[inaudible conversations] [inaudible conversations] for remarks from elizabeth warren, assistant to the president and treasury secretary timothy geithner. >> it really is a treat to be here today. at our first conference any conference that fittingly is about data and measuring the effect of a new set of rules on part of the credit industry. one year ago today many provisions of the credit card accountability and disclosure act took effect. we come together on this anniversary to mark the event but our primary goal is to analyze and discuss the impact of the card act. at the consumer protection bureau, we are determined any actions we take will be grounded in a deep understanding of the market we are overseeing. our organization reflects this commitment. search and ruleriding are brought together in a single position in the new bureau comprising five expert teams in specific market areas. the card market team was the first to get underway and this conference represents the kind of work we plan to do on an ongoing basis. one year after the card act took effect it is appropriate to ask wh

guest: i am not criticizing elizabeth warren. she is doing hard work to create this agency. saying is there are a number of trade-offs this agency will need to juggle. host: you were saying there are questions from others and criticism. guest: they do not exist yet. they have not done stopped yet. as they do, that will be the question -- how do they strike this line? host: they have one year to get this agency up and running backs -- running? guest: the question is the federal reserve. host: please explain the difference between big banks and local credit unions. guest: big banks are very large and have branches all over the world with $1 trillion in assets. all local credit union is a non- profit -- a local credit union t. a non-profit paren because they are not for- profit, a lot people find it more useful and pleasant. there are good vintages for the big banks. they have bigger bulls of -- that are good advantages for the big banks. they have bigger pools of money. host: mass., good morning. caller: one important factor that is left out of the discussion is what role the

guest: i am not criticizing elizabeth warren. she is doing hard work to create this agency. all i'm saying is there are a number of trade-offs this agency will need to juggle. host: you were saying there are questions from others and criticism. guest: they do not exist yet. they have not done stopped yet. as they do, that will be the question -- how do they strike this line? host: they have one year to get this agency up and running backs -- running? guest: the question is the federal reserve. host: please explain the difference between big banks and local credit unions. guest: big banks are very large and have branches all over the world with $1 trillion in assets. all local credit union is a non- profit -- a local credit union t. a non-profit paren because they are not for- profit, a lot people find it more useful and pleasant. there are good vintages for the big banks. they have bigger bulls of -- that are good advantages for the big banks. they have bigger pools of money. host: mass., good morning. caller: one important factor that is left out of the discussion is what r

we will go live to the treasury department where we expect remarks from elizabeth warren,

elizabeth warren will lead the conference. participants include industry executives and leading advocates. you can watch live coverage2 at 9:00 a.m. eastern on coverage -- on c-span2. on tuesday, a discussion on the future of social security and one of the programs current trustees. it will hosted by the institute for women's policy research at the woodrow wilson international center for scholars. watch a live coverage at 3:00 p.m. eastern on c-span2. >> this monday, is that the public and private spaces of america's most recognizable home, the white house. c-span's original documentary provides a look at the history of the presidential residence and takes you through the manchin and the lincoln bedroom, and focuses on the presidents and first families who most influence tallows today. bearing in high-definition and newly updated with interviews with the obamas and the bushes, inside america's most famous home this monday at 6:00 p.m. eastern here on c-span. >> you are watching c-span, bringing you politics and public affairs.

according to elizabeth warren, who is the special advisor to the treasury on the consumer financial protection bureau, the average credit card offer now comes bundled with more than 100 pages of fine print. buried within this fine print are provisions about restrictions, teaser rates and penalties. this fine print makes it nearly impossible for consumers to make informed decisions and pick the credit card or other lending product which is right for them. this leads some borrowers to be trapped in credit cards, a loan product with hidden and abusive -- the cfbb would resolve this problem by working with the industry to reduce the fine print and hidden fees. we also need cfpb to provide stability to our financial markets which are supported by consumer lending. our current crisis began when collateralized debt obligations and mortgage-backed securities were packed with exotic products which, -- which are known as no doc loans and liar loans. it was exacerbated as consumers were continually squeezed with excessive penalties and fees from bank products, reducing purchasing power and leading famili

elizabeth warren will lead the conference. participants include industry executives, as well as consumer advocates. you can watch this 9:00 a.m. east andern on cspan2. visit to the public and private spaces of the white house today. this documentary provides a rarely seen look at the history of the presidential residence in the takes you through the west wing, the oval office, and the lincoln bedroom. it focuses on the first families that helped with the resemblance of today. there are comments from georgia and laura bush. inside of america's most famous home, today, on 6:00 p.m. eastern, on c-span. >> one-quarter of all international internet traffic that is basically in fall on infringing intellectual property rights -- a >> tonight, intellectual property rights on "the communicators." . it is on c-span2. every morning is "washington journal". weekdays, watch live coverage of the u.s. house. also supreme court oral arguments. on the weekend, you can see our signature we can programming. on saturday "the communicators" en "q&

over live to the treasury department this morning where we are standing by for remarks from elizabeth warren, assistant to the president and treasury secretary timothy geithner. >> it really is a treat to be here today. at our first conference any conference that fittingly is about data and measuring the effect of a new set of rules on part of the credit industry. one year ago today many provisions of the credit card accountability and disclosure act took effect. we come together on this anniversary to mark the event but our primary goal is to analyze and discuss the impact of the card act. at the consumer protection bureau, we are determined any actions we take will be grounded in a deep understanding of the market we are overseeing. our organization reflects this commitment. search and ruleriding are brought together in a single position in the new bureau comprising five expert teams in specific market areas. the card market team was the first to get underway and this conference represents the kind of work we plan to do on an ongoing basis. one year after the card act took effect it is app

warren berger in 1974. and she did it on her own, and she did not want to be known as the insulin girl. years later, after -- when people approached elizabeth hughes and asked her, excuse me, weren't you the sick child? she said, no, you must be talking about my sister who died. so that's the way she deflected it. you have to read -- you really have to read my book to read the whole story on the hughes family. please. >> so this activity, first of all, thank you to all of my speakers so much. i appreciate everybody's being here. do you want to say a couple more things? >> yes. go ahead. >> let me start by saying in my enthusiasm about the point that i made about how bad we in america has been. there's no question the nazi doctors through the outbreak, were some of the most reprehensible physicians in history. i want to point out the violations done by american physicians and japanese physicians, and physicians elsewhere, broke those same kinds of rules and laws. so i don't want to be misquoted in trying to equate them. i wanted to point out the rules were absolutely necessary, because in the absence of rules, even the united states public h