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If protecting financial consumers — and helping the millions of Americans struggling to hold onto their homes — isn’t worth fighting for, then what is?  Joe Nocera of the New York Times notes that there isn’t anybody in Washington more fearless about standing up to the big banks than Elizabeth Warren.  "No wonder they don’t like her."

Nocera reported on a recent hearing on the oversight of the Consumer Protection Finance Agency by the House Financial Services Committee.  He explained, "The big banks loathe Ms. Warren, who has made a career out of pointing out all the ways they gouge financial consumers — and whose primary goal is to make such gouging more difficult. So, naturally, the Republicans loathe her too."  The big banks and their Republican allies have complained that Elizabeth Warren has started helping consumers before the Consumer Financial Protection Agency opens its doors in July by consulting with Attorneys General who are putting together a settlement proposal on how mortgage servicers must treat defaulting homeowners.  The agreement would include a requirement that they modify mortgages before they begin foreclosure.

Reporter Nocera observes that the Home page on the House Financial Services Committee’s Web site has been turned into a screed against Dodd Frank, the Wall Street Reform Bill passed by the Democratic House and Senate last session. The committee will try to starve agencies of the funds needed to enforce the regulations.

Thank goodness for Elizabeth Warren, the best advocate consumers have in Washington.  Read Nocera's article:  "An Advocate Who Scares Republicans."

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