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Richard Cordray appointed by Obama to head consumer watchdog bureau

CLEVELAND — President Obama on Wednesday installed his pick to head a consumer watchdog agency, defiantly using his executive authority to bypass GOP lawmakers who had rejected the nomination last month.

Obama cast the move to allow Richard Cordray to begin work as director of the Consumer Financial Protection Bureau as a way to protect the interests of middle-class Americans who suffered during the abuses in the financial system that led to the Great Recession of the past few years.

Read full article >>

Ezra Klein 05 Jan, 2012
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Source: http://feeds.washingtonpost.com/click.phdo?i=e8a314ae69764dbf67a1bb50e2379ba8
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