Obama

January 4, 2012 - 11:00 AM
FILE - In this Dec. 1, 2011 file photo, Rich Cordray, assistant director of Enforcement for the Consumer Financial Protection Bureau (CFPB) is seen in Washington. Senior administration officials tell The Associated Press that President Barack Obama will use a recess appointment to name Cordray on Wednesday as the nation’s chief consumer watchdog despite steep Republican opposition. (AP Photo/Jacquelyn Martin, File)