Holly Petraeus, wife of the top NATO commander in the Afghanistan war, is expected to be named this week to a post with the newly created Consumer Financial Protection Bureau, specializing in protecting military families from predatory lenders.
The Huffington Post
on Tuesday reported the likely move. The start up of the financial consumer-protection agency, a key element in the new Wall Street reform law, is being overseen by Elizabeth Warren
, an assistant to President Obama and adviser to the Treasury Department. Petraeus' husband, Gen. David Petraeus, leads the U.S. war effort against the Taliban insurgency in Afghanistan.
On her own, Holly Petraeus heads the Better Business Bureau's Military Line
, a consumer information program, and is known as a strong advocate for military families. Sources told the Huffington Post that her selection is tied to an administration effort to combat unscrupulous lending companies that prey on vulnerable Americans, already struggling in a weak economy.
Last year in USAA Magazine
-- an insurance industry publication -- Holly Petraeus said, "You see that strip outside installations -- the pawn shops, the tattoo parlors, the shady auto dealers. I once heard those businesses described as bears lined up at a trout stream."
Gen. Petraeus was named to the critical Afghanistan post last year by President Obama -- and he is widely respected in Washington by Republicans as well as Democrats. The Petraeus's have been married for 36 years.