This February marks the 100th anniversary of an Ohio State tradition. Since 1915, the chimes have been part of University life, housed in one of the oldest and most unique buildings on campus. WOSU’s Tom Rieland has this profile on the Chimes of Orton Hall…
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.