Obama Taps Cordray To Lead Consumer Bureau

Law360, New York (July 18, 2011, 1:55 PM EDT) -- President Barack Obama on Sunday announced the nomination of current Consumer Financial Protection Bureau enforcement chief Richard Cordray — who previously served as Ohio's attorney general — for the top post at the newly created watchdog.

"Richard Cordray has spent his career advocating for middle class families, from his tenure as Ohio’s attorney general to his most recent role as heading up the enforcement division at the CFPB and looking out for ordinary people in our financial system," Obama said in a statement.

The White House's...
To view the full article, register now.