Quantcast
Get breaking news alerts via email

Click here to manage your alerts
State of the Debate
George Pyle
George Pyle has been a newspaper writer in Kansas, Utah, Upstate New York, and now Utah again, for more than 30 years - most of it as an editorial writer and columnist. Now on his second tour of duty on The Salt Lake Tribune Editorial Board, he has also done a stretch as a talk radio host, published a book on the ongoing flaws of U.S.agricultural policy and, in 1998, was a finalist for the Pulitzer Prize for Editorial Writing. His most active bookmarks are Andrew Sullivan, Christopher Hitchens and Tina Brown. And he still thinks the Internet can be used for intelligent conversation and uplifting ideas.

» E-mail

» Subscribe (RSS)




AP Photo | Charles Dharapak Utah Attorney General Mark Shurtleff speaks to reporters in the White House Wednesday, supporting Senate confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau.
Editorials: Hatch/Lee 1, Obama/Cordray 0 ...

The pixels weren't even dry on the page before the U.S. Senate did exactly the opposite of what we urged them to do.

We're used to it.

Join the Discussion
Post a Comment

- Confirm Cordray: Let bureau protect consumers - Salt Lake Tribune Editorial

President Barack Obama knew that the recalcitrant Republicans in Congress would never affirm Elizabeth Warren as head of the new Consumer Financial Protection Bureau, even though the bureau was the result of Warren’s efforts. Warren is a fierce consumer advocate, Harvard professor and the logical person to run a board whose mission is to protect the interests of consumers.

Republicans, however, believe she would have fought too hard for ordinary Americans at the expense of huge financial corporations.

So the president nominated former Ohio Attorney General Richard Cordray to lead the agency created by the Dodd-Frank Wall Street reform law. Cordray is more acceptable to Republicans. More than half the state attorneys general support his appointment, including Utah’s Mark Shurtleff, a Republican.

But Cordray’s nomination is being blocked anyway, by Republicans, including Utah Sens. Mike Lee and Orrin Hatch, who simply don’t like the concept of a bureau with authority to oversee practices of mortgage and payday lenders, credit-reporting agencies and big banks that handle student loans. ...

- GOP blocks Obama nominee to head financial agency - AP/Salt Lake Tribune

Senate Republicans on Thursday blocked President Barack Obama's choice to head the new consumer protection agency that was designed to help curtail the excesses and abuses that led to the financial meltdown. ...

... Only one Republican voted to advance the nomination. The 53-45 vote was short of the 60 needed to overcome GOP opposition. ...

... Warren, who drew sharp opposition from Republicans who considered her too much of an activist, is running for a Senate seat against Massachusetts incumbent Scott Brown, the only Republican to support Cordray.

Others who were ignored:

- Confirm consumer protection bureau director - USA Today Editorial

- Give Richard Cordray a Senate vote on Consumer Financial Protection Bureau nomination - Cleveland Plain Dealer Editorial

- Will Senator Chuck Grassley Stand Up to Big Banks and Stand With Consumers? - Oskaloosa (Iowa) News

Answer: No.

Meanwhile:

- Poll: Elizabeth Warren soars 7 up over Scott Brown - Boston Herald

And:

- The CFBP's New Credit Card Agreement - Matthew Yglesias, Slate

The Consumer Financial Protection Bureau doesn't have a confirmed head and thus lacks most regulatory authority, but it's still doing stuff. ...



Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.


 
Jobs
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Login to the Electronic Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.