WASHINGTON – Several senators are working behind the scenes to hammer out a compromise on the nomination to head the Consumer Financial Protection Bureau, as a determined block of Republican senators continues to stymie the nomination.

Two Republican senators—the only two Republicans not to sign a letter to President Obama opposing the nomination—are negotiating with Democrat counterparts on the Senate Banking Committee to forge a comprise on the nomination, which would confirm temporary Director Richard Cordray to a full five-year term ahead of the fledgling consumer agency.

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