Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA) issued the following statement on President Obama’s decision to appoint Elizabeth Warren as Assistant to the President:

 

“I would like to offer three congratulations.  First, I would like to congratulate the President for making this great appointment. Second, I offer my congratulations to Elizabeth Warren, both for the work that she did to create the agency and for the fact that she will now have the opportunity to make it function as it was intended.  And third, I would like to congratulate American consumers, because nothing could be better news for them in terms of being protected in financial matters like home mortgages, bank accounts, and credit cards.  

 

“I am very proud of the work the Financial Services Committee did in order to bring about the creation of the Consumer Financial Protection Bureau.  Democrats created this agency over the strenuous objections of many entrenched special interests and nearly the entire Republican Party in Congress.

 

“I am very pleased that the President agreed with those of us who pushed hard for Elizabeth Warren to be appointed.  I look forward to working with her in her new position and to making sure that American consumers get the full benefit of the law we recently passed.”

 

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