Consumer Law

I Want the CFPB to Be Like Elizabeth Warren

By Jeff Sovern

by Jeff Sovern

There's been a lot in the media about opposition to Elizabeth Warren to head the CFPB.  Here, for instance is one particularly interesting piece.  I have no idea if any of the reports are true.  But I do know that I want the CFPB to be just like Elizabeth Warren.  When I think of Elizabeth Warren, I think of someone who does the work to find out what the problems are, identifies the best solution to those problems, and works hard to make that solution a reality, even though it means offending powerful interests--which may be why there's opposition to her appointment (if there is opposition).   That's how we got the CFPB, and that's what we need in the CFPB.  We need an agency that bases its decisions on empirical realities rather than ideology.  Just like Elizabeth Warren.   And if that's what we want, shouldn't the CFPB be led by Elizabeth Warren? [Disclosure: I've never met or spoken to her; we've emailed a few times; once she asked me to write a response to an op-ed; and her co-worker has helped place some of my op-eds.]

Full post as published by CL&P Blog on July 19, 2010 (boomark / email).