Elizabeth Warren’s olive branch to Big Business

WASHINGTON (CNNMoney) — Elizabeth Warren will extend an olive branch Wednesday to the group that has been her arch-nemesis in creating a new consumer financial protection bureau.

Speaking before a U.S. Chamber of Commerce conference in Washington, Warren will talk mostly about a point common ground shared with the chamber – seeing competitive markets flourish.

“I know this won’t come as a shock to you, but the Chamber and I have not always seen eye-to-eye on issues,” Warren said in prepared remarks released to the news media. “But I do not consider myself in hostile territory right now because I believe we share a point of principle: competitive markets are good for consumers and for businesses.”

Warren, a Harvard University professor and outspoken consumer advocate, is working as an adviser at the Treasury Department to set up the new Consumer Financial Protection Bureau. The new independent agency is in charge of regulating financial products such as mortgages and credit cards on behalf of consumers.

The U.S. Chamber of Commerce invited Warren to speak at their Fifth Annual Capital Markets Summit, even as the group continues to push for narrower government regulation on financial products. The Chamber spent millions on TV commercials and lobbying in a campaign to “kill” the consumer bureau during debates over what became the Dodd-Frank Act.

Warren will discuss how the bureau can help markets work more efficiently by targeting fine print and overly long contract agreements.

“The role of regulation in credit markets is, at its heart, to make it easy for consumers to see what they are getting and to make it easy for customers to compare one product with another, so that markets can function effectively,” Warren said.

She’ll add that having a “cop on the beat” allows “honest competition to flourish.”

Warren’s speech at the Chamber follows several others she’s made to business groups ranging from the Financial Services Roundtable to the Independent Community Bankers Association since starting her gig at Treasury.

She has also been busy playing defense against a new round of criticisms launched at the consumer bureau by House Republicans seeking to limit its power.