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Obama to Nominate White to SEC, Cordray to CFPB

"President Barack Obama on Thursday will nominate former prosecutor Mary Jo White to be chairman of the Securities and Exchange Commission and renominate Richard Cordray to be director of the Consumer Financial Protection Bureau.

Obama is set to make the announcement at the White House this afternoon, according to news reports, as he moves to fill vacancies in his administration as his second term begins.

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White is already garnering rave reviews from consumer advocates.

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