Obama to name consumer protection bureau head

By: Associated Press Email
By: Associated Press Email

President Barack Obama will introduce his choice to head the new Consumer Financial Protection Bureau on Monday in the White House Rose Garden.

The president intends to nominate former Ohio Attorney General Richard Cordray.

In choosing Cordray, Obama bypasses Elizabeth Warren, a favorite of consumer groups, who has been assembling the agency. Warren faced stiff Republican opposition in the Senate.

Later Monday, Obama will meet with the heads of financial regulatory agencies. He also has an education round table scheduled with business leaders, Education Secretary Arne Duncan and others.

In the morning, Obama plans to meet with members of the Giving Pledge, which invites wealthy individuals and families to give the majority of their wealth to philanthropy. Among those attending are co-founders Warren Buffett and Bill and Melinda Gates.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 125733943 - wndu.com/a?a=125733943