Network News

X My Profile
View More Activity

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
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Cablevision subscribers shut out for game one of World Series
Next: Google Street View privacy flap shows growing rift between U.S., E.U.

No comments have been posted to this entry.

Post a Comment

We encourage users to analyze, comment on and even challenge's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.

characters remaining

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company