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No Head, Some Teeth

"Headless financial watchdogs needn’t be toothless. Republicans in the U.S. Senate blocked another of President Barack Obama’s nominees to lead a key agency, the Consumer Financial Protection Bureau. Politics is making it tough to solidify leadership at a handful of top regulators. But as the Federal Deposit Insurance Corp and other overseers are proving, acting directors can do most of the job."

Read the full story here.