According to Isaac Boltansky of Compass Point, “the rubber will hit the road” tomorrow morning on whether Senator Harry Reid will “go nuclear” and seek to change Senate filibuster rules to only require 51 rather than 60 votes for Richard Cordray’s nomination as CFPB Director to proceed to a full Senate vote.… Continue Reading
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Reid moves to end debate on Cordray nomination
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
Politico has reported that Democratic Senator Harry Reid has officially moved for cloture on Richard Cordray’s nomination as CFPB Director as well as on several other nominations made by President Obama. Under current Senate rules, 60 votes are needed to end debate and send the nominations to a vote by the full Senate. … Continue Reading
No Senate vote on Cordray nomination until after Memorial Day recess
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
Despite expectations fueled by statements from Senate Majority Leader Harry Reid’s office that he planned to hold a procedural vote on Richard Cordray’s nomination this week, it now appears the Senate will not vote on the nomination before the Memorial Day recess. According to a report in Politico, Senator Reid would not specify when the vote would occur when he spoke to a group of reporters yesterday. … Continue Reading
Senate appears to be nearing vote on Cordray renomination
By Barbara S. Mishkin on
Posted in CFPB People, Regulatory and Enforcement
Bloomberg has reported that, according to a spokesman for Senate Majority Leader Harry Reid, the Senate will vote next week on whether to advance President Obama’s renomination of Richard Cordray to serve as CFPB Director.
As reported by Politico, Senator Reid is expected to file a motion to cut off debate on
Mr.… Continue Reading