Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 10, 2015

How Cordray Snagged 17 Republicans (Updated)

Updated 4:44 p.m. | A side deal that Sen. Rob Portman brokered with Richard Cordray helped pave the way for the Senate’s overwhelming vote Tuesday morning to advance the Consumer Financial Protection Bureau head’s nomination.

In the end, the Ohio Republican’s efforts, along with the help of Sens. Bob Corker of Tennessee and John McCain of Arizona, helped Cordray get a whopping 17 Republicans to support moving forward with his nomination for a full appointment atop the CFPB.

In a conference call with Ohio reporters, Portman — who has been working for months to defuse the GOP-led filibuster threat on Cordray — said the vote to limit debate was “a bigger vote than I expected, frankly, because we were able to get certain assurances from Rich Cordray regarding some accountability measures we talked about.”

Portman said Cordray has agreed to testify before the Senate Appropriations Committee, even though the committee does not have jurisdiction over the CFPB because it is funded directly from the Federal Reserve. Portman also said Cordray pledged to implement cost-benefit analysis of CFPB regulations.

A CFPB spokeswoman would not confirm that Cordray had agreed to use specific cost-benefit tool, but she said the agency head has offered to provide staff briefings to the Appropriations panel.

“Director Cordray and the staff of the CFPB are always happy to brief members of Congress about the work of the agency,” the spokeswoman said. “He told several members that the CFPB is willing to provide an informal briefing on our budget, as we have done many times in the past.”

Corker said the effort to get GOP votes for Cordray started with about three senators before getting the much larger number. He said several other Republicans might have voted in favor of the motion to end the filibuster if it had been necessary.

Sen. Lindsey Graham said that while he supports more changes to the CFPB, the Dodd-Frank banking law that created the agency is the law of the land.

“The law is the law, and you know, if you don’t like the law, repeal it,” the South Carolina Republican said. “You know, that’s my view. I just think using an appointment to change a law is not the right use of an appointment.”

That statement was a turnabout for Graham, who joined dozens of other GOP senators in vowing previously to block any nominee to the CFPB until the law was changed to their satisfaction.

In addition to Portman, McCain, Corker and Graham, the other Republicans who voted with Senate Democrats to advance Cordray’s nomination were: Kelly Ayotte of New Hampshire, Dan Coats of Indiana, Roy Blunt of Missouri, Saxby Chambliss of Georgia, Susan Collins of Maine, Jeff Flake of Arizona, Orrin G. Hatch of Utah, John Hoeven of North Dakota, Johnny Isakson of Georgia, Mike Johanns of Nebraska, Mark S. Kirk of Illinois, Lisa Murkowski of Alaska, and Roger Wicker of Mississippi.

Comments (55)

Leave a Comment

Your email address will not be published.

author email

  1. Fred Donaldson

    July 17, 2013
    10:35 a.m.

    Cost benefit? If it costs a bank $100 we won’t do it, unless it save consumers more than $100 million. This will be fun to watch as it unfolds – like observing sheep herded into a pen.

  2. Stagester

    July 17, 2013
    4:01 p.m.

    Why don’t the Repubs that voted for this just save us all the angst and switch parties?

  3. Anonymous

    July 12, 2015
    4:19 p.m.

    My partner and I absolutely love your blog and find the majority of your post’s to be exactly what I’m looking for. Do you offer guest writers to write content for you? I wouldn’t mind creating a post or elaborating on many of the subjects you write related to here. Again, awesome blog!

  4. Anonymous

    July 13, 2015
    2:45 p.m.

    I like what you guys are up also. Such smart work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my web site :).

  5. Anonymous

    July 13, 2015
    8:19 p.m.

    Perfect piece of work you have done, this site is really cool with superb info .

  6. Anonymous

    July 14, 2015
    12:42 a.m.

    What i do not understood is in reality how you are not really much more neatly-liked than you may be now. You are very intelligent. You understand thus considerably in terms of this subject, made me individually imagine it from a lot of various angles. Its like men and women aren’t involved until it?¦s one thing to do with Girl gaga! Your individual stuffs great. All the time handle it up!

  7. Anonymous

    July 17, 2015
    7:58 a.m.

    Hello there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept chatting about this. I will forward this page to him. Pretty sure he will have a good read. Thank you for sharing!

  8. Anonymous

    July 20, 2015
    3:29 p.m.

    I want foregathering useful information , this post has got me even more info! .

