Warren Defends Role In Mortgage Settlement Talks

Law360, New York (April 5, 2011, 1:51 PM EDT) -- The White House adviser setting up the U.S. Consumer Financial Protection Bureau on Monday defended the agency's role in ongoing settlement negotiations between state prosecutors and mortgage servicers, rebuffing Republican claims that she and the bureau have overstepped their authority.

In a letter to House Financial Services Committee Chairman Spencer Bachus, R-Ala., and Rep. Shelley Moore Capito, R-W.Va., Elizabeth Warren reiterated earlier testimony that she and other members of the CFPB have only advised the U.S. Department of Justice, the Treasury Department and state prosecutors in...
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