Consumer Financial Services Alert - September 21, 2010 September 21, 2010
In This Issue

Elizabeth Warren to Assist in Establishing the Consumer Financial Protection Bureau

President Obama named Elizabeth Warren to serve as Assistant to the President and Special Advisor to the Secretary of the Treasury in connection with establishing the Bureau of Consumer Financial Protection. Ms. Warren has not been appointed director of the Bureau and her role does not require confirmation by the Senate. Click here for the related White House press release.

Designated Transfer Date for Consumer Financial Protection Bureau Set for July 21, 2011

The Secretary of the Treasury designated July 21, 2011 as the date for the transfer of functions to the Bureau of Consumer Financial Protection. On this date, certain authorities will transfer from other federal agencies to the Bureau, and the Bureau will be able to exercise certain additional, new authorities under the Consumer Financial Protection Act of 2010 and other laws. Click here for the related Federal Register notice.