Elizabeth Warren is ready to start

elizabeth_warren_portrait.top.jpgElizabeth Warren is in charge of setting up the nation's first consumer financial protection agency. By Ben Rooney, staff reporter


NEW YORK (CNNMoney.com) -- Elizabeth Warren told CNN's John King on Friday that she is eager to begin setting up the nation's first consumer financial protection bureau, but she stopped short of confirming that she will eventually be put in charge of the agency that was her brainchild.

President Obama appointed Warren earlier that day to be a special adviser in charge of building the Consumer Financial Protection Bureau that was a key part of the Wall Street reform bill the president signed into law in July.

In an interview with King on CNN, Warren said she wants to start work as soon as possible.

"I want to worry about Monday," she said. "I want to worry about this week and the week after, about getting this thing started."

But Warren could not say where she would be after the agency is up and running in July 2011.

"Where we are in three months is something I'm not -- I'm not clear about," she said. "I know the direction I want to go, but I'm sure not clear where we're going to be in a year."

Warren's appointment does not mean that she will be the official director of the bureau once it's up and running, but she will have say in who gets the job, Obama said Friday.

Responding to criticism that her appointment circumvents the Senate confirmation process, Warren told King that statutes in the financial reform bill allow for her to begin work before being confirmed in order to avoid delays.

"The statute is clear," she said. "It actually is structured to say get going on the agency now, and when you can go through the confirmation process and get somebody confirmed then it will be the time to ... hand it from Treasury over to the new agency independently."

Warren also responded to criticisms that she is overly liberal and unfriendly to the banking industry.

"There are some bankers who like me," she said. "People who want to put out good, simple products that folks can understand and understand the price, understand what the risks are, exercise their own personal responsibility about whether or not they want to do it."

--CNNMoney.com senior writer Jennifer Liberto contributed to this report.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,778.15 421.28 2.43%
Nasdaq 4,748.40 104.09 2.24%
S&P 500 2,061.23 48.34 2.40%
Treasuries 2.20 0.06 2.61%
Data as of 11:25pm ET
Company Price Change % Change
Bank of America Corp... 17.53 0.27 1.56%
Apple Inc 112.65 3.24 2.96%
Oracle Corp 45.35 4.19 10.18%
General Electric Co 25.14 0.71 2.91%
Microsoft Corp 47.52 1.78 3.89%
Data as of 4:03pm ET

Sections

Russia's economic turmoil has already spread to companies in the West and many brands are bracing for a bigger blow to earnings. More

The shale boom has been a blessing to Texas, but tumbling oil prices are casting a shadow over the state. More

Portland's mayor says the city will create new rules, eventually allowing Uber to operate there. More

With two recent IPOs and a digitally-inclined audience of entrepreneurs, non-traditional financing could finally get its big break. More

Payday lenders are spending millions of dollars in Washington in an attempt to get powerful politicians on their side as a government crackdown on the industry heats up. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.