U.S. President Barack Obama stands next to the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington

U.S. President Barack Obama (L) stands next to the new Director of the Consumer Financial Protection Bureau Richard Cordray in the State Dining Room at the White House in Washington July 17, 2013. The U.S. Senate on Tuesday confirmed Cordray as director of the Consumer Financial Protection Bureau, ending a nearly two-year standoff in Congress and putting the new agency on sounder legal footing. REUTERS/Larry Downing (UNITED STATES – Tags: POLITICS BUSINESS) – RTX11PKS