Chicago Sun-Times
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Obama sidesteps Senate fight: taps Elizabeth Warren to launch Consumer Financial Protection Bureau

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WASHINGTON--President Obama found a way Wednesday night to sidestep a Senate confirmation blockade and install Elizabeth Warren to launch the newly created Consumer Financial Protection Bureau. Warren was the first to suggest that consumers needed a government watchdog to prevent financial institutions from exploiting and tricking their customers. HOPE SHE WORKS ON TRANSLATING the small print INTO PLAIN ENGLISH.

From a Democratic official: " President Obama is appointing Elizabeth Warren to be an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. In this role, Ms. Warren will report directly to the President and to Secretary Geithner and lead the Administration's work in standing up the CFPB, a task that was assigned to the Treasury in the Wall Street Reform Act."

1 Comment

We need somewhere to go to talk to someone in plain english about situations where we think banks/mortgage lenders have taken advantage of us and maybe talked us into things we didn't understand or were glossed over at time of signing.

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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on September 15, 2010 7:25 PM.

Asian Carp summit at White House: Chicago area waterway projects was the previous entry in this blog.

Obama vows to fight for DREAM Act at Cong. Hispanic caucus gala. Transcript is the next entry in this blog.

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