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U.S. PIRG Consumer Blog
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July 18, 2009
Elizabeth Warren's new Youtube video on consumer agency
 Professor Elizabeth Warren, who first proposed the idea of the Consumer Financial Protection Agency, has made a new Youtube video on the need for the agency. Over at Business Week, she also has an oped explaining why Consumers Need a Credit Watchdog. We were both interviewed for a CNN story yesterday -- I haven't found the video but the story is available: New consumer protection agency meets resistance. Excerpt:
However, the proposed agency is running into some resistance from the financial services industry. According to one of the industry's top lobbyists, stopping the agency is "our No. 1 priority." Well, "some resistance" is an understatement, as the industry is claiming the bill threatens our financial system. Wait, they've already destroyed that. Actually, it threatens their campaign-cash driven hegemony over our financial system that helped lead to the collapse. That's why passing the proposal into law is the top priority of U.S. PIRG, Elizabeth Warren and the 200-group strong Americans for Financial Reform. You can sign our action petition here.
Posted by Ed Mierzwinski at July 18, 2009 03:34 PM
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