Warren Says Current Rules Provide Only Temporary Relief from Abuses
December 13, 2010
As a new regulator, the Bureau of Consumer Financial Protection has a chance to fundamentally change the way mortgage credit is explained and provided and not just depend on narrow rules that ban the latest abuses, according to Elizabeth Warren, chief architect of the fledgling agency. In recent remarks to the Consumer Federation of America, the special adviser to the president and the Treasury Department said...