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The Boston Globe

Business

Consumer bureau facing fight again

GOP says it will block nominee

WASHINGTON — Renewing a three-year-old fight over bank oversight, Senate Republicans said Friday they will oppose President Obama’s nominee to head the Consumer Financial Protection Bureau unless the office created after the 2008 Wall Street financial meltdown is significantly changed.

Obama has renominated bureau director Richard Cordray, who had been named in a recess appointment last year.

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