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Detailed text transcripts for TV channel - KGO - 20120105:11:05:00

His own because his jobs agenda is stalled in congress. and in another end-around capitol hill, president obama has appointed the former ohio attorney general, richard cordray, as the head of the powerful new consumer financial protection bureau. republican lawmakers plan to, plan to fight that appointment though. here is abc s cecilia vega with more. reporter: this family nearly lost their ohio home to a predatory lender, who offered to make repairs on their old house, but fled, leaving them $80,000 in debt. with president obama and the country s consumer watch dog czar at their dining room table they became the poster family for everything the new agency plans to change. harassment by debt collectors? gone. sky-high fees on supposedly free checking accounts? gone. an endless paper trail of mortgage documents? gone. what can they see right now? what does it look like? in the mortgage area what nay ....

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