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Banking committee OKs White, Cordray for SEC, CFPB
WASHINGTON (MarketWatch) - The Senate Banking Committee on Tuesday voted to approve Mary Jo White, a high-profile former U.S. attorney who supervised the prosecution of mob boss John Gotti, to head the Securities and Exchange Commission. White, the Obama administration pick for the agency, is likely to be approved by the full Senate without much difficulty. Expect her to gain the backing of Republicans seeking a tough enforcer at the agency. The panel also approved Richard Cordray to head the nascent Consumer Financial Protection Bureau, an agency set up to write rules for mortgages and credit cards. He is unlikely to be approved by the full Senate as Republicans have been blocking his nomination as part of their effort to have the bureau transformed into a five-person bipartisan panel instead
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Banking committee OKs White, Cordray for SEC, CFPB
WASHINGTON (MarketWatch) - The Senate Banking Committee on Tuesday voted to approve Mary Jo White, a high-profile former U.S. attorney who supervised the prosecution of mob boss John Gotti, to head the Securities and Exchange Commission. White, the Obama administration pick for the agency, is likely to be approved by the full Senate without much difficulty. Expect her to gain the backing of Republicans seeking a tough enforcer at the agency. The panel also approved Richard Cordray to head the nascent Consumer Financial Protection Bureau, an agency set up to write rules for mortgages and credit cards. He is unlikely to be approved by the full Senate as Republicans have been blocking his nomination as part of their effort to have the bureau transformed into a five-person bipartisan panel instead
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