'Unqualified and Untrustworthy': Knives Come Out Over Potential Democratic SEC Nominee

Also, CFPB looks to weigh in on credit card late fees; FSOC to meet next week; SEC schedules roundtable on modernizing IPOs.

Kudos to Dennis Kelleher for enlivening the summer doldrums by igniting a battle royal over a potential SEC nomination. The row, which the Better Markets president kicked off yesterday with a jeremiad about the “unqualified and untrustworthy” Christy Goldsmith Romero, has captivated much of the financial regulatory world. And the spectacle has only esca…