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Consumer financial protection head visits Google, Silicon Valley firms


Elizabeth Warren took her coming Bureau of Consumer Financial Protection on a Silicon Valley road show this week.

Meeting with Google and other high-tech firms, a treasury official said that she will give a speech Thursday at the University of California at Berkeley that outlines her approach to consumer financial protection through Web and other tech tools.

She will meet later in the day with Google top Economist, Hal Varian, to talk about how to calculate a consumer price index. She will meet for lunch with 10-12 high-tech executives to also discuss ways for the bureau, to be launched in July, can use tools like heat maps and crowd sourcing technology to better inform consumers.

In an interview with the National Journal, Warren said: "In the old world, it would be up for the agency to come in, and you look very slowly through a sample of the banks to see what products they mailed out. And did they add a lot of fine print, nonsense by regulation that was not supposed to be there?[Now] all of the sudden you got information, and you got it much faster, and you have it more pinpointed and that becomes relevant for purposes of where you spend enforcement resources."

Warren arrived in Silicon Valley on Wednesday and will leave Friday morning.

By Cecilia Kang  | October 27, 2010; 6:35 PM ET
 
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