National Journal: Battle Over New Agency Head

National Journal recently published a piece about how President Obama now faces another challenge barely two weeks after signing the financial reform bill. President Obama must now a qualified individual to direct the new Consumer Financial Protection Bureau. In this piece, Heather Booth voices her support of Elizabeth Warren, a top candidate for the position:

Given the agency’s short deadlines to ramp up operation and issue rules, the president is expected to name a director soon. On one side are liberals who want [Elizabeth Warren] to run the agency, which she first proposed three years ago to be an independent regulator overseeing home mortgages, credit cards, payday loans, and other financial products. “Warren has shown a steadfast and tireless commitment to protecting consumers throughout her distinguished career and is without question the best candidate to run the new CFPB,” said Heather Booth, executive director of Americans for Financial Reform, a labor and consumer-protection coalition that worked for passage of the law.

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