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Consumer Financial Protection Agency

Wall Street: the Real Roadblock to Economic Recovery

Anna Burger | Posted 05.25.2011 | Business
Anna Burger

When I think about what still needs to be done to build a true economic recovery, I think about workers such as Maria Guerra.

Shahien Nasiripour

Obama Administration Praises Consumer Protection Bill, Deflects Criticism Of Loopholes | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration on Friday strongly praised a House committee's vote to create a new federal consumer financial protection agency, despite the...

House Panel Says States Can Protect Consumers

AP | ANNE FLAHERTY | Posted 05.25.2011 | Politics

WASHINGTON — The House Financial Services Committee agreed Wednesday to ensure states can impose their own tough consumer protection laws agains...

The 12 Legislative Battles To Look Forward To In 2010

Posted 05.25.2011 | Politics

The past year was grueling for Democrats trying to getting major legislation passed -- with most of the focus on health care reform. But 2010 will be ...

Invite Regular Folks to the White House

Trey Ellis | Posted 05.25.2011 | Politics
Trey Ellis

To re-energize the angry many that elected him, Obama needs to publicly bar representatives of the powerful few from the White House until they agree, concretely, to better serve the angry many.

The Consumer Financial Protection Agency and the Coming Paradigm Shift in Financial Services

Reid Cramer | Posted 05.25.2011 | Politics
Reid Cramer

Once Congress closes the door on health care reform, the next legislative fight on deck is how to reform the financial sector that led us to the precipice of economic catastrophe.

Turning Up the Pressure on the U.S Chamber of Commerce

Josh Nelson | Posted 05.25.2011 | Green
Josh Nelson

Companies should only be members of the Chamber of Commerce if they support hyper-conservative anti-regulatory policies across the board, and aren't afraid to show it.

Consumer Advocates Push For Auto Industry Watchdog In CFPA Legislation

AP | EMERY P. DALESIO | Posted 05.25.2011 | Business

RALEIGH, N.C. — Consumer advocates argued Wednesday that Congress should include auto dealers under the oversight of a proposed finance industry...

Ryan Grim

GOP Tried To Block Elizabeth Warren From Heading Agency She Proposed | Ryan Grim | Posted 05.25.2011 | Politics

The person leading a regulatory agency is often more important than the structure and the scope of its powers. Think of Alberto Gonzales or Elliot Spi...

Notes on the FCIC Hearings

Mike Konczal | Posted 05.25.2011 | Business
Mike Konczal

So what did we learn from the FCIC hearings? Over the course of two days we learned that the largest bank CEOs don't feel a conflict between their underwriting and their trading process.

Clear and Present Conflict of Interest. How Bad Does it Have to Be?

David Donnelly | Posted 05.25.2011 | Politics
David Donnelly

Rep. John Campbell (R-Calif.) has taken $170,550 in campaign contributions from auto dealers. Who do you think he wants to exempt from the provisions of the Consumer Financial Protection Agency bill?

In The Public Interest: It's Time for Main Street to Score a Win - Will Congress Do the Right Thing?

Ed Mierzwinski | Posted 05.25.2011 | Business
Ed Mierzwinski

In 2010, will the Senate be able to reject the self-serving demands of the bank lobby and protect Main Street?

Ryan Grim

Bean Amendment Beaten Back (For Now), A Blow To Wall Street | Ryan Grim | Posted 05.25.2011 | Politics

In a major defeat for Wall Street banks, Rep. Melissa Bean (D-Ill.) has decided to withdraw an amendment that divided Democrats as they seek to impose...

Will We Curb Wall Street's Casino?

Robert L. Borosage | Posted 05.25.2011 | Business
Robert L. Borosage

Today, the House will begin marking up the first legislation to try to reform Wall Street. If you think the health insurance companies are packing heat, wait till you see the firepower the banks will unleash to frustrate reform.

Banking on Disaster

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

Goldman Sachs's announcement that it will pay 2009 bonuses for its top executives in stock should be met with a collective yawn.

Obama Slaps Congress, Lobbyists In Push For Consumer Protection Agency (VIDEO, REMARKS)

Posted 05.25.2011 | Business

The White House on Friday renewed its push for a consumer financial protection agency with President Obama and a senior economic official warning Cong...

Elizabeth Warren: Financial Rules 'Literally Don't Work Anymore,' Regulations Should Be 'Clear And Painful'

Posted 05.25.2011 | Business

Elizabeth Warren, a professor at Harvard Law School who has more recently assumed the role of chairwoman of the Congressional Oversight Panel for the ...

News Flash: Lenders Prefer Fragmented Regulation of the Consumer Financial Marketplace

Norman I. Silber | Posted 05.25.2011 | Business
Norman I. Silber

Regulators appear to have placed a higher value on protecting the interests of those who sell financial products than on the interests of consumers of transparent, safe, and fair financial products.

Car Dealers Exempt From New Consumer Protection Agency

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

The House Financial Services Committee approved a key amendment Thursday, 47-21, to keep automobile dealers exempt them from a new government consumer protection agency.

Don't Make Health Care Reform Like Financial Reform

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Federal preemption is complex and not simply a contest between state and federal governments. But the battle is one that matters to industry greatly, and so should matter to consumers as well.

Jason Linkins

GOP Rep. Tells House Finance Committee That Banks Should "Trump" Consumers | Jason Linkins | Posted 05.25.2011 | Business

Over at the Wonk Room, Pat Garofalo pulls video of Representative Jeb Hansarling (R-Tex.) sitting on the House Financial Services Committee as they ma...

Bipartisan Blight

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Health care reform suffered the torments of partisan obstruction. Now gird yourself for financial reform and the perils of bipartisan blight.

The Chamber of Commerce's Jobs Deception Campaign

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

Unions are popularly known as "the folks who brought you the weekend." In contrast, the U.S. Chamber of Commerce has the distinction of trying to take away a long and ugly list of benefits.

The Consumer Financial Protection Agency: It Can Be Done, But Let's Do It Right

Jonathan B. Mintz | Posted 05.25.2011 | New York
Jonathan B. Mintz

Few realize that America is at a critical moment in the history of consumer protection. Last week Barney Frank led the House to pass landmark legislation that focused on protecting consumers.

The Dominance of the Financial Sector Has Become a Mortal Danger to Our Economic Security

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The financial sector, including the big insurance companies, has morphed into a cancer growing on our economy -- a cancer that could easily strangle our prospects for long-term economic security.