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January 24, 2013


Obama Picks New Bank Regulators

President Obama will nominate Mary Jo White to lead the Securities and Exchange Commission, "tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform," the AP reports.

Obama will also "renominate Richard Cordray to serve as head of the Consumer Financial Protection Bureau... The president used a recess appointment last year to circumvent Congress and install Cordray as head of the bureau. That appointment expires at the end of this year."












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