GOP House Blocks Bid To Name Elizabeth Warren Head Of The Consumer Financial Protection Bureau

[sasha031]

WASHINGTON -- Republicans don’t even want public advocate Elizabeth Warren to head a watered-down Consumer Financial Protection Bureau.

At least that’s what Democrats tried to show Wednesday with a number of amendments to three Financial Services bills that aim to alter the nascent CFPB. The Democratic measures were all nixed by the GOP.

One amendment would have required Congress to name Warren the head of the bureau once she finishes the job of creating it and getting it running by July. The provision, offered by CFPB proponent Rep. Carolyn Maloney (D-N.Y.), was designed to put Republicans, who have vehemently opposed Warren in the past, on the spot.

"This debate is clearly about Elizabeth Warren, so let's make it about her," said Maloney, the top Democrat on the Financial Institutions and Consumer Credit Subcommittee.

The amendment, which said the top job had to be filled by the person "credited with coming up with the idea" for the CFPB, failed on a party-line vote.

http://www.huffingtonpost.com/2011/05/04/gop-blocks-elizabeth-warren-cfpb_n_857780.html