The time is now. [Warren's] immediate appointment would allow the CFPB to begin planning and doing its important job of policing on behalf of consumers, while also serving as a referendum on Warren’s ability to lead the bureau. What is lost in that scenario?
Let Elizabeth Warren do her (future) job now.
It has been widely reported that Harvard law professor Elizabeth Warren is considered the frontrunner to head the important new Consumer Financial Protection Bureau. Given the climate of hyper-partisanship in our nation’s capitol, hearings on her confirmation are, as they say, “likely to be bitter and drawn out.” That’s exactly what the White House may fear. The American Banker reported yesterday that the White House is considering naming Elizabeth Warren interim head of the Consumer Financial Protection Bureau. Giving her the ‘interim’ title would eliminate the requirement for a nomination/confirmation process, which could then be performed at a later date.
Naming Warren the interim head is a no-lose scenario. The time is now. Her immediate appointment would allow the CFPB to begin planning and doing its important job of policing on behalf of consumers, while also serving as a referendum on Warren’s ability to lead the bureau. What is lost in that scenario?
The Wall Street Journal reports the White House’s decision could be as soon as the end of the week. The sooner the better. Consumers need Elizabeth Warren.
Assisted by David Martin