Jeremy Pelofsky of Reuters reports January 6 from Washington:

President Barack Obama's appointment of Richard Cordray to head the Consumer Financial Protection Bureau could become entangled in a legal battle over its legitimacy, though history and the Constitution appear to favor him, experts said.

The White House said on Wednesday Obama would use his constitutional authority to install Cordray while Congress was not in session, drawing anger and criticism from rival Republicans who insisted Congress was not in formal recess.

 

Read more: http://www.huffingtonpost.com/2012/01/05/richard-cordray-recess-appointment-obama-nomination_n_1185986.html