Who’s writing consumer protection legislation?
April 23, 2010 | federal legislation, industry, positive media coverage | Comments (0)According to this article, it’s Eric Stein, the Treasury official who used to run the Center for Responsible Lending:
An Obama Treasury department official behind the consumer protection language in the proposed financial reform legislation is a former head of the Center for Responsible Lending (CRL), the advocacy wing of a non-profit community development lender funded by none other than John Paulson — the billionaire who worked with Goldman Sachs to package bad mortgages into securities and offer them on the market.
President Obama’s deputy assistant secretary for consumer protection Eric Stein served as senior vice president of CRL. He also served as the President/SEO of CRL’s parent network, the Center for Community Self-Help.
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