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Obama: New Consumer Protection Bureau ‘Important’ for American People

Posted January 6th, 2012 at 1:35 pm (UTC-5)
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U.S. President Barack Obama paid a visit Friday to the new Consumer Financial Protection Bureau, saying he thinks it will be one of the nation’s “most important agencies for people.” President Obama addressed agency staff alongside the bureau’s newly-appointed director, Richard Cordray. “That’s your mission, to make sure that the American people have somebody in […]

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Obama Picks Head of New US Consumer Agency

Posted July 18th, 2011 at 3:00 pm (UTC-5)
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U.S. President Barack Obama has nominated a former state attorney general to head the new federal Consumer Financial Protection Bureau. Richard Cordray is a 52-year-old lawyer who served both as attorney general and treasurer of Ohio. He most recently has been working as director of enforcement for the consumer bureau, which began preliminary operations in […]

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Obama Picks Head of New US Consumer Agency

Posted July 18th, 2011 at 1:45 pm (UTC-5)
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U.S. President Barack Obama has named Richard Cordray as the head of the new Consumer Financial Protection Bureau. Cordray is a former attorney general of Ohio. His appointment needs to be confirmed by the Senate. In choosing Cordray, Mr. Obama bypassed Harvard University professor Elizabeth Warren, who has been working to set up the agency […]

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Obama Picks Chief for Consumer Agency

Posted July 17th, 2011 at 5:10 pm (UTC-5)
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U.S. President Barack Obama has chosen the former attorney general of the Ohio to lead the new Consumer Financial Protection Bureau. The White House says Mr. Obama will introduce Richard Cordray as his appointee on Monday. In choosing Cordray, Mr. Obama bypassed Harvard University professor Elizabeth Warren, who has been working to set up the […]

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Officials: Americans Borrowed More Money in May

Posted July 8th, 2011 at 4:35 pm (UTC-5)
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U.S. officials say Americans took on more debt in May, while using their credit cards more for only the second time in nearly three years. The Federal Reserve said Friday that consumer borrowing rose by slightly more than $5 billion in May, following a revised gain of $5.7 billion in April. The category includes car […]

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