Obama Said to Name Cordray as Consumer Bureau Director Today
January 11, 2012, 8:17 AM ESTBy Hans Nichols
Jan. 4 (Bloomberg) -- President Barack Obama has decided to install Richard Cordray as head of the Consumer Financial Protection Bureau with a recess appointment today, testing the limits of his executive authority to fill the post without Senate approval, administration officials said.
With Republicans using procedural moves to block appointments while Congress is away from the Capitol, the appointment will invite a legal challenge.
--Editors: Joe Sobczyk, Steven Komarow
To contact the reporter on this story: Hans Nichols in Washington at hnichols2@bloomberg.net
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
