WASHINGTON — The White House is considering appointing Elizabeth Warren as interim head of the Consumer Financial Protection Bureau, bypassing a likely Senate confirmation battle, according to sources.
Under the Dodd-Frank regulatory reform law signed July 21, the Treasury Department has the power to appoint a temporary head of the new agency until a permanent one is nominated and confirmed.
By naming Warren interim head, the White House would sidestep — for now — a likely fight over her nomination. Obama can still choose to formally nominate Warren sometime next year, or select another candidate if she becomes too polarizing.
Read on.
Late update: White House denies plan to avoid Warren fight for CFPB head. Politico reports. Read on.
On a side note: A little-noticed provision of the Financial Reform bill law's language would allow the Treasury Department to name an interim director of the CFPA until a permanent director is confirmed. We shall see if the Treasury Department will name the interim director of the CFPA.
No comments:
Post a Comment