President Barack Obama announces the nomination of former Ohio Attorney General Richard Cordray, right, to serve as the first director of the Consumer Financial Protection Bureau (CFPB), Monday, July ... more 
President Barack Obama announces the nomination of former Ohio Attorney General Richard Cordray, right, to serve as the first director of the Consumer Financial Protection Bureau (CFPB), Monday, July 18, 2011, in the Rose Garden of the White House in Washington. (AP Photo/Manuel Balce Ceneta) less 
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Associated Press | Photo By Manuel Balce Ceneta
Mon, Jul 18, 2011 2:26 PM EDT