“I also want to thank Elizabeth Warren not only for her extraordinary work standing up the new agency over the past year, but also for her many years of impassioned leadership, and her fierce defense of a simple idea: ordinary people deserve to be treated fairly and honestly in their financial dealings,” he said in the statement. “This agency was Elizabeth’s idea, and through sheer force of will, intelligence, and a bottomless well of energy, she has made, and will continue to make, a profound and positive difference for our country.”
Warren’s schedule, which is available to the public, has provided hints that she may be considering running against Sen. Scott Brown (R-Mass.) in 2012. She has recently met in person or spoken on the phone with Democratic Senatorial Campaign Committee Chairwoman Patty Murray (Wash.), Obama adviser David Axelrod, Sen. Charles Schumer (D-N.Y.), Sen. John Kerry (D-Mass.), and Massachusetts Democratic Reps. Barney Frank, Stephen Lynch and John Tierney.
Cordray was named CFPB enforcement director after he lost his re-election bid in November. Obama will officially announce Cordray’s nomination to the director’s post Monday, and the bureau officially launches Thursday.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.