Clarke Dryden Camper is Senior Vice President, Head of Government Affairs and Public Advocacy at NYSE Euronext, a...
Last month I wrote about the possibility that the White House might sidestep Senate confirmation and “recess-appoint” Richard Cordray as the first director of the new federal Consumer Financial Protection Bureau (CFPB) – despite the fact that Republicans were keeping Congress from recessing to prevent such an appointment. Well, it seems the White House has decided to do just that.
Many Democrats see the appointment of Cordray as a three-fer:
Republicans have threatened to challenge Cordray’s appointment in court, but the Washington Post notes that Democrats tried this route unsuccessfully when President George W. Bush pushed through a recess appointment to a federal appeals court back in 2004.