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Shelby Says Reg Nominations Not Linked to CFPB Fight

PaymentsSource | Thursday, March 22, 2012

Despite Republican criticism over the recess appointment of Richard Cordray to run the Consumer Financial Protection Bureau, a key GOP senator this week said the controversial hiring has not affected his position on other regulatory nominees. "I wouldn't link it at all," Sen. Richard Shelby, the Banking Committee's ranking Republican, told reporters outside a hearing for five pending nominees. "But I've said all along I would look at each nominee on their merits, and I'll be…

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