Obama Bypasses Senate, Appoints Head To New 'Consumer Protection' Agency

In Ohio on Wednesday, Obama placed Richard Cordray as the head of a new federal “consumer protection” agency, bypassing the Senate to avoid Republican opposition to the post.

“We can’t wait to act to strengthen the economy and restore security for our middle class and those trying to get in it, and that’s why I am proud to appoint these fine individuals to get to work for the American people,” Obama said in a statement.