Obama May Name Elizabeth Warren as Interim Head of Consumer Agency

Before you go, we thought you'd like these...
President Barack Obama may appoint Elizabeth Warren as the interim head of the new consumer protection bureau, avoiding a possibly contentious Senate confirmation. The White House is exploring ways that Warren could run the bureau without having to go through a confirmation battle, The New York Times reported without naming its sources.

Sponsored Links
Warren is the front-runner to head the new bureau, which will have power to enforce regulations covering financial products including mortgages and credit cards. She's the firm favorite of consumer-advocate groups but has little support within the financial community.

Obama could name Warren using a recess appointment, though that would only last until the end of 2011.

White House spokeswoman Amy Brundage declined to comment on the possibility of a temporary appointment for Warren.

Read Full Story

People are Reading

The Latest from our Partners
1 - 3 of 15