Obama Presses GOP on Consumer Watchdog Delay

Former Ohio Attorney General and Grove City native Richard Cordray.(Photo: Ohio Attorney General's Office)
Former Ohio Attorney General and Grove City native Richard Cordray.(Photo: Ohio Attorney General's Office)

President Barack Obama isn’t backing down from demanding that Republicans confirm his pick to head a new consumer watchdog office.
He says every day that the country must wait for a director of the Consumer Financial Protection Board “is another day that dishonest businesses can target and take advantage of students, seniors and service members.”
Senate Republicans last week blocked Obama’s appointment of Richard Cordray, a former Ohio attorney general, to lead an agency they said had been given too much power and too little accountability.

Without a director, the office designed to shield consumers from the excesses behind the 2008 financial crisis is unable to operate at full strength

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