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Elizabeth Warren Out, Another Bank Critic to Lead Consumer Agency

Jul 18, 2011
Fearing a tough confirmation fight, the Obama administration has decided that Elizabeth Warren will not head the new Consumer Financial Protection Bureau. Instead, the White House will nominate Richard Cordray, who was already selected to be the agency's top enforcer and who, in his previous gig as Ohio's attorney general, had put himself on the map by suing big banks. (more)