Reuters: Raskin and Granholm under Consideration for CFPB Director

April 6, 2011

Federal Reserve Governor Sarah Raskin and former Michigan Governor Jennifer Granholm are on President Barack Obama’s list of potential nominees to lead the Consumer Financial Protection Bureau, a source told Reuters

The source did not state who else may be in the running in addition to Raskin and Granholm. The White House played mum when asked about potential CFPB Director nominees.

“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.

Special Treasury Department Adviser and consumer advocate Elizabeth Warren has been working to set up the bureau ahead of its July opening. Last month, Rep. Barney Frank (D-MA) alleged the President was unwilling to nominate Warren to permanently lead the agency out of fear the bid would fail. (Read More)

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