White House develops a short list for the consumer agency's chief

07/18/2010 | New York Times (tiered subscription model), The

The Obama administration has a three-person list of candidates to lead the Consumer Financial Protection Bureau, which will have an estimated budget of $500 million and will write and enforce rules for credit cards, mortgages, student loans and debt collection. The first director of the agency will set priorities and shape its culture. Elizabeth Warren, a Harvard University professor; Michael S. Barr, assistant secretary of the Treasury Department; and Eugene I. Kimmelman of the Justice Department make up the short list.

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