Senate Banking Committee Chair Chris Dodd remains skeptical that Elizabeth Warren can or will be confirmed to truly run the new Consumer Financial Protection Bureau. Yesterday, reacting to news that President Obama would appoint Warren to an advisory role at the CFPB, Dodd urged the White House to send the Senate a confirmable nominee. Possibly even during the so-called lame-duck session after the November elections.
“We still need to have a nominee,” Dodd told reporters during a Senate vote. “My hope is they’ll send us a nominee sometime in the next few weeks, or even in the lame duck. We’ll have hearings and we’ll consider who’ll actually run the place.”
Dodd said he doubts Warren can be confirmed.
“You have heard people who are supportive of the bill express reservations,” he said. “You never know until you have a vote.”
Obama officially appointed Warren to the advisory role this morning.
