Granholm says she isn’t candidate to lead consumer bureau

“This story says I’m under consideration for the CFPB job. I have declined to be considered for this post,” Granholm said in the post. “And by the way, while I don’t know Raskin and she may be great, I think nominating Elizabeth Warren is a fight worth waging.”

Warren, the Harvard law professor who currently is assisting the president in building the CFPB before it goes live in July, has served as the public face of the bureau for the last several months, but has not been nominated by the president to be its official director.

A longtime favorite of liberal and consumer groups, Warren would likely face a tough confirmation battle in the Senate if nominated.

Treasury Secretary Timothy Geithner, who is working with Warren to set up the CFPB, told lawmakers Tuesday that the administration has not nominated someone for the position yet because they are looking for someone who can be confirmed.

“We’re consulting with Congress,” he said before a Senate Appropriations subcommittee. “We want to nominate somebody who can be confirmed, and so that’s why it’s taking us a little bit of time.”