Senate Democrats largely supported the idea of appointing Elizabeth Warren as the temporary head of the Consumer Financial Protection Bureau, with one key exception — Banking Committee Chairman Chris Dodd — who joined Republicans in arguing such a move would be a "mistake."

Democrats generally endorsed Warren's leadership on Tuesday, saying the White House should use any method possible to appoint her as leader of the consumer agency. American Banker reported Monday that the Obama administration is considering appointing Warren as temporary head of the agency, sidestepping a potentially bruising confirmation battle.

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