(Bloomberg) -- Sen. Elizabeth Warren, the Massachusetts Democrat credited with conceiving the Consumer Financial Protection Bureau, said confirmation of a director for the agency is both a major step and a call to vigilance.

“This is a monumentally important week for the CFPB,” Warren said in remarks prepared for an event marking the second anniversary of the agency created by the Dodd-Frank Act. “But there’s still a lot of work to be done, and so long as the CFPB sides with American families over large financial institutions, there will be forces looking to undo its work.”

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