* Warren will have role in forming new consumer bureau
* No decisions have been made on size of agency
CHARLOTTE, N.C. Aug 4 Harvard University law
professor Elizabeth Warren will play a role in consumer
protection regardless of whether she is chosen to lead a new
U.S. consumer financial agency, a Treasury official said on
"The President has made clear that if she is or isn't the
nominee, she will have a central role to play," Michael Barr,
assistant secretary for financial institutions, said in
response to a question following a speech in Charlotte.
Warren has been a vocal supporter of the Consumer Financial
Protection Bureau, a key plank in Congress's financial reform
bill passed in July.
The new agency will oversee a range of consumer-facing
financial businesses, including mortgage lending, payday loans
and check cashing businesses.
Barr declined to comment on reports he could be named to
He also said no decisions had been made yet on the size or
budget of the new regulator.
The new bureau, being organized by the Treasury, will be
operational "in the coming months," Barr said, without
providing a specific target date.
Barr said the Treasury is still defining how large the
bureau will be.
"We're starting from the ground up," Barr said. "We're not
starting with a big number or a small number."
(Reporting by Joe Rauch; Editing by Paul Simao)