Elizabeth Warren Can't Catch A Break For The CFPB

Wednesday, March 16, 2011 23:25
Elizabeth Warren Can't Catch A Break For The CFPB

Tags: Congress | Dodd-Frank

Another tense day in Washington for Elizabeth Warren forced her to yet again defend the Consumer Financial Protection Bureau from enemies in Congress looking for a scandal in the making.

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This time around, Warren had to argue against claims that the CFPB has already overstepped its authority -- months before it was originally scheduled to start operating -- to fine mortgage lenders who improperly foreclosed on homeowners.


Her own interest in the affair was also brought into question.


I've met Professor Warren and have never considered her anything but a well-meaning academic "rock star" who truly wants to protect consumers from abusive practices.


Maybe she's changed or there's something I don't know lurking in her background, but if there is, I'd love to know what it might be that makes people hate her so much.


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