Thursday, December 18th, 2014

All stories featuring Richard Cordray

Will recess appointment handcuff consumer cop?

Whether appropriately bold or outrageous, President Barack Obama stirred up the dust when he used a recess appointment to make former Ohio Attorney General Richard Cordray the nation’s consumer financial cop. We were intrigued by an argument put forth by Republican Sen. Rob Portman of Ohio: that Obama might have limited Cordray’s ability to do his full job because of the way he put the Ohioan in the director’s chair. But sorting the issue out on the Truth-O-Meter proved to be a challenge.