May 2, 2011
Camden Fine, president and chief executive of the Independent Community Bankers of America, believes Elizabeth Warren has a “better than even chance” of being selected by President Obama as his pick to direct the new Consumer Financial Protection Bureau.
“I think the president is going to feel like he needs to give her a shot,” said Fine at a conference held by his organization in Washington, according to the Wall Street Journal.
Last month, Treasury Secretary Timothy Geithner told Bloomberg TV that Warren was still in the running.
“She is doing an excellent job of bringing clear disclosure to Americans so they can make a better choice about how to borrow to finance a home, or how to make sure they can responsibly borrow on a credit card,” said Geithner in the interview.
Warren has been a divisive figure among lawmakers, leading Rep. Barney Frank (D-MA) to claim that President Obama would not nominate Warren to officially direct the CFPB out of fear the nomination would fail. (Read more)
“The President is considering a number of candidates for the position of director, but no decisions have been made and we will not comment on speculation about potential candidates before the President makes his decision,” said White House spokeswoman Amy Brundage last month.
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