Obama appoints Richard Cordray to head consumer watchdog bureau

In a bold act of political defiance, President Obama installed Richard Cordray as head of a new consumer watchdog agency Wednesday, bypassing Republican opposition in the Senate that derailed his nomination last month.

Obama cast the move as an effort to protect the interests of middle-class Americans who have suffered as a result of the Great Recession, which stemmed in part from abuses in the financial system.

Read more…

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Client Portal

Socialize
Newsletter Signup
  • This field is for validation purposes and should be left unchanged.