It may be one of the few times when a faculty position atHarvard Law School is a consolation prize.

Elizabeth Warren, who has been leading the set up for theConsumer Financial Protection Bureau (CFPB) but wasn't nominated tohead it, will be leaving the Obama administration at the end of themonth to return to her endowed professorship at Harvard Law School,the Treasury Department announced.

Rajeev Date, the bureau's associate director of research,markets and regulations, will run the bureau's day-to-dayoperations until the Senate confirms a director.

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