WASHINGTON — With the administration choosing someone to lead the Consumer Financial Protection Bureau who may draw more GOP opposition than Elizabeth Warren, some insiders speculated the White House may be open to compromise over the bureau's structure to win confirmation for Richard Cordray.

"It's hard to see how he can get confirmed unless the president is willing to cut a deal with Senate Republicans," said Jaret Seiberg, financial services policy analyst at MF Global's Washington Research Group. "That's why you could definitely say that this nomination opens the door to a regulatory relief bill in this Congress."

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access