that's also the position of many banks, says the financial services roundtable's scott talbott. >> we are for creating a five- person panel. it doesn't dilute the total power of the c.f.p.b., it simply spreads it out, so if an idea's a good one, then let's have a panel agree to it. that provides the checks and balances to it. the checks and balances are necessary. >> reporter: one thing seems clear-- without a strong leader in place, the c.f.p.b. is off to an uncertain start. >> they will be doing a lot of thinking, a lot of preparatory work for what they want to do-- organizing, drafting, but nothing will be effective. >> reporter: consumer groups endorsed cordray, but were clearly disappointed the president sidestepped selecting elizabeth warren. the c.f.p.b. was her idea, and president obama put her in charge of setting up the office, but she was considered too confrontational to have any chance of winning support from senate republicans. darren gersh, "nightly business report," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big b