"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.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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