I just got off a blogger call with Elizabeth Warren (if you have any doubt that her appointment is seen as by the White House as a concession to the left, note that bloggers are the first people who get to interview her after her appointment was announced) and I got the chance to ask her whether credit reports came under her oversight — especially when they’re used to deny people jobs or to set rates for insurance.
She said yes, it did come under this act — “credit reporting is an important part of credit”, and she said she shared my concerns. She apologized for not being more specific, but said she would be looking into it.
In response to other questions, she said she was looking forward to working on the inside, and would be a part of the president’s economic team with input on larger economic issues.
I think that’s the single biggest gain with this appointment: That working people will have a strong, informed ally in the White House. Someone who really does understand our economic pain.
While I don’t doubt she’ll have her enemies working against her, she sounds confident and ready to fight on behalf of us all. (And, as she pointed out, a year ago Barney Frank told her the idea for this agency was a “pipe dream” that would never happen.)
“This is about rebuilding America’s families, because that’s what will give us a stronger economy,” she said.
I’m feeling a lot more optimistic than I have in a while.