  9. Anonymous

    July 20, 2015
    8:37 p.m.

    I?¦m no longer certain where you’re getting your info, however great topic. I needs to spend some time learning more or understanding more. Thanks for great information I used to be on the lookout for this information for my mission.

  10. Anonymous

    July 21, 2015
    7:57 a.m.

    Hello there I am so excited I found your blog page, I really found you by error, while I was researching on Aol for something else, Anyways I am here now and would just like to say kudos for a incredible post and a all round enjoyable blog (I also love the theme/design), I don’t have time to read through it all at the moment but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read much more, Please do keep up the excellent job.

  11. Anonymous

    July 24, 2015
    7:57 a.m.

    We absolutely love your blog and find the majority of your post’s to be just what I’m looking for. Would you offer guest writers to write content available for you? I wouldn’t mind publishing a post or elaborating on a lot of the subjects you write regarding here. Again, awesome weblog!

  12. Anonymous

    July 25, 2015
    8:32 a.m.

    I¦ve learn some excellent stuff here. Certainly worth bookmarking for revisiting. I surprise how so much attempt you set to create such a magnificent informative web site.

  13. Anonymous

    July 25, 2015
    10:20 a.m.

    of course like your web-site however you have to check the spelling on several of your posts. Several of them are rife with spelling problems and I to find it very troublesome to tell the reality however I will certainly come again again.

  14. Anonymous

    July 25, 2015
    7:32 p.m.

    Heya i am for the primary time here. I found this board and I to find It really helpful & it helped me out much. I hope to give one thing back and aid others such as you helped me.

  15. Anonymous

    July 28, 2015
    4:33 a.m.

    There is clearly a bunch to identify about this. I suppose you made various good points in features also.

  16. Anonymous

    July 28, 2015
    3:13 p.m.

    Would love to forever get updated great weblog! .

  17. Anonymous

    July 31, 2015
    9:06 a.m.

    Perfectly indited subject matter, Really enjoyed studying.

  18. Anonymous

    Aug. 3, 2015
    8:30 a.m.

    Excellent read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile Thus let me rephrase that: Thanks for lunch! “Do you want my one-word secret of happiness–it’s growth–mental, financial, you name it.” by Harold S. Geneen.

  19. Anonymous

    Aug. 4, 2015
    7:21 p.m.

    Yeah bookmaking this wasn’t a high risk decision outstanding post! .

  20. Anonymous

    Aug. 7, 2015
    5:28 a.m.

    Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

  21. Anonymous

    Aug. 7, 2015
    12:09 p.m.

    I’m curious to find out what blog platform you happen to be using? I’m experiencing some small security problems with my latest website and I’d like to find something more safe. Do you have any solutions?

  22. Anonymous

    Aug. 10, 2015
    2:44 a.m.

    Hi there, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it’s driving me mad so any help is very much appreciated.

  23. Anonymous

    Aug. 10, 2015
    12:38 p.m.

    Oh my goodness! an amazing article dude. Thanks However I’m experiencing issue with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anyone who knows kindly respond. Thnkx

  24. Anonymous

    Aug. 11, 2015
    11:41 a.m.

    I was just seeking this info for a while. After 6 hours of continuous Googleing, finally I got it in your site. I wonder what’s the lack of Google strategy that don’t rank this type of informative sites in top of the list. Usually the top web sites are full of garbage.

  25. Anonymous

    Aug. 12, 2015
    2:25 p.m.

    Excellent website. Lots of useful information here. I am sending it to several friends ans additionally sharing in delicious. And naturally, thank you in your effort!

  26. Anonymous

    Aug. 17, 2015
    7:26 p.m.

    Some truly nice stuff on this website , I like it.

  27. Anonymous

    Aug. 19, 2015
    6:15 a.m.

    Awsome website! I am loving it!! Will come back again. I am taking your feeds also

  28. Anonymous

    Aug. 23, 2015
    5:40 p.m.

    I like this post, enjoyed this one appreciate it for posting. “When you make a world tolerable for yourself, you make a world tolerable for others.” by Anais Nin.

  29. Anonymous

    Aug. 23, 2015
    11:43 p.m.

    It is appropriate time to make a few plans for the long run and it is time to be happy. I’ve read this post and if I could I wish to counsel you some interesting issues or suggestions. Maybe you could write next articles relating to this article. I wish to read more things about it!

  30. Anonymous

    Aug. 24, 2015
    12:31 p.m.

