WASHINGTON – New Senator Elizabeth Warren joined Democrat colleagues on the Senate Banking Committee this afternoon to urge their Republican colleagues to lift a block on the Consumer Financial Protection Bureau and allow the Senate to at least vote on the nomination of current CFPB Director Richard Cordray for a full five-year term.

All 43 Republican senators have promised to oppose the CFPB appointment until President Obama gives in to their demands to water-down control of the agency to a five-person board and to give Congress direct control over its funding. That means the Republicans have enough votes to filibuster, or block, the CFPB nomination.

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