An interesting perspective coming from Senator Richard Shelby re: the president’s decision to go with a different CFPB director nominee.

Many on the left are disappointed that the president did not choose the Bureau’s most vocal advocate, Elizabeth Warren, who currently serves as an assistant to the president and adviser to the Treasury secretary. Republicans, on the other hand, are focused on the key issue: Regardless of who runs it, will the bureau be sufficiently accountable to the American people?

When discussing Obama’s unwillingness to listen to the GOP’s “proposed three commonsense reforms,” Shelby said this:

As a result, Mr. Cordray’s nomination is dead on arrival in the Senate and will remain so until these reasonable changes are made. The law allows the administration to delay the bureau’s start date for an additional six months. I encourage President Obama to exercise this option and come to the negotiating table.