Jan 5, 2012 The president plans to use a recess appointment to name Richard Cordray as head of the Consumer Financial Protection Bureau.
Jan 4, 2012 President Obama bypassed the Senate and appointed Cordray as the head of the CFPB. Yet, legal challenges will likely follow.
Dec 9, 2011 U.S. Senate Republicans blocked former Ohio attorney general Richard Cordray's appointment as director of the CFPB. The new bureau is a centerpiece in the Dodd-Frank financial reform law.
Dec 5, 2011 this week, President Obama's expected to put the pressure on Congress to approve his nominee to head the Consumer Finance Protection Bureau. But Republicans vow to hold up any nominee until the bureau itself gets overhauled.
Dec 5, 2011 The Consumer Financial Protection Bureau can investigate complaints, but that's about it -- at least until a head of the bureau is approved by Congress.