GOP Reg Reform Supporters: Senate Should Confirm CFPB Director
Sens. Scott Brown (R-Mass.), Olympia Snowe (R-Maine) and Susan Collins (R-Maine) last week urged President Obama not to bypass the Senate confirmation process and make a recess appointment for the director of the Consumer Financial Protection Bureau. The three lawmakers were the only Senate Republicans who voted for the Dodd-Frank Act's final passage.

There has been speculation that the president could use a recess appointment to install the CFPB director because Elizabeth Warren, chair of the TARP Congressional Oversight Panel and a leading candidate for the position, could have difficulty being confirmed by the Senate.

"While we may have different views of the need for this new agency, as supporters of the legislation that included it, we firmly believe the United States Senate’s responsibilities in confirming the head of the CFPB are paramount," the senators said in a letter,

“[We] trust that you will agree that the role of the CFPB is far too critical to be handled without the advice and consent of the Senate and the full public airing of relevant issues that that entails," they said.

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