Warren Says Technology Can Prevent ‘Capture’ of Consumer Agency

Elizabeth Warren, the special adviser assigned to help set up the Consumer Financial Protection Bureau, said she is planning to use technology to prevent “capture” of the new agency by the industry it’s being created to oversee.

The regulator will “use supervision and lawsuits to enforce the law” while employing technology to “supplement the cop on the beat by building a neighborhood watch,” Warren said today in remarks prepared for delivery at the University of California at Berkeley.