The Financial Services Roundtable (FSR), which represents 100 of the largest integrated financial services companies in the United States, has endorsed the nomination of Richard Cordray to lead the CFPB “in conjunction with needed changes to the structure and funding of the CFPB.” Tim Pawlenty, the president and CEO of the FSR, said that the Roundtable “applauds Richard Cordray’s leadership at the CFPB so far . . . [and] salute[s] his dedication to consumers and commend[s] his many accomplishments.” Pawlenty added that Director Cordray has worked with members of the Financial Services Roundtable “in a constructive manner.” Pawlenty qualified the endorsement explaining that the members of the FSR “strongly believe the CFPB should operate under a more democratic structure, with a board instead of a single director, as well as be subject to a more accountable system of funding.” The FSR urged “Congress to take swift action on these structural changes, in concert with confirmation of Richard Cordray.” This is not the first call for a compromise on Cordray appointment and the CFPB’s structure.