Tumblr Icon RSS Icon

McConnell Confirms Senate GOP Will Block Any Consumer Protection Bureau Nominee

By Pat Garofalo  

"McConnell Confirms Senate GOP Will Block Any Consumer Protection Bureau Nominee"


google plus icon

A spokesman for Senate Minority Leader Mitch McConnell (R-KY) confirmed yesterday that Republicans intend to block anyone President Obama names to head the new Consumer Financial Protection Bureau. “It’s any nominee,” said McConnell spokesman Donald Stewart. Republicans want substantial changes to the bureau’s structure that would render it ineffective. If the bureau does not have a director by July 21, it “will have limited ability to write new rules or supervise certain financial firms that are not banks, such as payday lenders.”

‹ CFTC Chairman: 90 Percent Of Bets On Rising Oil Prices Come From Speculators

Republican-Led TX House Smacks Down Gov. Rick Perry, Forces Through Legislation To End Internet Sales Tax Dodging ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.