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20 Jul 2011, 4:17 pm
In addition, H.R. 1315 would needlessly delay the transfer of Federal consumer financial protection responsibilities from seven other agencies to the Consumer Financial Protection Bureau, thus continuing to foster a fragmented approach to consumer financial protection. [read post]
20 Jul 2011, 1:57 pm
’ A quote: “It is unclear why the centerpiece of the president’s financial reform package has taken so long to materialize, but what is clear is that this nomination is dead on arrival because it does nothing to increase accountability or shed light on the operations of the CFPB,” Senator Jerry Moran said today at a Banking Committee hearing on consumer protection, referring to Obama’s selection of Richard Cordray to serve as the… [read post]
20 Jul 2011, 1:00 pm
The Washington/Wall Street axis prevented her from becoming the first director of the Consumer Financial Protection Bureau, but they may regret it someday. [read post]
20 Jul 2011, 11:28 am
Tomorrow, exactly one year after the passage of the Dodd-Frank Act, the Consumer Financial Protection Bureau officially becomes a new cop on the consumer “banking beat,” responsible for enforcing the laws on credit cards, mortgages, student loans, prepaid cards, and other kinds of financial products and services. [read post]
20 Jul 2011, 9:45 am
The Consumer Financial Protection Bureau (“CFPB”) was tasked with bringing increased transparency into consumer financial markets. [read post]
20 Jul 2011, 9:13 am
Consumers who live paycheck to paycheck or on fixed income often face financial setbacks that make it hard and sometimes impossible to pay all bills when due. [read post]
20 Jul 2011, 9:13 am
Consumers who live paycheck to paycheck or on fixed income often face financial setbacks that make it hard and sometimes impossible to pay all bills when due. [read post]
20 Jul 2011, 5:31 am
President Obama recently announced former Ohio Attorney General Richard Cordray as his pick to run the fledgling Consumer Financial Protection Bureau. [read post]
20 Jul 2011, 5:02 am
Elizabeth Warren's cover note for the report -- entitled "A Strong Foundation" -- underscores that a key goal of the agency is assuring that consumers understand the financial deals they are offered: The consumer bureau’s statutory obligations are designed to make markets for consumer financial products and services work in a fair, transparent, and competitive manner. [read post]
19 Jul 2011, 11:02 am
President Obama nominated former Ohio attorney general Richard Cordray on Monday to lead the Consumer Financial Protection Bureau. [read post]
19 Jul 2011, 8:03 am
At Senate Banking Committee hearings on consumer financial protection, Senator Jerry Moran (R-Kansas) said that the President’s nomination of Richard Cordray to be the Director of the Bureau of Consumer Financial Protection is DOA in the US Senate. [read post]
19 Jul 2011, 4:37 am
He's now in the same position as before but has sacrificed his first-choice pick to run the Consumer Financial Protection Bureau. [read post]
19 Jul 2011, 4:03 am
Waiver grounds would include unforeseeable events and financial hardship. [read post]
19 Jul 2011, 1:23 am
Financial firms counted for 45 percent of all corporate and securities litigation in 2008 and 45 percent in 2009. [read post]
18 Jul 2011, 7:38 pm
I remain hopeful that those who want to cripple this consumer bureau will think again and remember that the financial crisis -- and the recession and job losses that it sparked -- began one lousy mortgage at a time. [read post]
18 Jul 2011, 5:12 pm
President Obama Announces Plan to Nominate Former Ohio AG to Lead Consumer Financial Protection Bureau - Washington, DC attorney Lee Istrail of Kelley Drye on the firm's Consumer Finance Law Blog PTSD and Arizona's Veterans - Phoenix lawyer Vladimir Gagic on his blog, the Arizona Criminal Law & Sex Crimes Post 10 Social Media Must Haves For Your Corporate Compliance And Ethics Program - Los Angeles attorney… [read post]
18 Jul 2011, 11:11 am
Harvard Professor Elizabeth Warren championed the rights of consumers and, with the backing of the White House, fought for the inclusion of the new Consumer Financial Protection Bureau in last year’s Dodd-Frank Act, the sweeping financial reform legislation crafted in the wake of the financial crisis. [read post]
18 Jul 2011, 11:10 am
Not only would the measure’s funding limitation severely curtail hiring and start-up investments that are already underway, noted the Administration, but it would also impede supervision, limit the Bureau's consumer response services, prevent the ramping up of citizen financial literacy improvements, and delay the implementation of financial protection programs for older Americans. [read post]
18 Jul 2011, 11:01 am
” Cordray made no remarks, but in March 2010, he appeared in Washington with other state attorneys general to support the idea of the Consumer Financial Protection Bureau. [read post]
18 Jul 2011, 10:11 am
President Obama is expected to reject interim director and Harvard Law professor Elizabeth Warren and appoint Richard Cordray, former Ohio attorney general, to be the director of the Consumer Financial Protection Bureau, according to reports learned by Boston bankruptcy lawyer Neil Burns. [read post]
