Why He Matters
President Obama ,on Jan. 24, 2013, renominated Cordray to lead the Consumer Financial Protection Bureau.
Cordray made a name for himself as the Ohio attorney general who talked tough and battled the abuses of mortgage lenders and Wall Street. In December 2010, he was named the chief enfocement officer for the Consumer Financial Protection Bureau (CFPB), the watchdog scheduled to launch in summer 2011.
Cordray's post puts him at the center of the push to increase regulation of the financial industry in the wake of the 2008 mortgage crisis, which led to one of the worst recessions in U.S. history.