The Senate Banking Committee is planning on holding a hearing next week to start the confirmation process on Richard Cordray, President Obama’s pick to run the CFPB.

According to the Wall Street Journal:

The Cordray bid… is likely to face a contentious battle in the Senate, where Republicans have vowed to block the nomination unless the White House agrees to revamp the bureau’s structure. Republicans want the bureau to be run by a commission instead of a single director, among other things. They fear that the bureau has broad powers over the financial industry without much congressional scrutiny and oversight.