Other business groups reserve judgment; Obama’s pick, Richard Cordray, sued financial companies as Ohio attorney general The nomination of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau, just four days before the agency formally launched July 21, drew quick criticism from the U.S. Chamber of Commerce but a more guarded reaction from other business groups. Consumer advocates praised Cordray but were disappointed that their favorite, the controversial Elizabeth Warren, didn’t get the nod. The nomination does nothing to resolve the impasse between congressional Republicans and the administration concerning the bureau and the… Read More