Report: Warren to be passed over as nominee to head Consumer Bureau

By Muriel Kane
Friday, July 15th, 2011 -- 9:29 pm

Bloomberg News is reporting as of Friday evening that President Obama has chosen somebody other than Elizabeth Warren to be nominated as director of the Consumer Financial Protection Bureau.

According to the report, which is based on an anonymous source, an unidentified individual who already works at the agency will be nominated instead.