Today President Obama will announce that he is appointing Elizabeth Warren to the new Consumer Financial Protection Bureau:

The President asked me, and I enthusiastically agreed, to serve as an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau.  He has also asked me to take on the job to get the new CFPB started—right now.  The President and I are committed to the same vision on CFPB, and I am confident that I will have the tools I need to get the job done.

When it comes to anything financial, Elizabeth Warren is right pick, but one big question still lurks; what will her job actually be? We know that her primary job is to setup the new bureau, but will she also run it once all is said and done? Hopefully we’ll get answers very soon.