Wednesday, January 5, 2011, 5:53 PM

Elizabeth Warren Poised to Hire Holly Petraeus as Director of CFPB Office for Service Member Affairs

Posted by: Chris Jones
According to a Washington Post report, Elizabeth Warren continues her effort to fill "key" positions within the Consumer Financial Protection Bureau with plans to hire Holly Petraeus, General David Petraeus' wife, to direct the Office for Service Member Affairs. Prior to Dodd-Frank passing, a debate raged as to whether certain automobile finance companies should fall under the regulatory power of the new Bureau. In connection with that debate, General Petraeus and others spoke about stories of which they were aware evincing predatory tactics being employed against service members and their families. Though many auto financing companies ultimately won exemption from regulation, apparently Congress was sufficiently impressed that service members need added protections and education that it included a special office for that purpose in the final Bill. And, now it appears that Ms. Petraeus, a military wife and mother of over three decades and accomplished champion of service members and consumer protection ideals as applied to them, is likely the individual that Elizabeth Warren intends to tap for the job at the Bureau. One strong woman, hiring another to lead an office devoted to protecting the men and women who themselves provide our security. Here's to wishing her great success.


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