AFL-CIO applauds the passage of the Wall Street Accountability Act and looks forward to the creation of the new Consumer Financial Protection Bureau – which has the potential to be a powerful and independent voice for consumers.

In our view, there is only one candidate who is uniquely qualified and equipped to head this new agency.  Harvard Law School Professor Elizabeth Warren originated the idea of the Consumer Financial Protection Bureau, and has proven as Chair of the Congressional Oversight Panel to be a strong and fearless advocate for the American public.  We therefore strongly urge President Obama to appoint Professor Warren as Director of the new consumer protection bureau.  Professor Warren’s appointment would make clear that under President Obama’s leadership, there truly will be accountability for Wall Street and fair treatment for the American public in the financial marketplace.

Contact: Josh Goldstein (202) 637-5018