It was easy to miss the fact that reformist political energies, in migrating to the defense of consumers, had migrated away from the assault on conglomerate power as such.
In addition to Soros Capital, Clarity's attracted an investor group including Bessemer Venture Partners, RRE Ventures, and Maveron Ventures to support its vision of an app-based defense of consumers' rights in the financial world.
The maker of Budweiser is attempting to silence a former employee for speaking out in defense of consumers, according to the ex-worker's lawyer.
Last week, shortly before the Banking committee voted along party lines to pass the Dodd bill and send it to the Senate floor, Shelby took a veiled swipe at Warren, who has emerged as a folk hero for her ardent and passionate defense of consumers and the middle class in the face of what appears to be overwhelming opposition by banks and their allies in Congress.
Tim Johnson, the committee's chairman and a Democrat from South Dakota, kicked off the hearing by delivering an impassioned defense of the consumer bureau.
"The best line of defense for consumers are the antispam filters which are available commercially," said Charlie Kennedy, a lawyer with Morrison & Foerster who specializes in telecommunications law.
A complete repeal of the law would dismantle the bureau, which serves as the first line of defense for consumers against businesses, fielding complaints about everything from applying for a mortgage to taking out a loan for college.
But when it comes to buying food in stores, labels serve as the front line of defense for most consumers, and consumers sometimes become sick because of incomplete or inaccurate information on a product's packaging.
In your book you say that in 1979 the biggest private-sector employer in Britain was GEC [a manufacturer of consumer and defense electronics].
Indeed, Chairman Bernanke gave an impassioned defense of the Fed's role in consumer protection last spring.
