Tuesday, May 3, 2011

ABA President Will Support Elizabeth Warren If She Is Nominated to Head the CFPB

Frank Keating, the President of the American Bankers Association,  just announced in a speech that he would back Elizabeth Warren if she were nominated by the President to run the Consumer Financial Protection Bureau, reports FDL.

This follows the same statement earlier this week made by Camden Fine, President of the Independent Community Bankers Association.


Bottom line: Warren continues to show her shrewd political skills by lassoing these two endorsements. Bankers hate her, yet, she somehow gets the endorsement of these two powerful banker trade groups. What deals has she cut to get these guys in line?

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