Elizabeth Warren, the Harvard University law professor picked by President Obama to police consumer finance, is recruiting 50 state prosecutors to help, including N.C. Attorney General Roy Cooper, Bloomberg News reports.
“The state attorneys general are natural partners for the consumer agency,” Warren, 61, told Bloomberg in an interview. “There are regulators in Washington that used to prevent state attorneys general from protecting consumers.”
The attorneys general say they are now invited to the nation’s capital and talk with Warren by telephone almost weekly as she sets up the Bureau of Consumer Financial Protection.
Cooper told Bloomberg that Warren wants states to help formulate new policies around mortgages and credit cards, her two top priorities.