In a new book about the enactment of the Consumer Financial Protection Bureau, Financial Justice: The People’s Campaign to Stop Lender Abuse, authors Larry Kirscsh and Robert N. Mayer cite a campaign led by Professor Jeff Sovern and Hofstra’s Norman Silber.
The text states in relevant part:
[Seventy-four] legal scholars–led by Jeff Sovern and Norman Silber–sent a letter to congressional leaders urging them to create a consumer financial protection agency. . . . [Their] message was clear: the CFPB was the right way to correct past mistakes that had undermined the country’s financial stability ‘and toward a better future for consumers and the nation.’
A full copy of Professor Sovern’s letter can be found here.