September 6, 2011
Former Ohio AG Richard Corday, President Obama’s pick to lead the new Consumer Financial Protection Bureau, will testify before the Senate Banking Committee for the first time this afternoon. The hearing is scheduled to be held from 2:30 p.m. – 4:30 p.m.
Click here to watch the hearing live
The session will also discuss the nominations of Patricia Loui and Larry Walther to each be a Member of the Board of Directors of the Export-Import Bank of the United States.
Cordray, 52, currently serves as the chief enforcement officer for the CFPB. In a letter to the President earlier this year, 44 GOP lawmakers swore not to consider any CFPB nominee until changes are made to the bureau’s leadership structure and regulatory authority.
PYMNTS.com will have full analysis of the hearing in tomorrow’s daily newsletter.
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