After getting overlooked as the CFPB director nominee, Elizabeth Warren is heading back to Cambridge.

Warren, who served both as a White House adviser and adviser to Treasury Secretary Timothy Geithner on the CPFB, will return to her teaching job at Harvard, the Treasury Department said Tuesday. Treasury also confirmed that Raj Date will replace her as an adviser to Geithner, effective August 1.

“Professor Warren has done an extraordinary job standing up the Consumer Financial Protection Bureau,” said Treasury Secretary Tim Geithner in a statement. “Her efforts to simplify mortgage and credit card disclosures, protect military families from abusive and deceptive financial practices, and bring aboard top talent like Richard Cordray and Raj Date have built a strong foundation for the Bureau’s future success.”