Mortgage Daily

Published On: July 16, 2013

Following a controversial recess appointment by President Obama, the director of the Consumer Financial Protection Bureau has been confirmed by the Senate.

Former Ohio attorney general Richard Cordray was appointed CFPB director by Obama in January 2012 while the Senate was in recess.

But a ruling this past January by the U.S. Court of Appeals for the District of Columbia in a separate case that other recess appointments were not constitutional threw Cordray’s standing into question.

The ruling was expected to be binding on a separate lawsuit pending in U.S. District Court for the District of Columbia that directly challenged the CFPB director appointment.

But the cloud of controversy has been lifted.

On Tuesday, the Senate confirmed Cordray as CFPB director by a vote of 66 to 34.

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