Air Force One kicks up a cloud of snow after landing at Cleveland Hopkins Airport
Richard Cordray, who will be appointed as head of the country’s new consumer financial protection watchdog, awaits President Barack Obama upon their arrival in Cleveland, Ohio.
Dan Pfeiffer: Today the President will appoint Richard Cordray to lead the Consumer Financial Protection Bureau. He has one important job: look out for the best interest of American consumers. He’ll work on behalf of millions of families across the nation to ensure they’re not being taken advantage of by debt collectors and credit reporting agencies. As America’s consumer watchdog, Cordray will work to ensure that families and students don’t get saddled with sky-high interest rates by mortgage or payday lenders. Bottom line: he’ll strengthen oversight and accountability in order to protect millions of families across the nation. This is an important step to protect the American people.