July 25, 2012
One Year After Opening Its Doors, Consumer Agency Already Holding Financial Firms Accountable
Somerville, MA — A new radio ad highlights the work U.S. Senate candidate and consumer advocate Elizabeth Warren did to create the Consumer Financial Protection Bureau. The ad comes on the one year anniversary of the opening of the CFPB and two years after Warren was tapped to get the agency up and running.
Two years after President Barack Obama signed into the law the legislation to create the agency, it’s already protecting consumers, requiring credit card giant Capitol One to pay $210 million in refunds and fines for its deceptive practices.
The transcript of the ad follows. Listen to the ad here.