Massachusetts Dems are wooing the president’s top pick as CFPB head to run for senate. Elizabeth Warren, busy laying the groundwork for the new agency (a deadline she must meet by July 21), would go head-to-head with Republican Scott Brown.

In response to a question about whether she would enter the race, a spokeswoman for the agency, Jen Howard, said Monday, “Elizabeth Warren is 100 percent focused on building the new consumer agency.”

Massachusetts has barred two Internet lenders.   When will these states understand that consumers need access to short term loans?  Barring a couple of lenders does nothing to solve the problem.  The answer is regulated store-front lending.

Boston Herald reports that state regulators are cracking down on internet lenders.  Just want to remind everyone that members of CFSA are required to follow the laws of the state of the borrower, per Best Practices.

Boston’s National Consumer Law Center and Washington’s Consumer Federation of America give the Bay State two F’s for giving their citizenry financial choices.  There is something very wrong with this picture.