http://www.latimes.com/business/la-fi-elizabeth-warren-20110525,0,777294.storyElizabeth Warren had some heated exchanges during testimony before a House oversight subcommittee about the Consumer Financial Protection Bureau, which the Harvard Law professor is helping launch. (Jonathan Ernst, Reuters / May 25, 2011)
Reporting from Washington— House Republicans have been adamant since last year that they don't like the new Consumer Financial Protection Bureau — and they also made it apparent they don't like Elizabeth Warren, the Obama administration advisor who is helping launch the agency.
After a bitter and contentious House oversight subcommittee hearing Tuesday, Warren showed that the feeling might be mutual.
The clash highlighted how Warren has become a lightning rod for opponents of the agency, created by last year's financial reform law. And it also could explain why President Obama hasn't nominated her to be the agency's powerful full-time director despite strong support from congressional Democrats, consumer advocates and liberal interest groups.
Warren, a Harvard Law professor, is so beloved by liberals that some Democrats are encouraging her to challenge Sen. Scott Brown (R-Mass.) in her home state next year.