May 3, 2011
American Bankers Association President Frank Keating speculated Tuesday that President Obama might use the political momentum in light of Osama bin Laden’s death to name Elizabeth Warren as his pick to lead the Consumer Financial Protection Bureau.
“If she is going to be nominated, it’s as a result of the events of the last several days,” said Keating, according to MarketWatch. “The president is really riding high right now, and he may decide that it’s worth it.”
Keating said he would support Warren if she is indeed the nominee. He noted that the two have already discussed assistance for small financial institutions around the country.
Independent Community Bankers of America President Camden Fine said earlier this week that he believes Obama will nominate Warren for CFPB Director soon, according to the Wall Street Journal. (Read more)
“I think the president is going to feel like he needs to give her a shot,” said Fine at a conference held by his organization in Washington.
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