U.S. Senate Banking Committee voted 12-10 to advance Richard Cordray’s nomination to serve as the first director of the Consumer Financial Protection Bureau.

Today’s vote moves the nomination to the full Senate for consideration. The vote was along party lines, with all Republicans opposing the nominee.

To contact the reporter on this story: Carter Dougherty in Washington at

To contact the editor responsible for this story: Lawrence Roberts at

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