In a Jan. 31 letter to Rep. Randy Neugebauer (R-Texas), Elizabeth Warren revealed that the current plan calls for the Consumer Financial Protection Bureau to have six primary divisions.
Despite the lack of a permanent director, the consumer financial regulator is gearing up for its June launch.
Saying she is "executing a fatally flawed plan," the lawmaker in charge of overseeing the new consumer agency asked point person Elizabeth Warren four pages of organizational and policy questions on the new consumer bureau.
Credit unions and other financial institutions are likely to face an added regulatory burden as a result of the regulatory overhaul bill passed by Congress this year.
WASHINGTON -- The new consumer agency will focus on stronger across-the-board, not targeted, regulations that will make the credit market function better and protect
WASHINGTON -- The new consumer agency will focus on stronger across-the-board regulations that will make the credit market function better and protect consumers, the agency's chief architect, Elizabeth Warren, said today.
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