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A growing divide has emerged among Republicans over the possible nomination of Elizabeth Warren to head the new agency designed to protect borrowers from predatory lenders.
Leading Senate Republicans like Minority Whip Jon Kyl (Ariz.) and former Banking Committee Chairman Richard Shelby of Alabama oppose the noted consumer advocate and bailout watchdog, raising questions about her tenure atop the Congressional Oversight Panel and her past academic research into bankruptcy. But some of their colleagues have praised Warren for her work and her intelligence, fought efforts to water down the agency she may lead, and even introduced bills to give her more power to protect taxpayers.