Warren's first appearance as part of Obama team
By Brady Dennis
In her first official appearance as a member of the Obama administration, Elizabeth Warren on Tuesday appeared alongside Treasury Secretary Timothy F. Geithner at a forum aimed at simplifying of complicated mortgage disclosure forms that often inundate consumers.
The event took place Tuesday afternoon in Geithner's third-floor conference room inside the Treasury. About 30 stakeholders joined Geithner and Warren, including representatives from the banking industry, the mortgage industry, consumer advocates and other groups, such as AARP and the NAACP. Also attending the event were three administration officials who played central roles in helping usher the financial overhaul legislation through Congress over the past year - Diana Farrell, deputy director of the National Economic Council; deputy Treasury secretary Neal Wolin; and assistant secretary Michael Barr.
Geithner said one of the cornerstones of the Dodd-Frank financial overhaul bill signed in July was the creation of the new bureau to protect consumers. "One of the most important ways we can do that is to improve disclosure," he said. "Disclosure isn't going to solve all problems, but it is one of the most powerful tools we have for getting people better information so they can make better choices about how they borrow."
Warren, who on Friday was named a special adviser to Geithner and an assistant to the president, said "it's no secret to this group that consumers need good information so that they can make good decisions. That's what this undertaking is about." She said she viewed the forum with "great optimism, because it is my sense that there are many people at this table who really want to get to a much better place."
The meeting was scheduled to last about an hour, officials said, followed by smaller breakout sessions.
| September 22, 2010; 12:14 AM ET
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