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Consumer Financial Protection Agency

Shahien Nasiripour

Financial Crisis Panel: Greenspan FINALLY Acknowledges Existence Of Fraud, Says Fed Can't Handle CFPA (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Scroll down for video Read HuffPost's coverage of Wednesday and Thursday's hearings of the Financial Crisis Inquiry Commission While former Federal ...

Ryan Grim

Barney Frank Permanently Bans Staff From Communicating With Aide-Turned-Lobbyist

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

House Financial Services Committee Chairman Barney Frank (D-Mass.) has instituted a permanent ban on committee staff communication with Peter Roberson...

Shahien Nasiripour

Top Bank Regulator Changes Tune, Now Calls For Independent Consumer Agency

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

This story has been updated After months of criticizing the Obama administration's proposal to create a consumer-focused agency dedicated to protecti...

Shahien Nasiripour

Bank Lobbyists Fought For Very Thing They're Now Trying To Kill, Says Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Bank lobbyists are fighting to derail a key element of consumer protection which they fought to preserve just four years ago, threatening to kill fina...

Why the Financial Reform Is Not Much of a Reform

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

With this bill's passage, the Democratic Party will pat themselves on the back and move on to the next issue, praising a "reform" that is less than half done.

Polling for Dollars: Consumer Protection and Consumer Opinion

Ray Brescia | Posted 05.25.2011 | Politics
Ray Brescia

Should the same bank regulators who failed to stop the subprime tsunami have the sole authority to look out for consumers in the future?

Traded-In: These "Used" Senators Sold Out The Troops For Auto Dealer Cash

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

If you have a yellow "Support Our Troops" sticker on your car -- or even if you don't -- you should know the name of the Senators who just sold out our troops, their families, and our military readiness for easy cash offered by auto dealers.

Who's Afraid of the Bark? We Need Some Bite!

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

We had rules of the road during the bubble years, but there was no reliable enforcer. Regulators sat on their hands while consumers were put through the wringer.

What Would You Ask Tim Geithner If You Had the Chance?

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

Whatever the reasons, the Geithner Treasury Department has suddenly come out swinging. They're pugilists in pinstripes now. But while the rhetoric's encouraging, Geithner's record is cloudy at best.

Elizabeth Warren: 'Socratic With A Machine Gun'

New York Times | JODI KANTOR | Posted 05.25.2011 | Business

Ask Elizabeth Warren, scourge of Wall Street bankers, how they treat consumers, and her no-nonsense bob will shake with indignation....

FDR Had It Right: Consumer Protection Is About Ideas, Not Acronyms

Jesse Strauss | Posted 05.25.2011 | Politics
Jesse Strauss

History instructs that the "independence" of the regulator is beside the point. Consumer protection depends on altering the fundamental relationship between the buyers and sellers of financial products.

Waterloo Sunset: Financial Obstructionism Could Be GOP Political Suicide

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

Here's a word of advice for the opposition party: If you blockade financial reform and cozy up too publicly to the big banks, it could be your Waterloo.

Finally Holding Wall Street Accountable

Sen. Jon Tester | Posted 05.25.2011 | Business
Sen. Jon Tester

This bill is a big win for Main Street. It holds Wall Street accountable and preserves the critical role community banks have in strengthening communities, jobs, and small businesses.

Ryan Grim

Wall Street Power Play: Bankers In Bizarre Showdown With Auto Dealers

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Wall Street has found itself battling auto dealers in a last-ditch effort to block an amendment opposed by big banks from coming to the Senate floor. ...

Bankers Swarm Capitol Hill Because They Love You

Heather Booth | Posted 05.25.2011 | Politics
Heather Booth

With the bankers all over Capitol Hill advocating for these reforms, it is entirely unnecessary that anyone else do so. There is no need to find out more about the bill, or to contact your congressman.

Shahien Nasiripour

Brownback Defends Predatory Lenders In Misleading Letter To Pentagon

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

In his attempt to protect the right of predatory lenders to fleece America's troops and their families, Republican Senator Sam Brownback wrote a lette...

Financial Reform: It's the Derivatives, Stupid!

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Wall Streeters who get millions in bonuses to know better are still trading in derivatives. Nothing is preventing another financial collapse, when Wall Street will come crying to Washington for a new $700 billion

To Protect or Not to Protect? The Answer Depends on How You Ask the Question

Janis Bowdler | Posted 05.25.2011 | Home
Janis Bowdler

I will be the first to admit that debates on banking reform don't always leave people on the edge of their seats. But if you have been following the O...

The Payday Lenders Confront Their Mortality

Gary Rivlin | Posted 05.25.2011 | Politics
Gary Rivlin

There aren't many industries that might be wiped away in a few strokes of a pen; but then the country's payday lenders are hardly your average interest group.

Let's Eliminate the Auto-Loan Loophole

Rep. Keith Ellison | Posted 05.25.2011 | Politics
Rep. Keith Ellison

It should come as no surprise that the auto loans are incredibly profitable for the industry -- more than half of Ford Motor Company's $2.7 billion 2009 profit came from its financing arm.

In The Public Interest: Wall Street reform ain't over 'til it's over

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

The baseball philosopher Yogi Berra said "it ain't over 'til it's over." Anyone watching the Senate battle over Wall Street reform knows that. And d...

Back on the Street to Fight the STREET

Richard Trumka | Posted 05.25.2011 | Politics
Richard Trumka

Millions of Americans are living in fear--for their jobs. When a job disappears, working people are gripped with a fear that high-flying hedge fund ma...

Financial Reform: What Is Chris Dodd's Game Plan?

Reid Cramer | Posted 05.25.2011 | Business
Reid Cramer

So where to now? Will Dodd continue to negotiate with himself or will he find a good faith partner? Will the process lead to passing a bill or just a dynamic campaign issue for the mid-term elections?

Too Big to Succeed: Dodd's Proposal Creates a Cumbersome Bureaucracy

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

Once upon a time, it seemed as if our leaders understood that "too big to fail" meant "too big to exist." But in Sen. Dodd's financial reform bill, the big banks won't be dismantled -- they'll be watched ... by a committee.

Rachel Maddow Questions Geithner About Role At New York Fed: 'Where Were You?' (VIDEO)

Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner described the nation's financial crisis as "deeply unfair" to average Americans Tuesday, during an interview with ...