Tim Geithner Opposes Nominating Elizabeth Warren To Lead New Consumer Agency [View All]

[kpete]

Source: Huffington Post

Tim Geithner Opposes Nominating Elizabeth Warren To Lead New Consumer Agency

Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views.

The financial reform bill passed by the Senate on Thursday mandates the creation of a new federal entity charged with protecting consumers from predatory lenders.

But if Geithner has his way, the most prominent advocate for creating the agency may not be picked to lead it.

Warren, a professor at Harvard Law School whose 2007 journal article advocating the creation of such an agency inspired policymakers to enact it into law, has rocketed to prominence since the onset of the financial crisis as one of the leading reform advocates fighting on behalf of American taxpayers.

Read more: http://www.huffingtonpost.com/2010/07/15/tim-geithner-opposes-nomi_n_647691.html