Skip to content
Subscriber Only

Cordray Nomination Shows U.S. Consumer Bureau Battles Remain

The re-nomination of Richard Cordray to run the U.S. Consumer Financial Protection Bureau shows that the former Ohio attorney general has won the confidence of Democrats who fought for the agency’s creation despite his failure to win over Republican critics.

President Barack Obama yesterday put Cordray’s name forward for a full five-year term after more than a year of work in which he oversaw the agency’s effort to protect consumers from scams and other abuses in the financial services market.