December 7th, 2011
04:04 PM ET
The White House (CNN)–The showdown between the White House and Senate Republicans over a new consumer protection bureau continued Wednesday as attorneys general from four states came to the White House to press for a vote on the nominee to head the agency.
Republicans have said they will prevent a vote on Richard Cordray's nomination to lead the Consumer Financial Protection Bureau not because they oppose Cordray, but because they want changes made to strengthen congressional oversight of the new panel.
President Obama Tuesday threatened to veto any effort by congressional Republicans to "delay, defund or dismantle" the new consumer protection panel by blocking the confirmation of Cordray.
The bi-partisan group of attorneys at the White House Wednesday argued that the new consumer protection agency would "level the playing field" and provide needed oversight for consumers and help them do their jobs better.
Utah Attorney General Mark Shurtleff, a Republican, said the vote needed to go forward.
"If my party wants to change the law –if they get into power and are able to do that fine," Shurtleff told reporters in the White House briefing room. "In the meantime we have a job to do."
Maryland Attorney General Douglas Gansler called the Republican filibuster threat "the type of thing that breeds cynicism with the American people."
The CFPB was created in response to the sub-prime mortgage crisis as a way to reduce excessive risk‐taking on Wall Street. A Senate vote is expected on Cordray's nomination Thursday.