Move by Obama Gives CFPB Authority Over Brokers

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MORTGAGE EXPERT
1 · 04 · 12

WASHINGTON — President Barack Obama will appoint former Ohio Attorney General Richard Cordray on Wednesday to be the first director of the new Consumer Financial Protection Agency, making a controversial decision to install Cordray while the Senate is in brief recess to avoid Republican opposition, according to a White House official.

This wire news service story is no longer available.

However a copy might still be available at www.latimes.com

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