Nation Conversations: Roane Carey and Ari Berman on Elizabeth Warren and the CFPB

Nation Conversations: Roane Carey and Ari Berman on Elizabeth Warren and the CFPB

Nation Conversations: Roane Carey and Ari Berman on Elizabeth Warren and the CFPB

Why does the bank lobby and the politicians in its pocket feel so threatened by the Consumer Financial Protection Bureau?

Facebook
Twitter
Email
Flipboard
Pocket

Why does the bank lobby and the politicians in its pocket feel so threatened by the Consumer Financial Protection Bureau?

With the July 21 deadline for the official launch of the Consumer Financial Protection Bureau looming, the bank lobby and the politicians in its pocket are ramping up their attacks on the Oklahoma-born Harvard law professor who first came up with the idea for the bureau: Elizabeth Warren. A key element of the 2010 Dodd-Frank financial reform legislation, the CFPB’s stated mission is to make it easier for consumers to understand financial fine print. So why are the bankers so scared?

In this Nation Conversation with managing editor Roane Carey, Ari Berman explains that Warren poses such a threat to the predatory financial industry because she’s a populist academic who can explain her ideas in commonsense language. For more on Warren and the fight to make the CFPB a reality, read Berman’s article in this week’s issue of The Nation.

Can we count on you?

In the coming election, the fate of our democracy and fundamental civil rights are on the ballot. The conservative architects of Project 2025 are scheming to institutionalize Donald Trump’s authoritarian vision across all levels of government if he should win.

We’ve already seen events that fill us with both dread and cautious optimism—throughout it all, The Nation has been a bulwark against misinformation and an advocate for bold, principled perspectives. Our dedicated writers have sat down with Kamala Harris and Bernie Sanders for interviews, unpacked the shallow right-wing populist appeals of J.D. Vance, and debated the pathway for a Democratic victory in November.

Stories like these and the one you just read are vital at this critical juncture in our country’s history. Now more than ever, we need clear-eyed and deeply reported independent journalism to make sense of the headlines and sort fact from fiction. Donate today and join our 160-year legacy of speaking truth to power and uplifting the voices of grassroots advocates.

Throughout 2024 and what is likely the defining election of our lifetimes, we need your support to continue publishing the insightful journalism you rely on.

Thank you,
The Editors of The Nation

Ad Policy
x