July 16, 2010 / 7:27 PM / 9 years ago

US's Geithner: Warren qualified to head consumer bureau

WASHINGTON, July 16 (Reuters) - U.S. Treasury Secretary Timothy Geithner considers consumer rights advocate Elizabeth Warren well qualified to head a new financial consumer watchdog bureau, a Treasury Department spokesman said on Friday.

“Given her strong leadership on consumer protection, Secretary Geithner believes that Elizabeth Warren is exceptionally well qualified to lead the new bureau, and, ultimately, that’s a decision the president will have to make,” Treasury spokesman Andrew Williams said.

Williams said Warren has been “a driving force behind the creation of the consumer financial protection bureau” that will be created as part of the financial regulation reform bill approved by Congress on Thursday.

Reporting by Glenn Somerville, Editing by Chizu Nomiyama

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