Housing group applauds Warren appointment

Consumer watchdog bureau to be set up by mid-2011

A slew of public advocacy groups, including the National Fair Housing Alliance, applauded President Obama’s appointment of Harvard Law professor Elizabeth Warren to lead a new consumer protection agency Friday.

Warren is now assistant to the president and special advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau created under the Wall Street Reform and Consumer Protection Act signed in July. She will take on the job of setting up the new bureau by mid-2011, including recruiting staff, initiating policy and helping choose the bureau’s first director.