Our website is set to allow the use of cookies. For more information and to change settings click here. If you are happy with cookies please click "Continue" or simply continue browsing. Continue.

Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

21 SEP 2010

Professor Warren appointed as special advisor of the new US Consumer Financial Protection Bureau (CFPB)

President Barak Obama, who was given his first academic post by bankruptcy scholar Professor Douglas Baird, has appointed another bankruptcy scholar to set up the Consumer Financial Protection Bureau (CFPB). Professor Elizabeth Warren of Harvard Law School is to set up the new organisation as a special advisor. The BBC are reporting that:

"By becoming an adviser rather than head of the agency, Mrs Warren avoids Senate hearings which may have stopped her nomination.

She has angered some lawmakers because of her strong criticism of banks.

A Harvard law professor, she made her acceptance statement on the White House Blog, saying "the time for hiding tricks and traps in the fine print is over. If the CFPB can succeed at levelling the playing field, we can go a long way toward repairing a gaping hole in the budgets of millions of families".

Mr Obama said that as the agency was Mrs Warren's idea, it made sense that she should be "the architect" working with Treasury Secretary Timothy Geithner to get it up and running..."

Individual Voluntary Arrangements

Individual Voluntary Arrangements

"This is the ultimate statement of where the law on IVAs is to be found in our great common law...

Available in Insolvency Law Online
Bankruptcy and Personal Insolvency Reports

Bankruptcy and Personal Insolvency Reports

"BPIR is an excellent series, of interest to both corporate and personal insolvency lawyers,...

More Info from £166.00
Available in Insolvency Law Online
Subscribe to our newsletters