Richard Cordray appointment ‘turns lights on’ at consumer bureau
by admin on Jan.05, 2012, under News
The agency, which has been hobbled since opening last summer because the Senate wouldn’t confirm its director, can now begin to exercise its authority. The Consumer Financial Protection Bureau, the centerpiece in the overhaul of financial regulations 18 months ago, was billed as a powerful new regulator to put the pocketbooks of average Americans ahead of the fat wallets on Wall Street.
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