Screw checks and balances, she has a nondescript meeting to attend.

(WSJ) — White House adviser Elizabeth Warren, in a heated House hearing Tuesday, touted the new Consumer Financial Protection Bureau as a vital new financial-markets cop while Republican lawmakers slammed the agency as a powerful financial regulator with too few checks and balances.

The Harvard professor also rejected one House Republican’s accusation that she gave misleading testimony to Congress in March and was lying about her schedule.

Mr. McHenry and Ms. Warren also got into a spat over how long the hearing should run. Ms. Warren said the committee had agreed to end the 1:15 p.m. hearing at 2:15 p.m. so she could make it to a meeting.

The lawmaker accused her of making up the agreement.

“You might want to have a conversation with your staff,” Ms. Warren replied.

HT: Ed M.