Cordray’s Appointment Challenged in Court

HousingWire tells that 39 Republican senators filed an amicus brief with the court challenging Pres. Obama’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB). Republicans believed Cordray was qualified for the job, but they wanted a five-member panel to run the agency, veto power, and congressional control of the budget. Recess appointments have been made in the past, but the legality of it has never been questioned. Sen. Saxby Chambliss, R-Ga. said, “I am very concerned that, in making these recess appointments, the president has chosen to ignore the constitution and disregard longstanding rules and precedents.” Sen. Jack Reed, D-R.I. said the appointment was justified because Congress had already approved the CFPB as part of the Dodd-Frank Act.

(Graphic credit: HousingWire)

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