Granholm reportedly shortlisted to head consumer protection bureau
The White House is considering Federal Reserve Governor Sarah Raskin and former Michigan Gov. Jennifer Granholm to head a new agency charged with protecting consumers of financial products, a source aware of the process said on Tuesday.

The consumer protection body will have broad powers to rein in abuses in the financial industry and was created in response to the aggressive and sometimes predatory lending practices that contributed to one of the worst financial crises in U.S. history in 2007-2009....