Obama’s Pick for Consumer Agency Has Record of Fighting Banks
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Mark Seifert recalls being impressed when Richard Cordray, then the Ohio state treasurer, walked into the offices of his Cleveland activist group one day in August 2007.
Seifert’s organization -- Empowering and Strengthening Ohio’s People, or ESOP -- was known for its confrontational tactics, such as the time it gathered at the home of a regional vice president of lender Countrywide Financial Corp. and covered his lawn and flower beds with small plastic “loan” sharks to draw attention to mortgage abuses.