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November 8, 2010 | CFPB Nomination, federal legislation | Comments (0)From the story:
The first head of the Consumer Financial Protection Bureau could be Wall Street-friendly Rep. Melissa Bean, Politico’s Morning Money reports, citing “buzz.”
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Bean, an Illinois Democrat whose campaign war-chest is regularly filled by the finance and insurance sectors, is locked in a nail-biter election for her House seat. She trails by a thin margin but as of Sunday, the race was still too close to call. If Bean loses the race and is nominated to head the CFPB (which Elizabeth Warren is setting up), she would also have to be confirmed by the Senate.
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