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Released: July 28, 2011
Consumer agency pick faces battle
Source: Ylan Mui & Brady Dennis, Washington Post (Free Registration)
Richard Cordray is no stranger to defeat. A soft-spoken man who pads around in socks and admires the writings of Supreme Court justice Louis Brandeis, he has run for office in his native Ohio nine times in the past 20 years, losing nearly as many races as he’s won. Now, he faces an entirely different kind of vote, one that won’t be decided at the polls but rather in a U.S. Senate full of political enemies. As President Obama’s nominee to lead the controversial new Consumer Financial Protection Bureau, Cordray faces an uphill confirmation battle over which he has little control.Read Full Article: Consumer agency pick faces battle
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