by altara, Sat Jul 31, 2010 at 07:05:02 AM EDT
Consumer Financial Protection Bureau
Two recent news items highlight the need for this bureau and for a strong person to lead it. One is an account of attempts to stop payment on a check. The bank imposes a $30 fee and then $30 each subsequent six-month period to keep it in effect. The other report shows how some insurance make survivors under military policies believe that they are getting the money while the insurer keeps the funds and earns a good return on it.
So let's get the agency started with the best person to lead it, Elizabeth Warren. Filibuster threat? Obama should make them try. The charge that she is an activist? Exactly what we need - an activist working on the side of consumers.