Warren Accepts Consumer Protection Agency Role, Vows to End 'Tricks'
In a White House blog post this morning, Warren said she "enthusiastically agreed" to take the position of assistant to the President and adviser to Treasury Secretary Timothy Geithner.
Obama announced Warren's appointment this afternoon. She was the front-runner to head the new agency, despite fierce opposition from the financial industry. By naming Warren as an adviser, Obama will bypass a potentially tricky Senate confirmation.