March 24, 2010

Elizabeth Warren promotes a consumer financial protection agency

Law School professor and congressional adviser Elizabeth Warren promotes a Consumer Financial Protection Agency.

As Congress turns its attention to a financial regulatory overhaul, one provision under consideration is the creation of a Consumer Financial Protection Agency to regulate mortgages and credit cards. Gottlieb professor of law Elizabeth Warren--now on leave to serve in Washington as head of congressional oversight for the Troubled Asset Relief Program--is described as, unofficially, that possible agency’s "chief conceiver" and "booster" in a just-posted New York Times profile.

To learn more about Warren’s views on the condition of middle-class Americans, and her case for a consumer financial protection agency, see these articles from Harvard Magazine’s archives:

The Middle Class on the Precipice (from the January-February 2006 issue)

Making Credit Safer (from the May-June 2008 issue)

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