Elizabeth Warren Fights for New Consumer Financial Protection Agency

I’m really happy to see my friend Elizabeth Warren out in front of new ideas to protect consumers from banks and lenders. Maybe the time has come that consumers will be entitled to some representation in government when it comes to banking products and the banking system.

Ms. Warren, for years a scourge of Wall Street, has emerged as an influential force in the administration’s overhaul of financial regulations. The White House said the agency she helped inspire would strengthen consumer protection in areas including credit cards, mortgages and other financial products. If approved by Congress, it would be able to write new rules governing how products can be sold.

Read the full article about Professor Warren and the CFPA here.

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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