President Obama on Thursday will nominate former federal prosecutor Mary Jo White as chairwoman of the Securities and Exchange Commission and renominate Richard Cordray for a full term as director of the Consumer Financial Protection Bureau, according to a White House official.
Both nominations are central to Obama’s hopes of more tightly regulating Wall Street during his second term, as many of the new rules created by the Dodd-Frank overhaul of financial regulation take effect.
Source: Washington Post. Read full article. (link)