Attorneys general push for Cordray to lead consumer agency

Source: Ylan Mui, Washington Post (Free Registration)

The White House has enlisted a bipartisan coalition of state attorneys general to help break a blockade by Senate Republicans of President Obama’s nominee to lead the controversial new federal consumer watchdog agency. The National Association of Attorneys General on Tuesday sent a letter to Senate leaders calling nominee Richard Cord­ray “brilliant and balanced.” Cordray was an attorney general in Ohio known for his aggressive pursuit of foreclosure fraud before joining the Consumer Financial Protection Bureau (CFPB) as head of enforcement in January. This summer, Obama picked him to lead the fledgling agency, and he now awaits Senate confirmation.

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