Raj Date. That’s the name that’s being floated around as the nominee for CFPB director. Well the only other option next to Elizabeth Warren at this point. Everyone else has turned it down.

One columnist has said though, that Date would be a bad choice:

That would be a mistake. Although Date has been critical of Wall Street, his professional background as a former executive with Deutsche Bank (DB) and Capital One (COF) would inevitably cause an outcry among Democrats about a conflict of interest. And simply as a matter of optics, Obama would come off looking weak by bowing to Republican pressure at a time he has little to lose by handing the job to Warren.