9/30/2010

Elizabeth Warren, the Harvard professor recently appointed by President Barack Obama to help create the Consumer Financial Protection Bureau, extended an olive branch to the banking industry when she spoke at an industry event Wednesday night attended by Richard Hunt, CBA president, and Steve Zeisel, CBA general counsel. "Some of you may have noticed that I have not kept my opinions to myself about where I think the financial industry has gone wrong. And I notice that some of you have not kept your opinions to yourself about me," Warren said. "But there is something you may want to know: I come to Washington as a genuine believer in markets and a genuine believer that the purpose of regulating the consumer credit market is to make that market work for buyers and sellers alike."

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