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Latest Richard Cordray Items
President Obama used his recess appointment powers Wednesday to name a head for the controversial Consumer Financial Protection Bureau and three new members to the National Labor Relations Board — moves Republican lawmakers said amounted to an unconstitutional power grab.
In a defiant display of executive power, President Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation's chief consumer watchdog, even though the Senate contends the move is inappropriate, senior administration officials told the Associated Press.
House Republicans have a not-so-secret weapon that could bring the National Labor Relations Board to a halt and block Democrats' Wall Street watchdog agency from getting started — and all it requires is just sitting around.
President Barack Obama isn't backing down from demanding that Republicans confirm his pick to head a new consumer watchdog office, saying GOP lawmakers are depriving middle-class Americans of better protection against the kind of deceptive business practices that contributed to the financial meltdown.
President Obama isn't backing down after Senate Republicans on Thursday blocked his nominee from becoming the first director of the Consumer Financial Protection Bureau.
Senate Republicans have blocked President Barack Obama's choice to head the consumer protection agency that was created after the 2008 financial meltdown.
Senate Republicans are poised to block yet another one of President Obama's nominees as they threaten to filibuster his choice for the first director of the new Consumer Financial Protection Bureau, in what's turning into a fight over the agency's accountability and oversight.
The legacy of President Obama's time in office has been an unprecedented expansion of the federal government. A perfect example of this is the Consumer Financial Protection Bureau (CFPB), which is part of the Dodd-Frank financial regulatory law. Even though this brand-new bureaucracy opened for business in July, most Americans have never heard of it - and they won't so long as it remains leaderless.
The White House is criticizing House GOP Majority Leader Eric Cantor's description of Wall Street protesters as a "mob," saying the activists compare favorably with the tea party movement.