Unions plug Warren for consumer protection chief

[ProSense]

Unions plug Warren for consumer protection chief

By Kevin Bogardus

Unions endorsed Elizabeth Warren Tuesday to head the new consumer financial protection agency.

In a statement, the AFL-CIO said Warren was “uniquely qualified and equipped” to head the agency, which was created by the new financial services reform bill that President Obama plans to sign Wednesday. The Harvard Law School professor originated the idea of the agency.

“We therefore strongly urge President Obama to appoint Professor Warren as Director of the new consumer protection bureau. Professor Warren’s appointment would make clear that under President Obama’s leadership, there truly will be accountability for Wall Street and fair treatment for the American public in the financial marketplace,” the AFL-CIO statement says.

Also, the Service Employees International Union (SEIU) is supporting Warren to be consumer protection chief. In a personal meeting with Treasury Secretary Timothy Geithner on Tuesday, SEIU President Mary Kay Henry plans to push for Warren to head up the agency, considering her an “excellent choice,” according to a union official.

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SEIU: Elizabeth Warren is the Right Person to Head the CFPB

By Marcus Mrowka

Just released:

What do America's families need? We need banking products that help us buy a home, help us save for retirement and our children's education. We need an end to trick mortgages, an end to predatory bank and overdraft fees, and an end to credit card contracts that require a law degree to understand.

The Wall Street reform bill being signed into law this week creates a new consumer watchdog to end the predatory practices Wall Street used to plunge our country into economic misery. And Elizabeth Warren is the right person to be America's new consumer protector in chief.

Warren has spent her entire career fighting for the interests of working families and supporting policies to help rebuild our middle class. In fact, Warren even came up with the concept of a new consumer watchdog. As head of the new Consumer Financial Protection Bureau, she'll work each and every day to stand up to Wall Street and demand commonsense financial products that will protect us from the next economic meltdown.

[Bitwit1234]

1. OH this reminds me.

Yesterday or the day before yesterday I was going thru the channels and caught this nugget....O'Reilly was egging on a guy who was complaining about the UNIONS being able to spend a lot of cash in these coming elections. WHAT A DAMN JOKE. Unions don't spend 1/10 of the money all those corporations are dumping into the republicans.

[ProSense]

2. No other comments? n/t