WASHINGTON — The woman leading the setup of the new Consumer Financial Protection Bureau said she hopes to work closely with credit unions and if “this thing works out right, consumers and credit unions will be on the same side of the line.”

Elizabeth Warren, who President Obama named as a top adviser to him and Treasury Secretary Timothy Geithner, told NAFCU’s Congressional Caucus that the administration’s goal is to ensure functioning credit markets for consumers. She also said the country can’t work well “without a robust and diverse banking system,” and the end result won’t be a single model for financial services providers.


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