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Washington
CFPB architect Elizabeth Warren to speak at GAC
WASHINGTON (1/6/11)--Consumer Financial Protection Bureau architect Elizabeth Warren will join a host of other high profile regulators and legislators when she speaks at the Credit Union National Association's (CUNA) upcoming Governmental Affairs Conference.
CUNA President/CEO Bill Cheney (left), CUNA General Counsel Eric Richard and Deputy General Councel Mary Dunn (right) posed with Elizabeth Warren (center) in the U.S. Treasury's offices following their September meeting. (CUNA photo)
Warren is Assistant to the President and Special Advisor to the Secretary of the Treasury on the consumer Financial Protection Bureau. She is currently working with the Obama administration to create the CFPB, an organization created under the Dodd-Frank financial reform legislation that will develop rules governing consumer financial products like credit cards and mortgages. CUNA President/CEO Bill Cheney and other CUNA representatives in September met with Warren to discuss a number of credit union issues. During that meeting, CUNA staff emphasized that their key objective in working with the new agency will be to minimize credit unions' regulatory burdens, costs and requirements. Warren welcomed CUNA's commentary on how both regulations and disclosures can be improved, and noted that improving the transparency and consumer-friendliness of many financial products would benefit credit unions. The GAC will be held at the Washington Convention Center, and will run from Feb. 27 until March 3. House Financial Services Committee chairman Rep. Spencer Bachus (R-Ala.), Rep. Debbie Wasserman Schultz (D-Fla.), are among those policy makers also scheduled to speak. The program will also feature political pundits and co-authors of The New York Times No. 1 best-seller "Game Change" Mark Halperin and John Heilemann. The GAC will open Sunday evening, Feb. 27 with a performance by classic rockers Three Dog Night, and will also feature a keynote speech Feb. 28 by "Miracle on the Hudson" pilot Captain Chesley B. "Sully" Sullenberger III. The GAC also will feature a political point-counterpoint between conservative commentator Mary Matalin and liberal Web commentator Arianna Huffington of the Huffington Post. Additional speakers from Capitol Hill and the regulatory agencies will be announced in coming weeks. To register for this year's GAC, use the resource link.


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