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July 18, 2011

Obama Passes Over For Elizabeth Warren For Consumer Financial Protection Bureau 
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President Obama has decided to nominate former Ohio Attorney General
Richard Cordray to head the new Consumer Financial Protection Bureau.
Obama picked Cordray over Elizabeth Warren, the Harvard professor who
first proposed the bureau and has been helping to set up the bureau for
the past year. Warren had been the choice of many progressive
organizations, but her nomination was strongly opposed by Republican
lawmakers and the banking industry.



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