WASHINGTON (AP) — President Barack Obama is considering bypassing the Senate and naming a temporary director of his new consumer protection agency, the White House said Tuesday.
That could be a particularly attractive option if Obama appoints Elizabeth Warren, the well-known, yet polarizing consumer advocate. Warren is considered the leading candidate to head the bureau, but her unpopularity with the financial industry could lead to contentious confirmation hearings in the Senate.
The financial regulatory law Obama signed into law earlier permits the Treasury Department to run the bureau while the director's Senate confirmation is pending. Warren — or any nominee — could serve …
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