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Ralph Nader: Letter to President Obama on Professor Elizabeth Warren

Dear President Obama:

It is time for you to give taxpayers, consumers, and investors a reason to believe that you are truly interested in consumer protection by nominating Professor Elizabeth Warren to be the Director of the much-anticipated Consumer Financial Protection Bureau (CFPB).

Professor Warren combines rigorous scholarship, a superb sense of needed change and clear ways to communicate those needs to families and individuals around the country. Consumer leaders know that Professor Warren has been a strong and talented Chair of the Congressional Oversight Panel (COP) reviewing the current state of financial markets and the regulatory system.

In addition, Professor Warren had the vision and good sense to propose and advocate for the creation of an entity much like the Consumer Financial Protection Bureau. Continue reading.

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