- Previewing a hearing he’s holding today on the new Consumer Financial Protection Bureau, House Oversight Committee Chairman Darrell Issa told Fox Business yesterday that he plans to grill Professor Elizabeth Warren, who is setting up the Bureau as a special assistant to the president and could be nominated as its first director. Bank lobbyists and predatory lenders have lined up to generate opposition to Warren, who is a noted consumer advocate.Issa’s hearings, as well as several GOP proposals to limit her power or scuttle her nomination, are viewed as part of an industry-led campaign to cripple Warren’s ability to rein in abusive practices in the credit card, mortgage, and related lending businesses. During the interview, Issa let his sympathies be known to world when he said that he feared Warren could “bully” the banking industry:
Similar Posts:
- Changes in Free Credit Scores Using Debt Consolidation Services
- What to Look for in a Debt Settlement Company
- 2 Best practices the debt collectors need to follow
- Lawmakers not likely to evict Fannie, Freddie
- Credit Cards—Make or Break Your Financial Future These 3 Tips
