Consumer Financial Protection Bureau- June 24, 2012

ANNOUNCER: Two years ago….

REPORTER: President Obama officially tapping Elizabeth Warren to oversee the creation of the Consumer Protection Agency

PRESIDENT OBAMA: Elizabeth Warren came up with the idea for a Consumer Protection Agency that would have one simple overriding vision, standing up for consumers and middle class families.

ANNOUNCER: Now the Consumer Financial Protection Bureau is fining credit card giant, Capital One, 210 million dollars for tricking consumers into paying big fees. Consumers will get most of that money in direct refunds. Protecting consumers is what Elizabeth Warren had in mind when she came up with the idea for a new agency, to hold the big banks and credit card companies accountable. Elizabeth Warren.

WARREN: We need a cop on the beat, to make sure no one steals your purse on Main Street, and no one steals your pension on Wall Street.

ANNOUNCER: Learn more about Elizabeth’s proposals at elizabethwarren.com

WARREN: I’m Elizabeth Warren, candidate for U.S. Senate, and I approve this message.

ANNOUNCER: Paid for by Elizabeth for Massachusetts.