By Donovan Slack, Globe Staff
WASHINGTON -- Massachusetts Attorney General Martha Coakley is one of four state prosecutors involved in discussions about the director's job at the new federal Consumer Financial Protection Bureau, sources told Bloomberg news.
Harvard Professor Elizabeth Warren, who is setting up the new bureau, has spoken with Coakley and attorneys general from Illinois, Iowa and North Carolina about the position, although there were no formal interviews conducted and no job offers discussed, two people briefed on the conversations told Bloomberg.
Coakley's office declined to comment on the discussions but said she is not interested in being the director of the federal consumer agency.
"Martha looks forward to working with the new agency as attorney general for the next four years," spokesman Corey Welford told The Globe.
A spokesman for Warren declined to comment on the report.
Warren, special assistant to President Obama and adviser to Treasury Secretary Timothy Geithner, is charged with standing up the new consumer agency by July 21. The director ultimately would have to be appointed by Obama and confirmed by the Senate, a process that could take months, suggesting that a search for the right candidate could already be underway.
Coakley and Warren have known each other for years and co-authored an opinion piece in 2009 arguing that the country needed the new federal consumer agency.
The Dodd-Frank financial regulatory overhaul law passed last year included the creation of the Consumer Financial Protection Bureau. The president appointed Warren in September to oversee its creation but did not make her director of the agency, thereby avoiding a contentious confirmation battle in the Senate that many believed wouldn't go Warren's way.
Donovan Slack can be reached at email@example.com.
About Political Intelligence
Glen Johnson is Politics Editor at boston.com and lead blogger for "Political Intelligence." He moved to Massachusetts in the fourth grade, and has covered local, state, and national politics for over 25 years. E-mail him at firstname.lastname@example.org. Follow him on Twitter @globeglen.