(CNSNews.com) – The Obama administration named Holly Petraeus–wife of retired Gen. David Patraeus, who resigned last week as CIA director after revealing he had had an extra-marital affair–to $187,605-per-yer job in the newly formed Consumer Financial Protection Bureau (CFPB).
The CFPB, created by the Dodd-Frank law, was placed by that law under the umbrella of the Federal Reserve. The funding of the CFBP, which comes from the Federal Reserve, is not subject to congressional oversight.
Mrs. Petraeus became a member of the CFPB Implementation Team on Jan. 12, 2011. She is now the assistant director for the Office of Servicemember Affairs. Her position pays an annual salary of $187,605, according to the communications office of the bureau.
The communications office also confirmed to CNSNews.com that Mrs. Petraeus’ post at the bureau did not require congressional confirmation.
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