The highly partisan struggle surrounding the creation and opening of the Consumer Financial Protection Bureau on this coming Thursday has taken another turn as Obama announces his nominee for director. Richard Cordray, the current head of the enforcement division of the CFPB and former Attorney General of Ohio, has been named by Obama to vie for the position instead of Elizabeth Warren, the Harvard Law Professor responsible for the creation of the bureau. For insight into Obama’s decision and Republican opposition, click here for Appelbaum's article from the New York Times.
To see what consumers are asking of the CFPB, check out Ron Lieber’s July 16th article, “Consumer Watchdog is All Ears for Ideas.” As mentioned in an earlier post on this blog, it remains hugely important to voice your opinions to the new watchdog created to protect you as a consumer.
To see what consumers are asking of the CFPB, check out Ron Lieber’s July 16th article, “Consumer Watchdog is All Ears for Ideas.” As mentioned in an earlier post on this blog, it remains hugely important to voice your opinions to the new watchdog created to protect you as a consumer.
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