Dodd Pushing FDIC Chair Sheila Bair To Run Consumer Financial Protection Bureau

Banking Committee Chairman Pushing Bank Regulator To Run Consumer Protection Agency

Sen. Christopher Dodd approached Federal Deposit Insurance Corp. Chairman Sheila Bair in recent days to gauge whether she would be interested in running the new consumer-protection agency, according to people familiar with the matter.

The chairman of the Senate Banking Committee's behind-the-scenes courtship of Ms. Bair suggests he is trying to find a nominee who might win favor in the Senate. It will be Mr. Dodd's job to move the nominee through a preliminary vote on his committee and then defend the person's record on the Senate floor.

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