President Obama has tapped Ohio Attorney General Richard Cordray, not Elizabeth Warren, to head the Consumer Financial Protection Bureau.

Obama asked Warren, a Harvard law professor and consumer bankruptcy expert to help shape the bureau, which was created in the wake of the financial crisis as part of the Dodd-Frank bill.

But over time it became clear that while consumer groups loved Warren, Republicans didn't. And there was doubt that she could win over enough politicians to become the bureau's leader.

I hope Cordray will continue Warren's culture of openness and transparency. Each month she published her appointment calendar so we could see if she was meeting with bank CEOs or consumer groups (she met with both). She also asked us for feedback and ideas on how to reform the mortgage disclosure form. The bureau actually listened, and presented revised forms on its website to review.

So who is Richard Cordray?

Well, he's not The Daily Show alum Rob Corddry. But he is a former Jeopardy champ.

Here are some other links from around the web this morning:

From the Huffington Post, an endorsement of Cordray from Warren herself. Now will Warren run for a Senate seat or head back to Harvard?

Reaction to his nomination from around Washington.

A profile of Cordray from the Wall Street Journal (you may need a subscription).

It's a big week for the CFPB. It turns one-year-old on Thursday, and many of the oversight functions given the fledgling bureau go into effect on that day.

To learn more about the CFPB, check out its consumer-friendly website: www.consumerfinance.gov.