In early May, a group of 44 Republican senators sent a letter to President Obama that said they will not confirm any nominee for CFPB director unless structural changes are made.
With a July 21 start date nearing and no director yet in place at the Consumer Financial Protection Bureau, many are wondering what powers the agency will have and what work it will do.
What, exactly, will the Consumer Financial Protection Bureau do, and how will it benefit consumers?
Elizabeth Warren isn't alone. Long considered "the" candidate for the position of director of the Consumer Financial Protection Bureau - however challenging it may be to install her in the job - Warren is not the only person under consideration for the position.