House Republicans have introduced a bill in reaction to Richard Cordray's appointment as director of the Consumer Financial Protection Bureau. The legislation would limit the agency's authority as long as it is led by a recess appointee. "No rule, order or other administrative action shall be considered final if the director was appointed during a recess of the Senate and the position of director was vacant while the Senate was in session, until the director has been confirmed by the Senate," according to the bill.

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