News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Wayside Furniture

The Holden Arboretum

Hospice of the Western Reserve


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Government and Politics




Obama sidesteps Senate, names Ohio's Cordray new consumer protection head
The announcement is expected in Shaker Heights this afternoon; Republicans are challenging Mr. Obama's contention that it is in recess
by WKSU's M.L. SCHULTZE
This story is part of a special series.


Web Editor
M.L. Schultze
 
In The Region:

President Obama is appointing former Ohio Attorney General Richard Cordray as the head of the Consumer Financial Protection Bureau – over the objection of Republicans in Congress.

The president is announcing the recess appointment this afternoon while he’s in Shaker Heights. Senate Republicans had blocked the appointment, not because they objected to Cordray, but because they objected to the overall power of the agency.

Northeast Ohio Congressman Jim Renacci says Republicans in the House, too, are working on revising the agency.

“We don’t’ believe one person should harness that much power but we do believe that the agency set up with the right board above it would be workable and we’re still working toward that.”

But even naming Cordray as a recess appointment has raised Republican objections.

Such appointments can only happen when the Senate is in recess. The president maintains that the sporadic Senate sessions over the holidays are a ruse, just to block Cordray and other appointments.

Ohio Senator Rob Portman was among those blocking Cordray. But Ohio’s other senator, Sherrod Brown, is praising Mr. Obama’s move.

In a statement he accused Republicans of siding with Wall Street  to block needed consumer protections. Until a director is in place, the new bureau cannot extend consumer protections to payday lenders, debt collectors and other financial companies.

U.S. Rep. Renacci wants to reshape the new agency

Other options:
Windows Media / MP3 Download (0:13)


Mr. Obama announcing Cordray recess appointment

Other options:
Windows Media / MP3 Download (0:08)


“We don’t believe one person should harness that much power, but we do believe that the agency set up with the right board above it would be workable and we’re still working toward that.”

But even naming Cordray as a recess appointment has raised Republican objections.

Such appointments can only happen when the Senate is in recess. The president maintains that the sporadic Senate sessions over the holidays are a ruse, just to block Cordray and other appointments.

Ohio Senator Rob Portman was among those blocking Cordray. But Ohio’s other senator, Sherrod Brown, is praising Mr. Obama’s move.

In a statement he accused Republicans of siding with Wall Street  to block needed consumer protections. Until a director is in place, the new bureau cannot extend consumer protections to payday lenders, debt collectors and other financial companies.


Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook





Stories with Recent Comments

Ohio's Supreme Court narrowly upholds Ashford Thompson's death sentence
"Justices" William O’Neill, Paul Pfeifer and Judith Lanzinger should all be immediately removed from the court. If they could actually believe that this murde...

Ohio's Sen. Brown is pushing for more assistance for homeless vets
That would be a great program to have for the homeless vets. Many of them are still suffering from PTSD even from the Vietnam war.

Lordstown GM plant plans to install 8,500 solar panels
How much will this solar array cost? How is it being funded, and who is really paying for it? How much real useful electricity will it actually produce in MEh p...

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University