WASHINGTON — On her final day as de facto leader of the Consumer Financial Protection Bureau, Elizabeth Warren sent an
The e-mail, which was obtained by American Banker, praises staff for their work to date in setting up the new agency, noting their efforts have received "glowing" reviews by government watchdog agencies. Although she is leaving to return to Harvard — and possibly a bid for the Senate — Warren said she will always remain committed to the CFPB and its mission.
"The issues we deal with — a middle class that has been squeezed and business models built on tricks and traps — are deeply personal to me, and they always will be," Warren wrote. "I will cheer as you open a new chapter in our ongoing push for a strong and independent CFPB. You can realize the vision of a 21st century government that holds law-breakers accountable and that enforces basic rules that make markets work honestly."
In the e-mail, Warren listed the accomplishments to date in forming the CFPB, noting its efforts in streamlining mortgage and credit card disclosures and a focus on the challenges facing military families.
" We organized the most aggressive and effective outreach effort anywhere in government to make sure that our goals were clear and we got as much input as possible from those who will be most affected by the agency's work," Warren said. "We organized an approach for connecting with consumers all across the country through our website, consumer response system, and more. And we did it all in full view, working with Congress and the media every step along the way to make sure the American people are engaged in our work and able to hold us accountable to our mission."
