Will Elizabeth Warren Seek Kennedy’s Old Senate Seat?

Posted on July 19, 2011. Filed under: Uncategorized | Tags: , , , , , , , , , , |

By Scott Orr

President Barack Obama nominated former Ohio attorney general Richard Cordray as the Director of the Consumer Financial Protection Bureau (CFPB), bypassing Harvard professor and special advisor to Obama, Elizabeth Warren, who set up the bureau.

Warren, who was attacked repeatedly by Republicans in Congress, may now turn her attentions to running for the Senate next year in Massachusetts, where Republican Sen. Scott Brown is considered among the nation’s most vulnerable incumbents. Warren is a liberal darling whose candidacy would be welcomed in the Bay State, democratic insiders say.

Cordray lost his bid for reelection in Ohio last fall and was hired by Warren this year to be head of enforcement for the consumer agency.

The CFPB officially opens July 21, assuming the consumer-protection duties of seven federal agencies and oversight of 19 federal statutes.

In a statement, President Obama said: “American families and consumers bore the brunt of the financial crisis and are still struggling in its aftermath to find jobs, stay in their homes, and make ends meet. That is why I fought so hard to pass reforms to fix the financial system and put in place the strongest consumer protections in our nation’s history. Richard Cordray has spent his career advocating for middle class families, from his tenure as Ohio’s Attorney General, to his most recent role as heading up the enforcement division at the CFPB and looking out for ordinary people in our financial system.”

Obama added: “I also want to thank Elizabeth Warren not only for her extraordinary work standing up the new agency over the past year, but also for her many years of impassioned leadership, and her fierce defense of a simple idea: ordinary people deserve to be treated fairly and honestly in their financial dealings. This agency was Elizabeth’s idea, and through sheer force of will, intelligence, and a bottomless well of energy, she has made, and will continue to make, a profound and positive difference for our country.”

Turner GPA is one of the premier, highly respected government and public affairs firms in the nation. Turner’s state-of-the-art advocacy has earned them respect and acclaim from the media, clients, policymakers and even their competitors! Turner advocates on behalf of cutting edge businesses, municipalities, and non-profits that wish to ensure their perspectives and needs are taken into account in Washington, in state capitols and in City Hall, as well as in the media. The firm creates and implements intensely focused and targeted advocacy campaigns designed to meet and exceed its client’s expectations and goals. For more information on Turner GPA, visit www.turnergpa.com or call us at 202-466-2511.

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