Elizabeth Warren Under Consideration For Interim CFPB Chief

[Kalyke]

The White House is considering tapping Harvard professor and consumer advocate Elizabeth Warren to be the interim director of the Consumer Financial Protection Bureau, a source familiar with the White House deliberations told HuffPost.

Such a move would allow Warren to begin setting up the agency immediately and prevent the GOP from filibustering her nomination. She could serve until Obama nominates a permanent director -- a nomination he's not required to make, meaning that Warren would be able to serve indefinitely with the full powers of the director.

Obama could also name Warren as the permanent director following an interim appointment, which would give the Senate an opportunity to debate her selection.

The ability of the administration to nominate an acting director indefinitely, avoiding a lengthy confirmation battle, was first reported by HuffPost's Shahien Nasiripour in July. American Banker is also reporting that Warren is under consideration for the interim position.

http://www.huffingtonpost.com/2010/09/13/elizabeth-warren-interim-cfpb-chief-consideration_n_715457.html

[donheld]

1. Bring it on