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Blog Entries by Zach Carter from 03/2011

Top Republican: 'Senate May Approve' Elizabeth Warren For CFPB

Posted 03.01.2011 | Politics
Read More: CFPB Director, Elizabeth Warren, CFPB Funding, Budget, Cr, Financial Reform, Confirm, Obama, Cfpb, Warren, CFPB Budget, Wall Street Reform, Spencer Bachus, Wall Street, Neugebauer, Continuing Resolution, Bachus, Consumer Financial Protection Bureau, Banks, Politics News

WASHINGTON -- A top Republican broke with what he called "conventional wisdom" Tuesday morning, saying that consumer watchdog Elizabeth Warren is "ver...

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In Stealth Lobbying Move, Wall Street Coordinates With Check-Cashers, Payday Lenders To Gut CFPB

Posted 03.01.2011 | Politics
Read More: Payday Lending, Elizabeth Warren, Payday Lenders, Lobbying, U.S. Chamber of Commerce, Regulation, Debt Collectors, Chamber, Bank Lobby, Wall Street, Consumer Financial Protection Bureau, The Chamber, Cfpb, U.S. Chamber, Check-Cashing, Chamber of Commerce, Check-Cashers, US Chamber, Politics News

WASHINGTON -- Wall Street banks are deploying little-known lobbying organizations who represent companies like Pizza Hut and Radio Shack in a new push...

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Bank Lobby Splinters On CFPB Ahead Of Director Confirmation Deadline

Posted 03.03.2011 | Politics
Read More: Foreclosures, Elizabeth Warren, Foreclosure Crisis, Aba, Icba, Community Banks, Financial Reform, Bachus, Wall Street Reform, Mortgage Crisis, Regulation, Obama, Cuna, Supbrime, Warren, Wall Street, Bank Lobby, Consumer Financial Protection Bureau, Cfpb, Banks, Gop, Foreclosure, Spencer Bachus, Credit Unions, Republicans, Politics News

WASHINGTON -- A rift is emerging among bank lobbyists over the new Consumer Financial Protection Bureau as the deadline approaches for President Barac...

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Lawmakers Pushing Back Against Banks' Foreclosure-Settlement Complaints

Posted 03.04.2011 | Politics
Read More: Foreclosures, Foreclosure Crisis, Housing Market, Waters, Occ, Housing, Sherrod Brown, Mortgage Serving, Mortgage Servicers, Economy, Foreclosure Fraud, Housing Crisis, Mortgages, Wall Street, Bailout, Consumer Financial Protection Bureau, Jpmorgan, Settlement, Cfpb, Foreclosure Deal, Banks, Jeff Merkley, Foreclosure, Kaptur, Brad Miller, Politics News

WASHINGTON -- As bank executives push back against the terms of a foreclosure settlement with fees that may be as high as $20 billion, progressive leg...

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An Overblown 'Crisis' For State Pension Funds

Posted 03.07.2011 | Politics
Read More: Goldman Sachs, Prison Guards, Wall Street, Highway Patrol, Retirement, State Pension Funds, Scott Walker, Pensions, State Pensions, Banks, Pension Plans, Bonuses, Unions, Bank Bonuses, Pension Funds, Politics News

WASHINGTON -- In early 2010, Goldman Sachs announced two blockbuster numbers: profits of $13.4 billion for the prior year and compensation of $16.2 bi...

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Foreclosure Protesters Descend On Washington

Posted 03.07.2011 | Politics
Read More: Foreclosures, Foreclosure Crisis, Mortgage Settlement, Mortgage Crisis, Bank of America, Regulation, Foreclosure Fraud, Foreclosure Settlement, Countrywide, Marcy Kaptur, Foreclosure Deal, Mortgage Fraud, National People's Action, Banks, Foreclosure, Subprime, Npa, Mortgage Deal, Video, Politics News

WASHINGTON -- Hundreds of protesters from around the country descended on a meeting of all 50 state attorneys general in the nation's capital on Monda...

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Congressional Republicans Set Sights On Homeowners, Elizabeth Warren As Split Emerges with State GOP Leaders

Posted 03.11.2011 | Business
Read More: Elizabeth Warren, Foreclosure Crisis, State Attorneys General, Randy Neugebauer, Richard Shelby, Foreclosure Fraud, Foreclosure Investigation, Business News

WASHINGTON -- As state and federal officials near an agreement with the nation's largest financial firms to settle allegations of abusive foreclosure ...

