The confirmation hearing for Richard Cordray to be director of the new Consumer Financial Protection Bureau has been changed from Thursday until Sept. 6, Senate Banking Committee Chairman Tim Johnson announced Tuesday.
Johnson (D-S.D.) didn't give a reason.
Cordray, a former Ohio attorney general who has run the bureau's enforcement efforts, was nominated to the post by President Obama.
Senate Republicans have said they won't approve any nominee to run the bureau unless the Obama administration makes structural changes to it, including replacing the director with a fve-member board.
Last month, the House passed legislation that would accomplish that but Senate Democrats oppose the changes.
