Warren, Geithner Look Past Tensions to Shaping Consumer Agency
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Elizabeth Warren, appointed last week to help set up a new U.S. consumer financial-protection agency, spent much of the past two years critiquing Treasury Secretary Timothy F. Geithner. Now, he will oversee her.
The Consumer Financial Protection Bureau, a watchdog for products from credit cards to mortgages, may be shaped as much by Warren’s ability to work with Geithner as by the financial firms and industry critics trying to steer its agenda. As leader of a congressional panel overseeing Wall Street’s bailout, Warren repeatedly faulted the Treasury Department’s actions and grilled Geithner -- once counting seconds as he testified.