WASHINGTON, DC - MARCH 12: Richard Cordray, nominee for director of the Consumer Financial Protection Bureau, testifies at a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs on March 12, 2013 in Washington, DC. Cordray testified that he doesn't see a "one-size-fits-all solution" to financial challenges and stressed the importance of transparency in the bureau's work. (Photo by T.J. Kirkpatrick/Getty Images)