Debt Relief Industry

Elizabeth Warren Needs To Be Named Director of the Consumer Financial Protection Bureau

I’ve known Elizabeth Warren for years and I’m proud to say she’s one of those people I can reach quickly if I need to.

Hopefully once the selection process for the Consumer Financial Protection Bureau is over we’ll have a time to get together and interview her for the site.

Hopefully the selection process is drawing closer to advancing quickly.

Today the Washington Post reported:

Warren met Thursday at the White House with senior Obama advisers, but a presidential spokeswoman said no decision had been made. If Obama doesn’t choose her, he risks infuriating his already-agitated liberal supporters who see Warren as the only logical candidate.

If he gives her the nod, Obama risks deepening the financial community’s distrust of his administration and sparking a confirmation fight. He would be elevating a woman who, despite her mild manner, has repeatedly proven herself a thorn in the administration’s side during her tenure as watchdog over the government’s $700 billion bank bailout program. – Source

I certainly can’t think of a better, smarter, and more consumer focused person to help create the CFPB. She’s got my vote.


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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

3 Comments

  • According to the news, Warren has irritated enough Wall Street folks that it looks like her confirmation would not make it through the Senate. The White House is saying they will give her a job at Treasury instead. I’m bummed she might not get the director job.

  • According to the news, Warren has irritated enough Wall Street folks that it looks like her confirmation would not make it through the Senate. The White House is saying they will give her a job at Treasury instead. I’m bummed she might not get the director job.

  • I met her years ago at the Harvard screening of Maxed Out. Although I chatted with her briefly, I learned she possesses the passion and intelligence to really improve conditions for consumers. My fingers are crossed.

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