Warren Is Clear Choice To Run New Consumer Agency ONE OBVIOUS reason President Obama should pick Elizabeth Warren to lead the Consumer Finance Protection Bureau is that the new agency was her idea to begin with. Created as a unit of the Federal Reserve by the recent financial-reform bill, the agency will have the ability to set rules for credit cards, loans, and other financial “products’’ that banks and similar institutions offer to consumers. It needs a leader who has a passion for protecting consumer interests — and who recognizes that doing so contributes to the health of the financial system. Warren is easily the best candidate for the position.
MOREYeah, I know DU and the progressive blogs think this is a no brainer, but it's so rare that a mainstream editorial board echoes our sentiments, I thought I'd point it out.
Sorry in advance if this is a duplicate post. I couldn't find any on a search.
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