The Consumer Financial Protection Bureau resulted from the Dodd-Frank Wall Street Reform and Consumer Protection Act of twenty ten. Its goal is to make the market for financial products safer. Educating Americans about investment and loan products, enforcing financial laws and studying financial information all are part of its duties. The agency’s budget is expected to be around five hundred million dollars.

Richard Cordray served as Ohio’s attorney general for two years. He has earned praise for bringing legal action against banks and financial companies accused of harming homeowners and borrowers. Mr. Cordray launched cases against Bank of America and insurer AIG. His recess appointment is effective only until the end of the Senate’s current term.

And that’s the VOA Special English Economics Report. You can read transcripts of our programs at voaspecialenglish.com. For English learning activities and interactive features, click on The Classroom at VOA Learning English. And follow us on Facebook, Twitter, YouTube and iTunes. I’m June Simms.