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The top reasons Wall Street and Republicans are scared of Richard Cordray

By Linette Lopez After months of pushback from Republicans in Congress, President Obama has finally decided to go over their heads and appoint former Ohio Attorney General Richard Cordray head of the Consumer Financial Protection Bureau without them. So who is he? We’ve written a lot about him at Business Insider. Partly because, no matter…

Obama scolds Republicans on blocked consumer chief

WASHINGTON — US President Barack Obama on Thursday scolded his Republican critics for blocking his nominee to lead a new consumer watchdog agency tasked with protecting Americans from finance industry abuses. In a rare appearance in the White House briefing room, Obama pressed his political foes to “come to their…

WATCH LIVE: Obama speaks about Congress blocking consumer panel nomination

President Barack Obama speaks about the Senate blocking Richard Cordray as his nomination to the Consumer Protection Bureau. Watch this live video from CNN, broadcast Nov. 25, 2011.  …

Economic adviser slams GOP for stalling consumer agency

Gene Sperling, director of the National Economic Council and assistant to the President for Economic Policy, told MSNBC’s Rachel Maddow on Wednesday that Republicans were endangering Americans by resisting the confirmation of Richard Cordray. President Barack Obama nominated Cordray to head the Consumer Financial Protection Bureau (CFPB), but Republicans have…

White House presses hard for consumer chief

WASHINGTON — The White House Wednesday warned that Republican opposition to the nomination of a chief for a new consumer watchdog agency left millions of Americans open to abuses from the finance industry. Republicans are opposing the President Barack Obama’s pick of former Ohio state official Richard Cordray to head…

Senate panel approves Richard Cordray for consumer bureau

The Senate Banking Committee on Thursday narrowly approved Richard Cordray to be the first ever Director of the Consumer Financial Protection Bureau, but his nomination is expected to be halted by Republicans in the full Senate. The Bureau was created by the Dodd–Frank Wall Street Reform and Consumer Protection Act…

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