WE can only hope this is a good sign, and that Pres. Obama is going to stand up to the greedy bankers and financial institutions and appont Elizabeth Warren for the good of the people and the nation.
WASHINGTON — Elizabeth Warren, a popular but polarizing consumer advocate, met with President Barack Obama at the White House Tuesday, adding to speculation she could be named to head a new consumer protection agency.
Warren also met with senior administration officials last month. However, White House spokeswoman Amy Brundage said other candidates are still being considered and that no decision has been made on who will lead the agency, which was created under terms of the financial overhaul bill Obama signed into law earlier this year.
The agency will have vast powers to enforce regulations covering mortgages, credit cards and other financial products. Consumer advocates and labor groups want Obama to nominate Warren to lead the agency, but she has little support within the financial community and her nomination could set the stage for a divisive Senate confirmation hearing.
Warren now heads the Congressional Oversight Panel, which has been a watchdog over the Treasury Department's bank bailout fund.
Others mentioned as contenders to lead the consumer agency are Michael Barr, an assistant treasury secretary who was a key architect of the administration's financial regulatory plans, and Eugene Kimmelman, a deputy assistant attorney general in the Justice Department's antitrust division.
Related News On Huffington Post: WASHINGTON — Elizabeth Warren, a popular but polarizing consumer advocate, met with President Barack Obama at the White House Tuesday, adding to speculation she could be named to head a new consumer protection agency.
Warren also met with senior administration officials last month. However, White House spokeswoman Amy Brundage said other candidates are still being considered and that no decision has been made on who will lead the agency, which was created under terms of the financial overhaul bill Obama signed into law earlier this year.
The agency will have vast powers to enforce regulations covering mortgages, credit cards and other financial products. Consumer advocates and labor groups want Obama to nominate Warren to lead the agency, but she has little support within the financial community and her nomination could set the stage for a divisive Senate confirmation hearing.
Warren now heads the Congressional Oversight Panel, which has been a watchdog over the Treasury Department's bank bailout fund.
Others mentioned as contenders to lead the consumer agency are Michael Barr, an assistant treasury secretary who was a key architect of the administration's financial regulatory plans, and Eugene Kimmelman, a deputy assistant attorney general in the Justice Department's antitrust division.
In case you missed it, today's bit of hot and sexy Beltway speculation concerns Congressional Oversight Panel Chair Elizabeth Warren. The Washington Post's Brady Dennis...
*This article was updated at 4:15 p.m. ET to reflect a clarification. In questioning Elizabeth Warren's candidacy to lead a new Consumer Financial Protection Bureau,...
Elizabeth Warren, a top candidate to lead the new Bureau of Consumer Financial Protection, met quietly last week with some of her sharpest critics: big...
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