How Andrei Cherny Helped Inspire the New Consumer Financial Protection Bureau

Last month’s launched of the Consumer Financial Protection Bureau might never have happened were it not for the inspiration of contributing RP Andrei Cherny.

Read this excerpt from Politico‘s “On The Media”:

Elizabeth Warren first laid out the idea for the agency in an essay in the summer of 2007 in the journal “Democracy: A Journal of Ideas.” Jake Tapper flashed the issue during an interview with Warren earlier this week, during which Warren marveled at how far the idea had come in four years.

“Of all the ideas that get published in academic journals like that, not so many make it into law,” she said.

Andrei Cherny, now the journal’s president, was co-editor of the publication at the time, and had known Warren from his work with John Kerry’s campaign in 2003 and 2004.

“I was talking with her about some of the ideas that she had put forward, and this is something that was in its beginning stages, so we asked her to write it up for us as a proposal,” Cherny said.

Click here to read the full article.