Consumer Bureau’s Warren Filled Early Schedule With Bankers
In her first six weeks on the job, Elizabeth Warren, the special adviser charged with setting up the Consumer Financial Protection Bureau, spent a lot of time with bankers and their representatives. She devoted less time to meeting with activists that have been her strongest supporters.
Warren, 61, a native Oklahoman, met with the Oklahoma Bankers Association on her first day on the job Sept. 20, and in subsequent weeks covered the landscape of finance industry lobbyists in Washington, according to appointment calendars released by her office today.
She held meetings with the National Association of Federal Credit Unions, the Financial Services Roundtable, the American Bankers Association, the Financial Services Forum, the Securities Industry and Financial Markets Association, the National Retail Federation, the Consumer Bankers Association and the Independent Community Bankers of America.
Before the end of October, she had met with a parade of banking chief executive officers: Jamie Dimon of JPMorgan Chase & Co., Vikram Pandit of Citigroup Inc., Richard Davis of US Bancorp Inc., Ed Clark of Toronto Dominion Bank, Kenneth Chenault of American Express Co., John Stumpf of Wells Fargo & Co. and David Nelms of Discover Financial Services. She also spent time with Niall Booker, chairman of HSBC North America, and executives from Morgan Stanley, Goldman Sachs and Deutsche Bank.
An entry on a meeting with Chenault, includes the notation “*He’s flying here for us.*”
Warren is also thinking about how to cultivate current and potential supporters of the bureau, her schedule shows. A meeting with White House adviser Valerie Jarrett is entitled “Constituent Outreach.”
Meetings With Activists
She held at least seven meetings or calls with consumer, labor or other activist groups, including the Consumer Federation of America and the Services Employees International Union.
Warren’s calendar also shows she is keeping in touch with colleagues at Harvard Law School, where she taught from 1995 to 2010. She spoke with Martha Minow, the current dean, and two professors there, John Palfrey and Jonathan Zittrain.
She also had dinner with Supreme Court Justice Elena Kagan and attended the ceremony at which the former dean of Harvard Law School was sworn in to serve on the high court.
Among her meetings on Capitol Hill was a visit with House Speaker Nancy Pelosi, a California Democrat. That appointment includes the notation that Pelosi “wants a photo” with Warren.
The Treasury Department, which is overseeing the creation of the consumer bureau, has committed to publishing the calendars of senior officials including Warren by Dec. 31. In releasing the information about her appointments from September through the end of October, Warren wanted to follow this policy for the first weeks of her tenure as well, her spokesman Peter Jackson said.
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