President Obama appointed Richard Cordray as the director of the Consumer Financial Protection Bureau during congress' winter recess. He did this because in the Republicans' usual manner of putting party before country, they blocked every effort to this appointment in the past. And stated they will continue to do so until the Consumer Protection Bureau's power is whittled down to pointless. Because they don't want people to be protected from corporations' and banks' ability to squeeze every last fucking penny from you using hidden fees, predatory lending and 400% interest rates on payday loans. Follow the profits.