Richard Cordray

 

  Neither a borrower, nor a lender

Can an agency protect consumers from making bad decisions about their finances? We meet one military family whose situation seems tailor-made for the mission of the new Consumer Financial Protection Bureau.

  Video: Jeff Madrick on the politics of protecting consumers
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Obama taps Cordray as head of consumer protection agency

Elizabeth Warren, who has been helping organize the agency as a Special Advisor to the Secretary of the Treasury on the CFPB, will not be nominated to lead the agency.

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