Instead, President Barack Obama chose Mr. Cordray, a former attorney general of Ohio whom Ms. Warren had picked to be the agency’s enforcement director. In July 2013, the Senate finally agreed to allow the confirmation of Mr. Cordray, cementing a new era of expansive federal oversight of companies that lend money to consumers. PhotoThe fight over the establishment of the protection bureau made Ms. Warren a political celebrity and helped her win a bid for Congress. Instead, the agency’s next director may potentially face at least some of the resistance Mr. Cordray experienced from Republicans after he was named director. Ms. English is no stranger to the consumer protection bureau.

Source: New York Times November 25, 2017 01:14 UTC