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Republican Senators Remain Opposed to Cordray Nomination

A group of 43 Republican senators said in a letter to President Barack Obama that they will continue to oppose confirmation of any nominee to lead the U.S. Consumer Financial Protection Bureau until “key changes are made to ensure accountability and transparency at the bureau.”

Obama last week re-nominated Richard Cordray to a full five-year term at the agency, created to protect consumers from scams and abuses in the financial services market.