President Obama (left) speaks as Richard Cordray, the newly confirmed director of the Consumer Financial Protection Bureau, looks on in the State Dining Room of the White House in Washington on Wednesday, July 17, 2013. The Senate voted on Tuesday to end a two-year Republican blockade that was preventing Mr. Cordray from winning confirmation. (AP Photo/Susan Walsh)

Photo by: Susan Walsh

President Obama (left) speaks as Richard Cordray, the newly confirmed director of the Consumer Financial Protection Bureau, looks on in the State Dining Room of the White House in Washington on Wednesday, July 17, 2013. The Senate voted on Tuesday to end a two-year Republican blockade that was preventing Mr. Cordray from winning confirmation. (AP Photo/Susan Walsh)