http://online.wsj.com/article/SB124545888032233137.html
Harvard University law professor Elizabeth Warren dined for three hours with White House economic adviser Lawrence Summers two months ago, and discussed over curry her idea for an agency to protect consumers from bad financial products.
This past week, President Barack Obama announced his plan to create a Consumer Financial Protection Agency, endorsing Ms. Warren's idea and causing an uproar in the financial-services industry.
Ms. Warren, for years a scourge of Wall Street, has emerged as an influential force in the administration's overhaul of financial regulations. The White House said the agency she helped inspire would strengthen consumer protection in areas including credit cards, mortgages and other financial products. If approved by Congress, it would be able to write new rules governing how products can be sold.
