As part of their plans to grind Congress to a halt, the GOP swore to block any nomination of a head to the Consumer Financial Protection Bureau. However, according to the New York Times, the President plans to appoint Cordray while Congress is in recess. The legality of the move is apparently a bit murky, though, so we’ll wait to see how this plays out. (Hat tip to ShortFormBlog!)
Edit: Check out Cordray’s first post on the CFPB blog.