Senate Banking Committee Committee Chairman Tim Johnson on Tuesday accused a “vocal minority” of panel members of obstructing the nomination of Richard Cordray as director of the Consumer Financial Protection Bureau while the panel’s top Republican said they were exercising their time-honored rights to have their say.

“This vocal minority insists on rehashing the same debate Congress had last year when it created the CFPB as an accountable yet independent regulator.  The fact is that every regulatory agency is structured with different features that make it accountable,” the South Dakota Democrat said.

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