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Senate Banking Panel Approves Obama's Choices for SEC, CFPB

A U.S. Senate panel on Tuesday voted 21 to 1 in favor of Mary Jo White to lead the U.S. Securities and Exchange Commission, moving her nomination to the full Senate for consideration.

A U.S. Senate panel on Tuesday voted 21 to 1 in favor of Mary Jo White to lead the U.S. Securities and Exchange Commission, moving her nomination to the full Senate for consideration.

The Senate Banking Committee also approved on a party-line vote Richard Cordray's nomination to be director of the Consumer Financial Protection Bureau. Cordray has been serving as director on an interim basis.

Copyright 2013 by Reuters. All rights reserved.

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