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Op-ed, Morning Call – “We need to get ‘The People’s Bureau’ back into fighting shape”

I wrote an op-ed for the Morning Call on the Consumer Financial Protection Bureau (read here). Key quote:

“The People’s Bureau” is the first line of defense against unscrupulous businesses in the financial industry. Its job is to protect the American people, not big banks and credit card companies.

We need a president who will stand up for the CFPB and get it back into fighting shape. It is too important to be allowed to disintegrate. If we are to prevent the next financial crisis, we must use every weapon in our arsenal — and none is more powerful than the CFPB.