Mary Jo White, then U.S. Attorney for the Southern District of New York, speaks during a May 2001 press conference following guilty verdicts in the trial of four followers of Osama bin Laden that bombed two U.S. embassies in East Africa in 1998. President Obama intends to nominate White to head the Securities and Exchange Commission.
Credit Doug Kanter / AFP/Getty Images
President Obama's choice to head the Securities and Exchange Commission has prosecuted terrorists and mobsters. If she's confirmed, Mary Jo White's next challenge will be tackling reckless behavior on Wall Street.
Mary Jo White, who President Obama wants to lead the Securities and Exchange Commission.
Credit Brendan McDermid / Reuters /Landov
Mary Jo White, a former U.S. attorney in New York who prosecuted terrorists responsible for the bombings of the World Trade Center and U.S. embassies in Africa, will be nominated by President Obama to head the Securities and Exchange Commission.
The Consumer Financial Protection Bureau says it's looking to overhaul rules on overdraft fees. The new agency will be seeking data from banks about how they handle overdrawn accounts, and how they assess fees. The agency plans to use this information to help consumers limit their exposure to these costly charges.
The CFPB estimates that last year, banks made between $15 billion and $22 billion from overdraft fees.