    I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 certain. Any recommendations or advice would be greatly appreciated. Appreciate it

  31. Anonymous

    Aug. 25, 2015
    2:28 p.m.

    I’d always want to be update on new posts on this internet site, saved to my bookmarks! .

  32. Anonymous

    Aug. 26, 2015
    4:40 a.m.

    I have been absent for a while, but now I remember why I used to love this site. Thank you, I’ll try and check back more often. How frequently you update your site?

  33. Anonymous

    Aug. 26, 2015
    9:36 a.m.

    This really answered my downside, thanks!

  34. Anonymous

    Aug. 30, 2015
    1:28 a.m.

    WONDERFUL Post.thanks for share..extra wait .. …

  35. Anonymous

    Sept. 1, 2015
    10:13 p.m.

    I really like your writing style, wonderful information, regards for putting up : D.

  36. Anonymous

    Sept. 2, 2015
    12:38 p.m.

    Oh my goodness! a tremendous article dude. Thanks However I’m experiencing difficulty with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting similar rss problem? Anybody who is aware of kindly respond. Thnkx

  37. Anonymous

    Sept. 2, 2015
    8:05 p.m.

    Hiya very cool site!! Man .. Beautiful .. Wonderful .. I will bookmark your site and take the feeds also?KI am happy to seek out numerous useful information right here in the publish, we want develop extra strategies on this regard, thank you for sharing. . . . . .

  38. Anonymous

    Sept. 7, 2015
    7:17 p.m.

    Hey this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

  39. Anonymous

    Sept. 8, 2015
    11:25 a.m.

    You could definitely see your enthusiasm in the work you write. The world hopes for even more passionate writers like you who are not afraid to say how they believe. Always go after your heart.

  40. Anonymous

    Sept. 12, 2015
    8:12 p.m.

    Some really nice stuff on this website , I like it.

  41. Anonymous

    Sept. 13, 2015
    10:24 a.m.

    Hey, you used to write wonderful, but the last few posts have been kinda boring?K I miss your great writings. Past few posts are just a little out of track! come on!

  42. federated national

    Sept. 19, 2015
    6:55 p.m.

    Whats amazing note here. It would be great to use your info for future posts or comments.

  43. State farm car insurance

    Sept. 20, 2015
    3:53 p.m.

    Whats amazing note here. It would be great to use your info for future posts or comments.

  44. Annita Reading

    Sept. 20, 2015
    5:04 p.m.

    This post is very wondrous, just what i am currently looking for to go through on my intermission. Thanks Again

  45. Anonymous

    Sept. 21, 2015
    9:08 a.m.

    Hi, i think that i saw you visited my website thus i came to “return the favor”.I am trying to find things to enhance my web site!I suppose its ok to use a few of your ideas!!

  46. amica insurance locations

    Sept. 22, 2015
    3:46 a.m.

    Try discounts up to 40% on auto or home insurance.

  47. amax insurance longview tx

    Sept. 22, 2015
    5:53 p.m.

    Combine & compare to save more on quotes. Get cheapest insurance here

  48. Anonymous

    Sept. 22, 2015
    6:42 p.m.

    Keep up the good work, I read few posts on this site and I believe that your web blog is real interesting and has got bands of good info .

  49. federated national insurance reviews

    Sept. 23, 2015
    5:33 a.m.

    Save more with us and online auto insurance comparison.

  50. Anonymous

    Sept. 23, 2015
    1:24 p.m.

    Outstanding post, you have pointed out some excellent details , I besides conceive this s a very excellent website.

  51. Anonymous

    Sept. 26, 2015
    1 p.m.

    Hello, i think that i noticed you visited my weblog so i came to “go back the favor”.I’m trying to find issues to improve my web site!I assume its ok to use a few of your ideas!!

  52. Anonymous

    Sept. 27, 2015
    12:13 a.m.

    Hello. fantastic job. I did not expect this. This is a excellent story. Thanks!

  53. www.acuity login

    Oct. 1, 2015
    5:10 p.m.

    Best quotes in the USA on auto and home insurance. Get quotes by zip code and save on policy!

  54. Anonymous

    Oct. 2, 2015
    11:57 a.m.

    *You should take part in a contest for one of the best blogs on the web. I will recommend this site!

  55. Anonymous

    Oct. 4, 2015
    3:37 a.m.

    Wohh just what I was searching for, appreciate it for putting up.

Sign In

Forgot password?



Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...