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.”