Elizabeth Warren is a lock for CFPA director, a White House aide tells Slate.

Warren was the chief architect of the Consumer Financial Protection Agency and once quipped, “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street.”

Fingers crossed.

Can She Manage? [Slate]

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.