Richard Cordray was confirmed as director of the Consumer Financial Protection Bureau July 16, after Senate Democrats and Republicans successfully negotiated a deal that includes other pending nominees and will keep filibuster rules in place.
With a final confirmation vote of 66-34, Cordray can now put aside the controversy surrounding his appointment and settle in to a five-year term.
President Obama first nominated Cordray in July 2011, but Senate Republicans blocked his confirmation. In response, Obama installed Cordray with a recess appointment during the Senate's 2011 winter break. That appointment would have expired at the end of this year.
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