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Keyword: cordray

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  • Senate Democrats Push Costly New Regulation Scheme

    10/04/2011 7:55:23 PM PDT · by LewPuller · 5 replies
    Unified Patriots ^ | Ovtober 4, 2011 | LibertyLover
    In President Obama’s recent address to the nation, he pledged to cut costly regulations to help promote economic growth. Of course, Obama had no intention of reducing government red tape. That is why he continues to demand the installation of a new regulator – Richard Cordray – to head the powerful Consumer Financial Protection Bureau (CFPB). The CFPB was created by the Dodd-Franks financial reform bill. Sen. Dodd described the Bureau as a regulatory agency “one like we have never seen before.” The Bureau was given huge power to regulate much of the economy at the whims of its Director...
  • Obama will nominate Cordray to head new consumer protection bureau

    07/18/2011 11:43:44 AM PDT · by Eagle of Liberty · 16 replies
    CNN ^ | July 18, 2011 | Jessica Yellin
    President Barack Obama is expected to nominate Richard Cordray to head the new Consumer Financial Protection Bureau on Monday. The announcement means Obama has passed over Elizabeth Warren, the firebrand law professor who envisioned the bureau. If confirmed, Cordray's pick sets up formal leadership for the bureau created under the Wall Street reform bill passed last year. However, many Senate Republicans have vowed to block any nominee to head the bureau, which they argue lacks transparency and accountability. Warren was staunchly opposed by many business interests as well as members of Congress, and with an election year approaching, it was...
  • Obama picks ex-Ohio AG to lead consumer agency

    07/17/2011 2:29:24 PM PDT · by Hunton Peck · 17 replies
    Associated Press ^ | Sunday, July 17, 2011 4:18 PM EDT | JIM KUHNHENN
    WASHINGTON (AP) — President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a new consumer financial protection bureau that was a central feature of a law that overhauled banking regulations. Obama plans to announce the nomination formally on Monday, the White House said in a statement Sunday. Republicans immediately threatened to block his Senate confirmation. In choosing Cordray, Obama bypassed Elizabeth Warren, a favorite of consumer groups, who has been assembling the agency as a special adviser to the White House and to Treasury Secretary Timothy Geithner. The agency will officially begin its oversight and...
  • Ohio AG approves ballot measure against health care reform

    04/04/2010 3:20:46 AM PDT · by legalwatch · 11 replies · 609+ views
    The Legal Newsline ^ | 4-4-09 | Chris Rizo
    Ohio Attorney General Richard Cordray last week signed off on petition language that would bar federal health care coverage mandates from taking effect in the state.