On this week's "Newsmakers," Richard Cordray, Director of the Consumer Financial Protection Bureau, joins us to discuss how the new agency is shaping up, the obstacles it faces, and the direction that he wants to take the new agency.
The CPFB was created by the Dodd-Frank Wall Street Reform Act and has been in operation since late July. Its missions include watching for mortgage-servicing abuses and credit-card abuses by banks. President Obama named Mr. Cordray director with a recess appointment on January 4 after Republicans stalled on holding a confirmation hearing for him.
The guest reporters are Maya Jackson-Randall, from Dow Jones Newswires and Jim Puzzanghera from the Los Angeles Times.