Richard Cordray Nearing Senate Floor Debate

Picked to head the Securities and Exchange Commission, Mary Jo White’s confirmation is all but assured as she breezed through the Senate Banking Committee 21-1 this morning. As originationnews tells MHProNews, only Sen. Sherrod Brown voted against her because he doe not think a Wall Street lawyer  should be policing Wall Street. Meanwhile, the panel voted along party lines 12-10 to send Richard Cordray’s nomination to the Senate floor to lead the Consumer Financial Protection Bureau (CFPB). Republicans have vowed to block the nomination until structural changes are made to the agency.

(Photo credit: Carolyn Kaster/AP–l-r, Richard Cordray, President Obama, Mary Jo White)

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