New consumer protection watchdog promises credit card reform

Elizabeth Warren
Elizabeth Warren

As a special appointee charged with helping shape the new Consumer Finance Protection Bureau, watchdog and consumer advocate Elizabeth Warren has addressed one of Americans' biggest complaints right out of the gate: She says credit card marketing is too confusing and potentially misleading, and she intends to look into it. Ed Mierzwinski, consumer program director for watchdog group US-PIRG, tells WalletPop, "Going after unfair credit card terms and conditions meets a key test-it will help lots of Americans and help them a lot."