Dr. Elizabeth Warren, the new Treasury counselor tasked with organizing the government’s new consumer financial protection bureau, was meeting Tuesday with credit card executives in a session with top Treasury officials, sources close to the meeting told FOX Business.
Warren also contacted numerous bank executives and lobbyists after President Obama named her a special assistant and Treasury counselor on Friday. An industry source confirmed media reports that she had made “courtesy calls” to Citigroup (C: 3.93 ,0.00 ,0.00%) CEO Vikrim Pandit and JPMorganChase (JPM: 40.61 ,0.00 ,0.00%) CEO Jamie Dimon, among others.
Sources described the outreach efforts as “standard operating procedure” for a new appointee like Warren, though it caught some industry officials off guard because she has been a particularly harsh critic of the industry and favors more tough new regulation on its activities
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