Elizabeth Warren and the Consumer Advocacy Agency

Wednesday, June 24, 2009

Elizabeth Warren, the Chairwoman of the Congressional Oversight Panel that monitors how the government spends its TARP (Troubled Asset Relief Program) money, has spent her career advocating for the American consumer. She supports the administration's proposed consumer financial protection agency, saying that consumers need clearer descriptions of their credit cards' rules and of financial products that they might invest in. The Takeaway talks with Elizabeth Warren about her hopes for the new consumer protection agency.

Click through for transcript

"One of my favorites to think about is to think about how toasters are regulated. They’re regulated for the kinds of things that consumers can’t see...In effect, we’re kind of in the same position right now with a lot of our credit products."
—Prof. Elizabeth Warren on the proposed creation of a consumer financial protection agency

Guests:

Elizabeth Warren

Contributors:

Jen Poyant

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