Sen. Dean Heller (R-Nev.) sided with Wall Street today in joining his Republican colleagues in blocking the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB), created under the Wall Street reform legislation passed in 2010.
Next week, he’ll be rewarded at a fundraiser hosted by Wall Street lobbyists.
Politico Influence reported today that Heller will be feted by a number of lobbyists in Washington, D.C. next Wednesday. At least two of the hosts of the event represent Wall Street clients, according to recently filed lobbying disclosure reports.
- Kyle Simmons, one of the hosts, is a lobbyist with FIRST Group, where he represents Visa, Capital One Financial, and the US Chamber of Commerce. In the third quarter of 2011, he lobbied specifically on the implementation of the Wall Street Reform and Consumer Protection Act (the legislation that created the CFPB) for those three companies. The Chamber applauded today’s vote to block Cordray’s confirmation.
- Manny Rossman, a lobbyist with Breaux Lott Leadership Group, represents the interests of Citigroup, Goldman Sachs, and Prudential Financial. He lobbied specifically on the implementation of the Wall Street Reform and Consumer Protection Act for Citi and Goldman.
Did Heller or his staff meet with either of these lobbyists ahead of today’s vote? We’d like to know that—and I’m sure his constituents would too.