FBN’s Charlie Gasparino reports the Obama administration is “calling on banks, prodding them” to support the nomination of Elizabeth Warren to head the new Consumer Financial Protection Bureau (CFPB). Gasparino reports that the White House faces “an uphill battle” in getting the support of banks because of “negative” remarks Warren has made about banks in the past. Excerpt from the report can be found below ; courtesy of Fox Business Network.
On a potential nomination of Elizabeth Warren to head the new CFPB:
“Sources tell the FOX Business Network that the Obama administration is now calling on banks, prodding them to support or make positive comment about the Warren nomination. Sources tell FOX Business the White House is having an uphill battle getting the support and the reason is because Warren has says some negative things about banks in the past. The White House will not deny our report.”