Bank Watchdog Caught by Court Choke Chain
"This puts tremendous pressure on Cordray's nomination and creates opportunities for Republicans to insist on some sort of deal, in return for his confirmation," Petrasic says.
Petrasic previously said that there could be a deal in Congress for a bill to create "a three-to-five member commission to replace the director" of the Consumer Financial Protection Bureau, "and have him become the first chairman."
-- Written by Philip van Doorn in Jupiter, Fla.
>Contact by Email.Follow @PhilipvanDoorn
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts