The following article by James Hohmann with Breanne Deppisch and Joanie Greve was posted on the Washington Post website November 28, 2017:
The White House and the Consumer Financial Protection Bureau are in a standoff over who will become its acting director: Leandra English or Mick Mulvaney. (Jenny Starrs/The Washington Post)
THE BIG IDEA: In 2007, a small quarterly journal published an article by a little-known bankruptcy professor at Harvard Law School named Elizabeth Warren that called for a “Financial Product Safety Commission” to protect Americans from predatory lenders and faulty mortgages the same way that the Consumer Product Safety Commission protects them from toasters that burst into flames.
Warren’s idea seemed prescient a year later when economic calamity struck, and Barack Obama pushed to include it in what became the 2010 Dodd-Frank law. As a special adviser to the Treasury Department, Warren brought the concept to lifein what’s now the Consumer Financial Protection Bureau. Continue reading “The Daily 202: Trump keeps giving in-kind contributions to Elizabeth Warren’s 2020 campaign-in-waiting”