Biden considering Warren ally for Fed banking regulator job

By Zach Halaschak

Published November 30, 2021 4:25pm ET

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Biden considering Warren ally for Fed banking regulator job — Richard Cordray speaks during the Ohio Democratic Party's fifth debate in the primary race for governor in Middletown, Ohio. | (AP Photo/John Minchillo)

President Joe Biden is reportedly thinking about nominating Richard Cordray to be the Federal Reserve’s top banking regulator.

Cordray, the former attorney general of Ohio, is a key ally of liberal Sen. Elizabeth Warren of Massachusetts, who appointed him to lead the enforcement division of the newly formed Consumer Financial Protection Bureau in 2010. He was later nominated by President Barack Obama to lead the bureau.

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Banks Biden Administration Elections Elizabeth Warren Federal Reserve Regulations