News Alert: Senate Republicans block Obama's nominee to head consumer watchdog agency

	Thursday, December 8, 2011 11:20:07 AM NEWS ALERT Senate Republicans block Obama's nominee to head consumer watchdog agency In a long-awaited vote Thursday morning, Senate Republicans blocked the confirmation of President Obama's nominee to lead his signature consumer watchdog agency, a move that prevents it from exercising many of its broad new powers. Republicans relied on a procedural vote to keep the Senate from even considering former Ohio attorney general Richard Cordray for the top job at the Consumer Financial Protection Bureau. Though GOP lawmakers have praised Cordray's qualifications for the job -- he currently serves as the CFPB's director of enforcement -- they have pledged to prevent any candidate from being confirmed unless significant structural change are made to the bureau. Read more at: http://www.washingtonpost.com/blogs/2chambers/post/senate-republicans-block-cordray-as-obama-consumer-watchdog-nominee/2011/12/08/gIQA6j9BfO_blog.html Or visit washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy