Obama Said to Name Cordray as Consumer Bureau Chief

Jan. 4, 2012 - Jan. 4 (Bloomberg) -- President Barack Obama has decided to install Richard Cordray as head of the Consumer Financial Protection Bureau with a recess appointment today, testing the limits of his executive authority to fill the post without Senate approval, administration officials said. Hans Nichols reports on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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