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Government and Politics

DeWine: Cordray should lead consumer protection agency
Ohio Attorney General Mike DeWine says Richard Cordray is the right person the head the new federal consumer protection agency

Alison Ritchie

Ohio’s Attorney General Mike DeWine says his predecessor Richard Cordray is the right person to lead a new federal consumer protection agency. President Obama nominated the former Ohio attorney general last July to head the Consumer Financial Protection Bureau, and the Senate Banking Committee approved the nomination last week. But Senate Republicans are blocking the nomination.

DeWine, a former senator, says the Republican opposition has nothing to do with Cordray’s qualifications.

DeWine explains why Republicans are blocking the nomination

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DeWine says he has not looked at what authority the consumer protection agency has, so he’s not sure if its powers are over-reaching.

Listener Comments:

The Consumer Financial Protection Bureau has and probably will do nothing but produce more bureaucracy – if financial protection was the objective making loans to people that can't afford them would have never happened in the first place.
Cordray is the right Democrat to head this agency – Obama would not force any Republican on the US – that might impede “progress”; But who cares what the Republican's want – they won't work with Obama/how much socialism do you want – let the Dems take care of things – we'll never be debt free – international socialism thought will remake America.

Posted by: Socialists oppose Capitalism on January 12, 2012 7:01AM
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