Former CFPB Director Richard Cordray a potential candidate for Fed vice chair of supervision

Former CFPB Director Richard Cordray a potential candidate for Fed vice chair of supervision

from capitol hill with somebreaking news senator sherry brown hasjust confirmed to me that he is talkingto the white house about potentiallynominating richard cordray as the fed’svice chair for supervision now senator

brown is of course the chairman of thesenate banking committee responsible forshepherding that nomination to the senate floor he said that he knowscordray from cordray’s days as directorof the cfpb but that he is also talking to the white house about several othernames as well for the fed’s three openseats of course both men are from ohioso it is likely that cordray wouldreceive the support of senator brown but

again scott senator brown confirming that richard cordray is in the mix as the potential nominee for the fed’s vicechair of supervision back over to you alan appreciate that update thank you very much we’ll step away we’ll comeback with final trades

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