For those of you who do not know about Elizabeth Warren’s expertise in consumer finance, here she is explaining how the Consumer Finance Protection Bureau is trying to simplify various consumer financial forms. The CFPB is the agency that Warren fought to have created and which she set up. The Republicans were too protective of the banks to let her run the agency, that is why we get to voter for her as the U.S. Senator for Massachusetts.
On her Facebook post about this video, she says:
On Wednesday, I met with a small group in Charlestown to talk about protecting consumers from tricks and traps hidden in the fine print of consumer loans. One person asked why banks and credit card companies aren’t forced to write in simple language that everyone can understand. Here was my response.