Top post at CFPB remains open as Warren builds agency

Elizabeth Warren, special adviser to President Barack Obama, has met with community bankers in every state, about 70 members of Congress and more than 1,000 banking, business and consumer representatives to build support for the Consumer Financial Protection Bureau. But the CFPB remains without a director as the agency approaches its July 21 deadline to open and Warren improves her prospects for being appointed to the post as she woos critics. "Frankly, I'm flabbergasted as to why the administration has not nominated somebody to head up this very important agency that they created," said Richard Hunt, president of the Consumer Bankers Association.

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