The Loneliest Voice in Washington Gets Company
TARP overseer Elizabeth Warren and her reforms make a comebackThis is Elizabeth Warren's big week. It could also be ours.
As Congressional leaders are putting the finishing touches on a financial services reform bill, the most controversial component is consumer protection. Will the bill create a strong agency charged with ensuring fairness in lending? Or, will Washington cave to the powerful banking lobby and produce a weak authority or scrap it altogether?
If we eventually get a cop on the beat where credit is sold to the public, you can thank, or blame, Ms. Warren, chairman of the Congressional Oversight Panel for TARP. For years she's been championing the rights of consumers against big bank interests.
"The protection agency is about people understanding credit agreements," Ms. Warren said in an interview. "It's not fancier than that. It isn't bigger or crazier than that."
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