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."
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