White House Special Advisor Elizabeth Warren, who is currently tasked with setting up the Consumer Financial Protection Bureau scheduled to launch on July 21, appeared on The Daily Show on Tuesday, saying “the fight isn’t over.”
“We’ve got a broken financial services market,” Warren told Daily Show host Jon Stewart. “No one can tell the price of a credit card, people got tangled up in mortgages, part of what brought us to our knees two and a half years ago.”
Warren said the agency is aimed at making a financial market work for families, some of whom are on the brink of financial collapse.
In terms of the status of the CFPB formation, Warren said that the fight against the bureau is still going on. “The fight isn’t over. The fight moved from main street to the dark alleys,” she said. “Right now there are bills pending in Congress to delay, defund, and defang [the CFPB] and bills in both the House and Senate to kill the agency before it is able to take one step on behalf of middle class families.”
Watch the segment.
Written by Elizabeth Ecker