LA Times:Q&A with Elizabeth Warren: 'The changes are starting now'

[cal04]

The Harvard professor appointed to set up the Consumer Financial Protection Bureau says the new agency is already making a difference.
http://www.latimes.com/business/la-fi-elizabeth-warren-20101027,0,560131,full.story

(snip)
Warren, 61, a Harvard Law School professor, sat down with The Times this week to discuss her priorities and the financial issues facing consumers. The edited transcript:

When do you think consumers will start seeing the impact of this agency?

Now. The fact that the agency is now in place means that a number of credit providers are starting to reexamine their business models for long-term sustainability in a world with a cop on the beat. So I think the changes are starting now.

Can you point to any specific changes?

Look at the credit card offerings online and note how many are trying to advance the notion of clarity, simplicity and the absence of tricks or traps. That's a direct response to the impetus that created the consumer agency.

(snip)

Are you concerned about what Republicans might do should they take majority control of the House or the Senate?

This agency has enemies, political and economic. That won't change what I do. I'll keep working every single minute to build a strong, independent agency to represent American families.


more at link

[defendandprotect]

1. Good news -- keep at it !!

[midnight]

2. Thank you for this link.... I will see if I can find more news about turning

around the forclosures....

[gateley]

3. For the second time today, I'm posting I'm SOOOOOOOO glad she's there! nt

[Cant trust em]

4. So Warren is having an impact after Obama and Geithner shoved her into this inferior job?

At least that was the meme going around here a few weeks ago.

[elleng]

6. Right, b.s. 'meme.'

She's CREATING the agency!

[dkf]

5. That is what we need...a cop on the financial beat.

We need it all throughout the industry too. I wonder if she can do anything on the mortgage shenanigans.

[HCE SuiGeneris]

7. President Warren

2016

[CaliforniaPeggy]

8. Now, that's an idea that I can really go for!

[HCE SuiGeneris]

9. It would be awesome!

And, I think it could be a distinct possibility. Only problem is, she may be too smart to want the job...