I believe that an empowered consumer is a consumer who can not only protect himself or herself but one who can change the market.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
We are trying to get this product right, and we have had a lot of cooperation from the credit card companies.
And in response to this crisis, with overwhelming support from the American people, we created the CFPB, and it is carefully constructed, urgently needed, and should be allowed to go into operation as planned by the bill that was signed…
When the Treasury came to me and said we would like your advice, I was glad to.
We are really trying to develop more effective complaint resolution in the consumer agency on a product-by-product basis.
But we are capped, and there is only a certain amount of money that comes to this agency to carry out its functions before we would be forced to go into the political process.
we have seen very little accountability among the largest financial services providers
the role in ongoing mortgage settlement negotiations was limited to 'advice.'





