LANSING -- Former Michigan governor Jennifer Granholm could have a new job. According to Reuters, Granholm is one of two people being considered by the White House to head a new agency charged with protecting consumers of financial products. The other potential candidate is Federal Reserve Governor Sarah Raskin. The Consumer Financial Protection Bureau would be charged with reigning in abuses in the financial industry—including shoddy mortgage practices and excessive credit card fees.
Granholm currently advises the Pew Charitable Trusts on clean energy policies—last month, she was named to the Dow Chemical board of directors. The new agency is set to open in July.