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United States President Barack Obama delivers remarks during a visit to the Consumer Financial Protection Bureau in Washington DC, USA, on 06 January 2012. Obama placed Richard Cordray as head of the Consumer Financial Protection Bureau with a recess appointment 04 January 2012. Republicans in the Senate had blocked Cordray's confirmation in December 2011..CAP/ADM/CNP/MR.©Michael Reynolds/Pool/CNP/AdMedia/Capital Pictures.

United States President Barack Obama delivers remarks during a visit to the Consumer Financial Protection Bureau in Washington DC, USA, on 06 January 2012. Obama placed Richard Cordray as head of the Consumer Financial Protection Bureau with a recess appointment 04 January 2012. Republicans in the Senate had blocked Cordray's confirmation in December 2011..CAP/ADM/CNP/MR.©Michael Reynolds/Pool/CNP/AdMedia/Capital Pictures.