The Senate Banking Committee this week is expected to vote on the nomination of Richard Corday to be the first director of the Consumer Financial Protection Bureau.
The committee is planning to hold the vote on Oct. 6, although that plan has not been finalized, according to a Democratic Senate aide.
Cordray appeared before the committee on Sept. 6 for his confirmation hearing, during which Republicans reiterated their pledge to block his confirmation until the bureau is restructured. The GOP wants to replace the single director with a five-member commission, subject the bureau to the appropriations process, and make it easier for a council of regulators to override the bureau's decisions.
Although the Democratic-controlled committee is expected to approve the nomination, it appears unlikely that the Senate will act on it any time soon.
The former Ohio attorney general, who was nominated July 18, continues to work as the bureau's enforcement chief. Raj Date, who replaced Elizabeth Warren as the special advisor to the Treasury secretary, is in charge of the bureau's day-to-day operations.
