Statement by Nancy Zirkin on Elizabeth Warren’s Appointment as Assistant to the President and Special Advisor to the Treasury Secretary

Elizabeth Warren’s appointment to oversee the establishment of the new Consumer Financial Protection Bureau (CFPB) is a clear sign that President Obama and his administration are serious about protecting consumers from the abusive and predatory Wall Street practices that brought our country to the brink of financial collapse.

In this position, Warren, a tireless advocate for consumers who conceived the idea for the bureau, will be able to mold a fair and effective agency that will close the Wall Street casino for good and provide working Americans — including vulnerable low-income families and communities of color — with the strongest financial protections possible.

While we applaud this appointment, we continue to believe that Warren should be appointed to be CFPB’s first director. We are confident that the president will continue working to overcome the unprecedented obstructionism in the Senate that’s blocked so many of his well-qualified nominees to make that happen.