Senate Republicans have blocked President Barack Obama’s choice to head the consumer protection agency that was created after the 2008 financial meltdown.
His nominee, former Ohio Attorney General Richard Cordray, ran into near-solid opposition from Republicans.
Republicans say Consumer Financial Protection Bureau has too much power and too little accountability.
The agency is designed to protect consumers from some of the lending and mortgages practices that led to the financial crisis.
GOP lawmakers have pledged to stall any nominee until the structure of the agency is changed.