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Zach Carter

New York Fed Economists: Bush-Era Bankruptcy Law Fueled Over 200,000 Foreclosures | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Economists at the New York Federal Reserve have concluded that a controversial 2005 law backed by banks and credit card companies pushed...

Zach Carter

CFPB May Crowdsource Payday Lender Crackdown | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- The new Consumer Financial Protection Bureau rolled out a preliminary version of its website on Thursday, and with it a few indications ...

Zach Carter

Fed Officially Abandons Plan To Gut Predatory Lending Rule | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- The Federal Reserve Board of Governors confirmed Tuesday that it will not proceed with plans to gut a principal federal remedy for preda...

State of the Union Predictions

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Obama is likely to lean more heavily on "reaching out" to Republicans. He knows full well that if anything legislative is going to get done in the next two years, Republicans are going to have to be on board.

Zach Carter

Fed Caves On Predatory Lending Rule | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- Following a public outcry from consumer advocates, the Federal Reserve is quietly backing down from a plan to gut the most significant f...

Shahien Nasiripour

Obama Consumer Agency May Not Be Able To Oversee Payday Lenders, Mortgage Firms | Shahien Nasiripour | Posted 05.25.2011 | Business

The nascent consumer agency dedicated to protecting borrowers from abusive lenders, a cornerstone of the Obama administration's efforts to reform the ...

Shahien Nasiripour

Holly Petraeus To Be Elizabeth Warren's Pick For Top Post In New Consumer Protection Agency (EXCLUSIVE) | Shahien Nasiripour | Posted 05.25.2011 | Business

Elizabeth Warren, the Obama administration appointee now establishing a consumer financial protection agency, plans to name the wife of General David ...

Chamber Of Commerce Raising Money To Fund Lawsuits Against Regulation, Reform

The Center For Public Integrity | Peter H. Stone | Posted 05.25.2011 | Politics

Even as it plowed tens of millions of dollars into ads this year to help mostly Republicans notch Congressional victories, the U.S. Chamber of Commerc...

Shahien Nasiripour

Warren Helped Shoot Down Bill That Would Have Sped Foreclosures, Calendar Shows | Shahien Nasiripour | Posted 05.25.2011 | Business

Elizabeth Warren was the first senior Obama administration official to recognize the potentially incendiary impact of a bill that would have made it s...

Peter S. Goodman

Republicans Criticizing Elizabeth Warren's Lack Of Transparency Had No Problems With Dick Cheney | Peter S. Goodman | Posted 05.25.2011 | Business

Recently enough that you may still recall it, a secretive, paranoid man who had previously headed a major multinational energy company found himself v...

William Alden

GOP Lawmakers: Elizabeth Warren's Job 'Undermines' Constitution | William Alden | Posted 05.25.2011 | Business

In the letters Reps. Spencer Bachus and Judy Biggert sent to the Treasury and the Federal Reserve, the GOP lawmakers challenge the legality of Elizabe...

Post-Election Attacks on Financial Regulation Ignore the Lessons of the Recent Past

Barbara Roper | Posted 05.25.2011 | Business
Barbara Roper

If doing the same thing repeatedly and expecting a different result is the definition of insanity, then post-election pronouncements from Republican leaders regarding financial regulatory reform are nothing short of insane.

GOP Targets Consumer Agency, Wants 'Rigorous' Oversight

The Huffington Post | William Alden | Posted 05.25.2011 | Business

In a challenge to the recent financial reform legislation, House Republicans sent letters asking inspectors to exert "rigorous" oversight on the new C...

Top GOP Leader Wants To Trim Back New Consumer Agency, Reforms

Reuters | Dave Clarke and Rachelle Younglai | Posted 05.25.2011 | Business

WASHINGTON (Reuters) -- Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they reg...

Sam Stein

No Summers Love-In: New Book Paints Unflattering Picture Of Summers | Sam Stein | Posted 05.25.2011 | Politics

In a soon-to-be-released book about the inner workings and turmoil that dominated the Obama administration's first two years in office, one figure eme...

'Wall Street's Favorite Democrat' Could Head Consumer Protection Agency

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The first head of the Consumer Financial Protection Bureau could be Wall Street-friendly Rep. Melissa Bean, Politico's Morning Money reports, citing "...

Face-to-Face With Elizabeth Warren: Envisioning a 21st Century Consumer Agency for All Americans

Preeti Vissa | Posted 05.25.2011 | Business
Preeti Vissa

Elizabeth Warren's new agency has, in Warren's words, "the capacity to change the consumer credit market forever," and for the better. For that very reason, there are forces seeking to destroy it before it even opens its doors.

Are Treasury's Knives Coming Out Against Elizabeth Warren?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

It's somewhat astonishing that Treasury officials would be working to paint Warren as some kind of prima donna. These silly stories raise troubling questions about what they may be leaking with fewer fingerprints and greater ramifications.

WATCH Ex-SEC Chairman: Financial Reform Bill 'An Irrational Mess'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Congress "ducked" on financial regulation, neglecting to solve the problems that caused the financial crisis, former SEC chairman Arthur Levitt said. ...

JPMorgan CEO: I Was Never 'In Love' With Obama

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Jamie Dimon, CEO of JPMorgan Chase, was never "in love" with President Obama, he told Fortune's Duff McDonald in an interview released Tuesday. The ba...

In The Public Interest : The More You Know, The More You Know We Need A Strong CFPB

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

This month's story, dear reader, is about sloppy bank servicing of mortgages, starting with the infamous robo-signers and now escalating to every elem...

Shahien Nasiripour

WATCH: Elizabeth Warren Decries Fine Print In Contracts As 'Shrubbery To Hide Muggers' | Shahien Nasiripour | Posted 05.25.2011 | Business

White House adviser Elizabeth Warren wants to make it easier for consumers to understand loan products by reducing the amount of "useless" information...

Shahien Nasiripour

Elizabeth Warren Extends Olive Branch, Borrows Idea From Lenders In First Major Speech | Shahien Nasiripour | Posted 05.25.2011 | Business

In her first major speech as a member of the Obama administration, middle-class advocate Elizabeth Warren reached out to the heads of the nation's big...

Elizabeth Warren Was Paid To Be An Expert Witness In Cases Against Bailed-Out Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

While acting as a government-appointed bailout watchdog, Elizabeth Warren, whom President Obama appointed this month to lead the creation of the Consu...

Lessons Learned From the Appointment of Elizabeth Warren

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

Some are dissatisfied with the president for not going through a confirmation process in the Senate with Elizabeth Warren. His concerns were real about getting the 60 votes to override the filibuster that was certain to come from the Republicans.