The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on Aug 4 to expedite the process of naming a chief for the Consumer Financial Protection Bureau, it said in a statement. Richard Cordray, currently assistant director for enforcement at CFPB, received the nomination from President Obama to head the bureau last month.
“With next week’s hearing, I will begin the process of moving Mr. Cordray’s nomination forward to confirmation,” said Tim Johnson, banking committee chairman in a written statement.
