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Dodd Financial Reform Bill: Key Details Released

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Several much-anticipated details of Sen. Chris Dodd's (D - Conn.) financial reform bill have been revealed, The New York Times and the Wall Street Jou...

Arthur Delaney

Dodd May Toughen CFPA In Financial Regulatory Reform Bill | Arthur Delaney | Posted 05.25.2011 | Business

To consumer advocates, it's essential that an agency charged with protecting borrowers is able to not just write rules for industries that extend cred...

Usurious Payday Loans: Myths, Flawed Studies, and Solutions

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Here's the truth, for all those well-meaning payday defenders out there: Payday loans weren't created to help underserved populations, but to exploit helpless people.

Demand an "Up or Down Vote" On Real Financial Reform

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.

Shahien Nasiripour

Dodd Decision A Surprise To Reformers | Shahien Nasiripour | Posted 05.25.2011 | Business

Senate Banking Committee Chairman Christopher Dodd's decision to break off negotiations with Republicans and go it alone on financial regulatory refor...

What's Still Worth Fighting for on Wall Street Reform?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

The most important fight from here on out is protecting the surviving elements of the derivatives bill crafted by Sen. Blanche Lincoln. Lincoln's bill would force big banks who deal derivatives to spin off those operations into separate companies.

Consumer Agency Opponents Take Fight To Google AdWords (PHOTO)

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The opponents of the Obama administration's proposed Consumer Financial Protection Agency apparently have very little competition in the Google AdWord...

Barney Frank Wants Financial Reform Conference Televised | Posted 05.25.2011 | Business

THE REVOLUTION WILL BE TELEVISED -- Or at least the House-Senate conference on financial reform may be, according to POLITICO's Victoria McGrane, who ...

Ryan Grim

New CFPA Proposal Would Put Bank Board Over Top | Ryan Grim | Posted 05.25.2011 | Politics

The Consumer Financial Protection Agency would have a board of bank regulators over top of it that could object to and veto its proposed rules if Chai...

Payday Loans Exempt From Consumer Protection Rules Under Corker Proposal

New York Times | SEWELL CHAN | Posted 05.25.2011 | Business

Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a p...

Weekly Audit: Doomsday for the CFPA?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Alison Hamm, Media Consortium Blogger Just when the Democrats need to be tougher than ever on financial reform, Senate Banking Committee Chair Sen....

Bernanke Pulls a Kanye on CFPA, Then Gets Sideswiped

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Now we've got a real mess on our hands. If the CFPA is housed in the Fed, but the Fed doesn't regulate most American banks, how will American consumers get the protection they need?

Is Vikram Pandit in Favor of Real Reform?

James Kwak | Posted 05.25.2011 | Business
James Kwak

Testifying today before the TARP Congressional Oversight Panel, Vikram Pandit claimed that Citigroup is on the side of the angels -- in this case, the side of real financial reform.

Reid Cramer: Financial Reform In Five Steps

Mother Jones | Reid Cramer | Posted 05.25.2011 | Business

The big banks and their lobbyists are vigorously resisting a rewrite of their operating rules and working hard to insert loopholes and exclusions that...

Ryan Grim

Frank: 'If They Want To Kill Consumer Protection, Let There Be 41 Jim Bunnings Over There' | Ryan Grim | Posted 05.25.2011 | Politics

Rep. Barney Frank reacted angrily on Wednesday to a proposed bipartisan compromise on the Consumer Financial Protection Agency in the Senate. "That'...

Ryan Grim

GOP Tensions Simmer Over CFPA | Ryan Grim | Posted 05.25.2011 | Politics

Tensions have been simmering between two top Republicans in the Banking Committee since the senior member, Sen. Richard Shelby (R-Ala.), backed out of...

Shahien Nasiripour

Fight For The CFPA Is 'A Dispute Between Families And Banks,' Says Elizabeth Warren | Shahien Nasiripour | Posted 05.25.2011 | Business

While members of the Senate Banking Committee debate proposals to fix the nation's broken financial system and ineffective approach to protecting cons...

Enough Is Enough: Take Back Your Consumer Rights

Janis Bowdler | Posted 05.25.2011 | Home
Janis Bowdler

At the close of 2009, the House of Representatives passed a bill to create a solid Consumer Financial Protection Agency (CFPA) that would defend famil...

Bipartisanship Is Not a Substitute for Real Reform

Heather Booth | Posted 05.25.2011 | Politics
Heather Booth

Dodd is expected to release the financial reform bill this week. Since legislation usually doesn't get any better after it is introduced, if we are going to get a strong, independent Consumer Financial Protection Agency, we have to act now.

Shahien Nasiripour

FDIC Chairman Sheila Bair Committed To Independent Consumer Agency | Shahien Nasiripour | Posted 05.25.2011 | Business

One of the nation's top banking regulators reiterated her support for an independent agency to protect borrowers from predatory lenders, putting her a...

Ryan Grim

Senator Promises Floor Fight For Strong CFPA | Ryan Grim | Posted 05.25.2011 | Politics

The Consumer Financial Protection Agency, a cornerstone of banking reform, won't go down without a floor flight. Sen. Jack Reed of Rhode Island, the t...

Weekly Audit: The GOP Hates Jobs

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Zach Carter, Media Consortium blogger Through inaction and timid legislative negotiations, Congress just keeps letting the U.S. sink deeper and dee...

Ryan Grim

Even Watered-Down CFPA Doesn't Satisfy Key Republican | Ryan Grim | Posted 05.25.2011 | Politics

Sen. Richard Shelby (Ala.), a key Republican negotiator on the Banking Committee, said that the idea of a Consumer Financial Protection Agency with in...

Shahien Nasiripour

Fresh Ideas From Leading Thinkers For True Financial Reform | Shahien Nasiripour | Posted 05.25.2011 | Business

What will it take to fix the nation's broken financial system? If anyone really knows for sure, it's the great minds gathering in New York for a confe...

Paul Krugman: Financial Reform Endgame | PAUL KRUGMAN | Posted 05.25.2011 | Business

We've been through the second-worst financial crisis in the history of the world, and we've barely begun to recover: 29 million Americans either can't...