Sunday, May 8, 2011

Has Elizabeth Warren Won Over the Banks?

This update on sentiment in the banking community regarding Elizabeth Warren and the Consumer Financial Protection Bureau offers some encouragement regarding her eventual nomination to head the consumer watchdog group. While the GOP still seems set on undermining the CFPB and its mandate, some in the banking community have warmed to Warren and credit her knowledge of the industry as well as her dedication to consumer advocacy. This may make it more likely that Warren could survive congressional hearings to head the bureau should Obama finally decide to formally nominate the law professor to the post.
http://beta.motherjones.com/politics/2011/05/elizabeth-warren-cfpb-community-banks

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