Former Ohio Attorney General Nominated to Head Consumer Financial Protection Bureau
President Obama said that he would nominate Richard Cordray, the former attorney general of Ohio, to lead the new Consumer Financial Protection Bureau, passing over Elizabeth Warren, the Harvard law professor who was the driving force behind the agency’s creation, the New York Times reported.
Cordray came to national attention for his aggressive investigations of mortgage foreclosure practices while he was attorney general. He is already an employee of the watchdog agency, as the leader of its enforcement division.