WASHINGTON -- Senate Majority Leader Harry Reid and Banking Committee Chairman Tim Johnson joined 52 other Democrats in the Senate informing President Obama today that a majority of the body supports his nomination of Richard Cordray to a full five-year term as director of the Consumer Financial Protection Bureau and opposes the structural changes to the agency demanded by Senate Republicans.

The Democrats made their intentions known in a letter to the President, even as 43 Republican senators—enough to filibuster a Senate vote—continue to oppose the CFPB nomination until their demands to change the structure of the agency are met.

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