Theyalsowanted to limitfundingfor the establishmentof the newConsumerFinancialProtectionBureauandblock the EnvironmentalProtection Agency from enforcingcleanairandwaterrules.
In the wake of the financial crisis of 2008, Warren brainstormed what would become the ConsumerFinancialProtectionBureau as a way of protecting consumers against the predatory financial services industry and was brought to Washington D.
President Barack Obama just named Harvard Professor Elizabeth Warren, who came up with the idea of a ConsumerFinancialProtectionBureau, as head of the new federal agency.
This proposal complements the ongoing efforts of the ConsumerFinancialProtectionBureau and the Department of Justice to implement reforms that will prevent the mistakes of the housing bubble from repeating themselves and provide homeowners with a Bill of Rights.