Four people are dead in two separate accidents in Central Ohio. In Pataskala, investigators say a head-on collision on East Broad took three lives. One vehicle crossed the center line. Early this morning, the driver of a pick-up truck was killed when he slammed into a tree in a residential area south of Route 104 [...]
Ohioan Richard Cordray Named As Nation’s Chief Consumer Watchdog
Senior administration officials tell The Associated Press that President Barack Obama will use a recess appointment to name Richard Cordray as the nation’s chief consumer watchdog despite strong Republican opposition.
With a director in place, the Consumer Financial Protection Bureau will be able to start overseeing the type of financial companies often blamed for practices that helped send the economy into a downward spiral.
Obama’s end run around the Senate is likely to cause an uproar among Republicans in Congress.
The White House contends the Senate’s “pro forma” legislative sessions are a gimmick and therefore Obama has the power to make the short-term appointment. Cordray would serve for at least the next two years.
The officials spoke on condition of anonymity ahead of Obama’s planned announcement in Ohio later Wednesday.