Restoring American Financial Stability Act

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Consumer Financial Protection Bureau Director Richard Cordray testifies before the House Committee on Oversight and Government Reform, Subcommittee on Tarp, Financial Services, and Bailouts of Public and Private Programs in the Rayburn House Office Building on Capitol Hill, Washington, DC, Tuesday, January 24, 2012. (Andrew Harnik / The Washington Times)

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Consumer Financial Protection Bureau Director Richard Cordray testifies before the House Committee on Oversight and Government Reform, Subcommittee on Tarp, Financial Services, and Bailouts of Public and Private Programs in the Rayburn House Office Building on Capitol Hill, Washington, DC, Tuesday, January 24, 2012. (Andrew Harnik / The Washington Times)

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Consumer Financial Protection Bureau Director Richard Cordray testifies before the House Committee on Oversight and Government Reform, Subcommittee on Tarp, Financial Services, and Bailouts of Public and Private Programs in the Rayburn House Office Building on Capitol Hill, Washington, DC, Tuesday, January 24, 2012. (Andrew Harnik / The Washington Times)

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Consumer Financial Protection Bureau Director Richard Cordray testifies before the House Committee on Oversight and Government Reform, Subcommittee on Tarp, Financial Services, and Bailouts of Public and Private Programs in the Rayburn House Office Building on Capitol Hill, Washington, DC, Tuesday, January 24, 2012. (Andrew Harnik / The Washington Times)

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Consumer Financial Protection Bureau Director Richard Cordray testifies before the House Committee on Oversight and Government Reform, Subcommittee on Tarp, Financial Services, and Bailouts of Public and Private Programs in the Rayburn House Office Building on Capitol Hill, Washington, DC, Tuesday, January 24, 2012. (Andrew Harnik / The Washington Times)

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Consumer Financial Protection Bureau Director Richard Cordray testifies before the House Committee on Oversight and Government Reform, Subcommittee on Tarp, Financial Services, and Bailouts of Public and Private Programs in the Rayburn House Office Building on Capitol Hill, Washington, DC, Tuesday, January 24, 2012. (Andrew Harnik / The Washington Times)

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** FILE ** In this Jan. 24, 2013, file photo, Consumer Financial Protection Bureau head Richard Cordray listens at left as President Barack Obama announces in the State Dining Room of the White House in Washington that he will renominate Cordray to lead the bureau, a role that he has held for the last year under a recess appointment. (AP Photo/Carolyn Kaster, File)

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Richard Cordray, President Obama's pick to head the Consumer Financial Protection Bureau, testifies March 12, 2013, at his confirmation hearing in front of the U.S. Senate Banking, Housing and Urban Affairs Committee on Capitol Hill. (Andrew Harnik/The Washington Times)