One other person she has not yet won over: Barack Obama. The President has not nominated her to head the bureau. Instead, last fall he gave her the title of special assistant to the president and special adviser to the Treasury and tasked her with getting the place up and running. For now, she is the non-head of a non-agency.
Not sure that’s entirely true. Don’t think President Obama would’ve put Warren in charge of getting things up and running if she hadn’t already won him over. And in any case, Obama definitely won Warren over–as the Pundit reported in May.
MSNBC host Cenk Uygur speaks with Adam Green of the PCCC about their efforts to push President Obama to do a recess appointment of Elizabeth Warren to the CFPB.
Gonna be in DC Monday? According to this press release, Rep. Barney Frank will be providing a report from the congressional front line on the developments with the CFPB.
TOPIC: “Report from the Front Line of Financial Reform”
The CFPB is calling for comments on its comment intake, according to the ABA’s Dodd-Frank Tracker.
The forms used in the process are being developed to collect the contact information, substance of the complaint, type of contact and related information.
Comments on the intake process are being accepted on or before August 1, 2011.
Credit unions are urging the CFPB to make them the exception to the potential burdensome regulation that the new agency could put in place.
“Special consideration should be given to ensure that rules aimed at financial institutions with different corporate structures, different products and different financial incentives do not create unintended consequences for not-for-profit credit unions,” NAFCU Associate Director of Regulatory Affairs Dillon Shea wrote in a comment letter.
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CUNA Deputy General Counsel Mary Mitchell Dunn wrote that credit unions are in favor of reasonable consumer protections but urged the bureau top minimize the new requirements with which credit unions have to comply.
The Daily Caller has pointed out that Elizabeth Warren rushed out of a Congressional Oversight hearing to meet with fellow Treasury Department employees and to conduct a media interview with Vanity Fair.
Want a new place to gather some intel on the CFPB? Jonathan Foxx, president of Lenders Compliance Group, has created a blogspot to serve as a “discussion forum” for all things CFPB. The CFPB Forum, as it is called, is not associated or affiliated with the new agency that opens its doors later this month.
“I welcome proposals for news and articles to be posted on the CFPB Forum. Please contact me via e-mail at JFoxx@lenderscompliancegroup.com to make arrangements.”