Leveraging technology to stand up the Consumer Financial Protection Bureau | Gov 2.0

"Can technology be used to create a “21st Century regulator?” Keep an eye on Elizabeth Warren as she works to stand up the new Bureau of Consumer Financial Protection over the next months. As Bill Swindell reported for NextGov yesterday, the new consumer protection agency plans to use crowdsourcing to detect issues in the market earlier. In a world where studios can use tweets to estimate movie profits or researchers can use Twitter to predict the stock market, it makes sense for government to seriously examine data mining blogs and social networks to pick up the weak signals that predate real problems. Choosing to use such a methodology is applying a lesson from Web 2.0 for Gov 2.0.