A top White House official says Elizabeth Warren is "obviously a candidate" to lead a new consumer protection agency.
David Axelrod, senior adviser to President Barack Obama, told reporters on Friday that Warren is a champion for consumers and middle-class families. He said she helped inform the consumer-protection efforts that are part of the giant financial reform bill that Congress sent to Obama on Thursday.
The legislation calls for the creation of a consumer protection agency. Axelrod said Warren is certainly a candidate to lead it, but not the only one.
Warren now heads the Congressional Oversight Panel, which has been a watchdog over the Treasury Department's bank bailout fund.
Obama is expected to sign the bill as early as Wednesday.
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