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Cordray Named to Lead New Consumer Protection Bureau
President Obama nominates former Ohio Attorney General Richard Cordray to head the CFPB as part of a banking reform push. Republicans threaten to block Senate confirmation, bypassing Elizabeth Warren who aids the agency. The bureau begins oversight on July 21, focusing on mortgages, credit cards, and lending.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
Ohio
Richard Cordray
Consumer Protection Bureau
Obama
White House
Cordray
Senate
Elizabeth Warren
Treasury
Timothy Geithner
CFPB