WASHINGTON – Sen. Elizabeth Warren, widely credited with creating the idea of the Consumer Financial Protection Bureau, ripped her new Republican colleagues in the Senate during CUNA’s Government Affairs Conference this morning for their continued efforts to block a vote on the new agency’s director until they get a deal to change the structure of the fledgling consumer agency.

“Three years ago they fought for a weaker agency, and they lost that vote. Today, they know they still don’t have the votes to weaken the agency – and so they are determined to hold Rich Cordray hostage,” said Warren of the 2010 vote to create the CFPB as part of the Dodd-Frank Act and the President’s nomination to appoint Cordray to a full five-year term.

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