More than 300 blog posts and six years ago, I examined the appointment of Elizabeth Warren to head Obama's new Consumer Financial Protection Bureau. More specifically on September 17, 2010, I wrote: "It does not take a genius to recognize that the next great government growth agency is the Consumer Financial Protection Bureau (“CFPB”). It is essentially a “start-up department.” As currently conceived, it will be under the treasury secretary, Timothy Geithner."
Warren has gone form Harvard professor, to head of the CFPB to Senator. Obama lifted her from the ranks of teacher to head the new bureau, funded as I recall with millions of dollars. Now, fast forward to 2016 and tell me what the CFPB has done for the consumer. The CFPB did, as I recall, require banks to use larger text size in their credit card information packets. Most of us by now have even forgotten that the CFPB ever existed much less did anything for the consumer.
I do not believe that the CFPB made every day count for us consumers, but it sure has counted for Warren. And now she is waiting in the wings for a Biden/Warren ticket and counting the days until Hillary withdraws. Meanwhile she is making every day count for her and making every day confrontational for Trump.
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