WASHINGTON, July 20 - Sen. Bernie Sanders (I-Vt.) urged President Obama to pick Elizabeth Warren to be the first director of a new consumer protection bureau.
Obama on Wednesday plans to sign into law a bill overhauling financial regulations that would create the new Bureau of Consumer Financial Protection.
In a letter sent to the White House on Monday, Sanders wrote that "at a time when doubts about Wall Street and its practices run very deep ... American consumers need a federal government that is looking after their best interests."
Sanders acknowledged that some senators may oppose Warren. "Good!" he wrote. "It will allow for a serious debate as to the role that government should play in protecting the American people against the outrageous behavior we have seen on Wall Street."
For a copy of the letter, click here.
To view the senator's petition, click here.