WASHINGTON – Sparks are expected to fly Thursday when Richard Cordray, director of the Consumer Financial Protection Bureau, and several bank regulators are scheduled for a hearing before the Senate Banking Committee on the progress of the Dodd-Frank Act – just as Cordray’s future at the fledgling agency is in question.

Idaho’s Mike Crapo, who has taken over as leading Republican on the banking committee, has joined the Senate’s 42 other Republicans in a standoff over Cordray’s nomination to a full, five-year term heading the new agency. Cordray was named director by President Obama last year as a two-year recess appointment after Republicans blocked his nomination at the time over disagreements on the structure of the agency.

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