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Randy Neugebauer On Elizabeth Warren's Consumer Agency: 'I Don't Like Them'

Posted 03.15.2011 | Politics
Read More: Elizabeth Warren, Congress, Occ, Neugebauer, Financial Reform, Wall Street Reform, Regulation, Obama, House, Wall Street, Consumer Financial Protection Bureau, Cfpb, Dugan, Gop, Banks, Jo Ann Emerson, Consumer Protection, Republicans, Politics News

WASHINGTON -- Congressional Republicans have insisted that their proposals to force the new Consumer Financial Protection Bureau to fight for legislat...

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Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

Posted 03.16.2011 | Politics
Read More: Price-Fixing, Community Banks, Senate Banking Committee, Federal Reserve, Debbie Wasserman Schultz, Business, Mortgage-Companies, Merchant Payments Coalition, Eric Cantor, Politics, Visa, Bank Lobby, Bob Corker, Spencer Bachus, Tester-Corker Bill, Subprime Loans, Michael Hunter, Financial Regulation, American Bankers Association, Dick Durbin, Credit Cards, Shelly Moore Capito, Bank Lobbyists, Mastercard, Wall Street, Consumer Federation of America, Consumer Financial Protection Bureau, Swipe Fees, Jon Tester, Debit Cards, US News, House Financial Services Committee, Politics News

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

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House Republicans Amplify Attacks On Elizabeth Warren, Consumer Protection

Posted 03.16.2011 | Politics
Read More: Elizabeth Warren, Congress, Lynn Westmoreland, Financial Reform, Bachus, Wall Street Reform, Thaddeus McCotter, Federal Reserve, Monetary Policy, Regulation, Obama, Foreclosure Settlment, The Fed, Stephen Lynch, Politics, Mortgages, Cfpb, Payday Lending, Foreclosure Crisis, Neugebauer, Payday Lenders, Mortgage Crisis, Payday Loans, Credit Cards, David Obey, Steve Pearce, Servicers, Sean Duffy, Wall Street, Hearing, Inflation, Consumer Financial Protection Bureau, Huizenga, Foreclosure Deal, Banks, Gary Ackerman, Brad Miller, Politics News

WASHINGTON -- In a hearing marked by openly hostile questioning from House Republicans, consumer advocate Elizabeth Warren made her highly anticipated...

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Ex-Goldman Banker Behind WSJ 'Smear Campaign' Against Elizabeth Warren

Posted 03.17.2011 | Business
Read More: Elizabeth Warren, Neugebauer, Financial Reform, Wall Street Reform, Business, Goldman, Wall Street Journal, House Republicans, Goldman Sachs, Politics, Wall Street, Consumer Financial Protection Bureau, Cfpb, Banks, Wsj, US News, Republicans, Business News

WASHINGTON -- A Wall Street Journal editorial writer who has been closely involved with the paper's recent attacks on Elizabeth Warren is a former Gol...

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Richard Lugar Questions U.S. Costs Of Libya Conflict

Posted 03.27.2011 | Politics
Read More: Meet the Press, Afghanistan, Obama, Democrats, Sunday Talk Shows, Politics, Deficit, Libya, Libya News, Dick Lugar, Robert Gates, Muammar Gaddafi, Oil Prices, Moammar Gadhafi, Hillary Clinton, Budget Deficit, Defense Spending, Iraq, Libya Oil Prices, Libya Protests, Richard Lugar, Republicans, Politics News

David Wood contributed to this report. WASHINGTON -- On Sunday, Sen. Richard Lugar (R-Ind.) raised questions about the economic costs of U.S. invol...

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Government Shutdown Could Slow Tax Refunds, Crimp Use Of Largest Federal Anti-Poverty Program

Posted 03.29.2011 | Politics
Read More: Taxes, Dc, Irs, Poverty, Government Shutdown Eitc, Earned Income Tax Credit, Low-Income, Government Shutdown, Washington, Eitc, Poor, Shutdown, D.C. Government, Politics News

WASHINGTON -- A prolonged government shutdown could deliver a blow to many poor American families by limiting or delaying access to the federal govern...

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