Last night, Elizabeth marked the one-year anniversary of the Consumer Financial Protection Bureau opening its doors in remarks at the John F. Kennedy Presidential Library and Museum.
Elizabeth spoke about how she came up with the idea for the CFPB and the great opposition it faced from the big banks. She recalled the obstacles the big banks and their lobbyists had put before reform advocates, and the struggle to make her idea a reality.
The conversation that followed included questions about the LIBOR scandal, the continued JP Morgan losses, Scott Brown’s vote against the DISCLOSE Act, and the general state of Congressional gridlock. Elizabeth took questions from the audience and received a standing ovation.
Watch Elizabeth’s speech below: