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News Link • Obama Administration

What is Elizabeth Warren’s new role?

• The Upshot

President Obama announced today that legal scholar Elizabeth Warren will lead the efforts to found the new Consumer Financial Protection Bureau (CFPB) created by the new financial reform law.

The move has raised eyebrows around Washington, since Obama has essentially created a new advisory post for Warren, who presently heads the Congressional Panel on TARP Oversight. The idea in the administrative reshuffling atop the new agency is to sidestep what the administration decided would be a contentious and possibly losing Senate confirmation battle. 

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