Obama calls Warren a ‘dear friend’ but says he’s not ready to name her consumer bureau chief
By APFriday, September 10, 2010
Obama: Not yet ready to name consumer bureau head
WASHINGTON — President Barack Obama praises consumer advocate Elizabeth Warren as a “dear friend” and says he has discussed a new Consumer Protection Bureau with her. But he says he’s not ready to announce a new director for the agency.
Warren, a Harvard law professor, is popular with liberals and tops a list of potential candidates to head the consumer bureau created under a new sweeping financial regulation bill. He praised the legislation’s provisions, saying they could save consumers “tens of billions of dollars.”
Obama was asked during a news conference Friday whether he was ready to name Warren to the post. He’s not, but acknowledged meeting with her as recently as this week.
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