The White House is zeroing in on close associates of law professor Elizabeth Warren, an outspoken critic of Wall Street, to head the new U.S. consumer financial agency, a source with knowledge of the discussions told Reuters. Full story
President Barack Obama has not yet selected the head of a new consumer financial protection agency, the White House said. Full story
Charlie Scharf, CEO of JP Morgan's retail financial services, tells CNBC's Melissa Francis shares insight on the mortgage business and principal forgiveness. "Our focus is helping people who want to pay and are having difficulties," he says.