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13 Jan 2012, 2:23 pm
by Nicole Flatow The Justice Department’s Office of Legal Counsel released a memo yesterday explaining the legal justification for President Obama’s recess appointments of Richard Cordray to head the Consumer Financial Protection Bureau and three others to the National Labor Relations Board. [read post]
13 Jan 2012, 12:36 pm
Chamber of Commerce said the organization would take a wait-and-see approach in deciding whether to file a legal challenge over President Barack Obama’s recess appointments to the Consumer Financial Protection Bureau and the National Labor Relations Board, but added that a lawsuit could be forthcoming depending on the agencies’ actions. [read post]
13 Jan 2012, 8:59 am
Federal consumer protection efforts are about to become much more concentrated, thanks to the installment of the Consumer Financial Protection Bureau’s first director. [read post]
13 Jan 2012, 12:00 am
The Consumer Financial Protection Bureau (CFPB) started overseeing non-bank companies that offer home loans, payday loans, and student loans to consumers. [read post]
12 Jan 2012, 1:28 pm
The Justice Department Office of Legal Counsel today released its opinion (dated January 6, 2012) concluding that President Obama had authority under the Recess Appointments Clause to appoint Richard Cordray as head of the Consumer Financial Protection Bureau and members... [read post]
12 Jan 2012, 11:10 am
Those are Richard Cordray's top three priorities as the new head of the Consumer Financial Protection Bureau. [read post]
12 Jan 2012, 8:57 am
The installment of the Consumer Financial Protection Bureau’s first official director will mean a significant expansion in the scope of its operations. [read post]
12 Jan 2012, 8:41 am
Obama’s Jan. 4 appointment of Richard Cordray to lead the new Consumer Financial Protection Bureau stirred controversy among Republicans, who were opposed to his nomination. [read post]
12 Jan 2012, 4:20 am
This past Monday, the following people Mark Calabria, director of financial regulation studies, Cato Institute Travis Plunkett, legislative director, the Consumer Federation of America Bruce Fein, former Reagan Administration associate deputy attorney general Laurence Tribe, Professor of Constitutional Law at Harvard University and author of more… [read post]
11 Jan 2012, 6:36 am
The Consumer Financial Protection Bureau (CFPB) announced in a press release last Thursday the launching of its nonbank supervision program. [read post]
9 Jan 2012, 7:32 pm
" In a speech to the Brookings Institution just one day after President Barack Obama used a recess appointment to name Cordray director of the Consumer Financial Protection Bureau, the former Ohio attorney general said he has “examiners on the ground today with broad authority’’ to inspect loan documents and ask “tough question’’ of financial institutions. [read post]
9 Jan 2012, 3:11 pm
The slowdown was driven by slower growth in the volume of drugs consumed, a continued increase in the use of generic medications, loss of patent protection for certain brand name drugs, fewer new drug introductions, and a substantial increase in Medicaid prescription drug rebates. [read post]
9 Jan 2012, 8:15 am
Competition and Foreign Investment Regulation Canada’s antitrust regulator, the Competition Bureau, continues to aggressively assert itself on a number of important fronts. [read post]
9 Jan 2012, 4:51 am
Friday the Wall Street Journal and the New York Times published warring op-ed pieces regarding the constitutionality of President Obama’s recent appointments to the Consumer Financial Protection Bureau and the NLRB. [read post]
8 Jan 2012, 7:53 pm
However, he ends his article with a discussion of the "nuclear option" that most concerns bankers: The Consumer Financial Protection Bureau's ability to declare an act or practice "unfair, deceptive, or abusive. [read post]
6 Jan 2012, 6:24 pm
In a letter to Attorney General Eric Holder, House Financial Services Chair Spencer Bachus (R-ALA) asked for information about the recess appointment of Richard Cordray to be Director of the Consumer Financial Protection Bureau, which the Chair described as a matter of significant public interest and importance. [read post]
6 Jan 2012, 5:01 pm
The Section on Financial Institutions and Consumer Financial Services will have a record four events at this weekend's Association of American Law Schools Annual Meeting in Washington, DC. [read post]
6 Jan 2012, 3:52 pm
He says here that President Obama exceeded his constitutional powers in appointing Richard Cordray to head the Consumer Financial Protection Bureau because it is up to the Senate only, and not the President, to determine whether the Senate is in recess. [read post]
6 Jan 2012, 2:08 pm
The Chamber of Commerce has already threatened to launch a court challenge to the move, but Obama’s decision to fill the top spot at the Consumer Financial Protection Bureau and three vacancies on the National Labor Relations Board has “strong support both from the text and the original purpose of the recess appointment clause,” Tribe explains. [read post]
6 Jan 2012, 12:33 pm
In a similar move with particular interest to those familiar with Ohio politics, President Obama also appointed former Ohio Attorney General Richard Cordray as director to the new Consumer Financial Protection Bureau (CFPB) (an agency vehemently opposed by Republicans). [read post]
