Elizabeth Warren

The administration unveiled its sweeping proposal for a new Consumer Finance Protection Agency that will have oversight of everything from credit cards to tax advisors. Click here to download the full report.

A Financial Products Safety Commission to protect consumers when they acquire financial products like mortgages and mutual funds may be part of the Obama administration’s regulatory reform plan.

All of a sudden, Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, is everywhere – morning talk shows, news interviews and profiles, and even on the mock news program The Daily Show with Jon Stewart.

Banks receiving funds from the TARP may be charging higher rates and fees to consumers instead of fulfilling the program’s objective of making credit easier to access says Elizabeth Warren, Harvard law professor and chairman of the COP for TARP.