Consumer Protection Agency

George Soros: Banks Are 'Too Connected To Fail'

Yahoo! News | Jennifer Ablan and Megan Davies | Posted 05.25.2011

Read More: George Soros, Financial Reform, Too Connected to Fail, Too Big to Fail, Consumer Protection Agency, Basell III, Financial Regulations, Business News

NEW YORK (Reuters) -- Billionaire investor George Soros said on Thursday that the U.S. financial regulation bill does not address the problem of a ban...

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Elizabeth Warren: We Need More Women On Wall Street

iVillage | KELLY WALLACE | Posted 05.25.2011

Read More: Consumer Czar, Wall Street Women, Consumer Protection Agency, Elizabeth Warren, Wall Street, Business News

Elizabeth Warren, the new consumer czar of the White House, has her work cut out for her: build a brand new federal agency charged with protecting Ame...

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Mortgage Banker's Forecast: More Regulation Will Cost Consumers and Taxpayers

Jerry Chautin | Posted 05.25.2011

Read More: D. C., Financing, District of Columbia, Washington, Bureau of Labor Statistics, RS Means, Obama, Obama Administration, Real Estate, Credit Crunch, Loan Fees, Great Recession, Consumer Protection Agency, Mortgage-Backed Securities, Business News, Marshall Swift, Landlords, Financial Institutions, Cmbs, Unemployment Rate, Triple a Rating, Job Creation, Standard and Poor?S, Credit Rating Agencies, Congress, Dodd-Frank, Barack Obama, Obama Stimulus, Mortgage Bankers Association, New Legislation, Wall Street Crisis, Federal Housing Finance Agency, Borrowing Money, Derivatives, Investor, Credit, Hometech, Business News
Jerry Chautin

Washington, D. C. is hot, but the rest of the nation is not when comparing our unemployment rates to the nation's capitol. "The largest over-the-month...

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Why Not Elizabeth Warren For Consumer Bureau Chief?

Fortune | Katie Benner | Posted 05.25.2011

Read More: Consumer Protection Agency, Elizabeth Warren Congressional Oversight Panel, Elizabeth Warren, Banks, Jamie Dimon, Credit Cards, Consumer Financial Protection Bureau, Business News

Someone like Warren is a shock to that system. She unabashedly sides with consumers. She hates fine print and contracts with "gotcha" clauses. She wan...

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Left, Right & Center: Obama's Presser; the Economy; 9/11 and a Florida Pastor

HuffPost Radio | Posted 05.25.2011

Read More: Obama, 9/11, Consumer Protection Agency, Banks, Elizabeth Warren, Economy, September 11th, 9/11 Anniversary, Politics News
HuffPost Radio

Bob and Tony were both unimpressed with Obama's press conference, but for very different reasons, while Arianna found a ray of hope in the hint that Elizabeth Warren would soon be named head of the Consumer Protection Agency.

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Stephen Colbert: Elizabeth Warren Could Have Oprah-Like Power (VIDEO)

Huffington Post | Sherry Shen | Posted 05.25.2011

Read More: Elizabeth-Warren, Stephen Colbert, Elizabeth Warren, Wall Street Reform and Consumer Protection Act, Barney Frank, Consumer Protection Agency, Financial Crisis, Colbert Report, Consumer Protection, Big Banks, Business News

On a recent episode of the Colbert Report, Stephen Colbert spoke to Barney Frank, Chairman of the House Financial Services Committee, about the possib...

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Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011

Read More: Elizabeth Warren, Ohio River, Wall Street Bailout, Kentucky Guardianship Administrators, Financial Reform, Nasdaq, Organized Crime, Addictions, Bank of America, Frank "Screw" Andrews, Cincinnati, Main Street, Jamie Dimon, Gary Rivlin, Northern Kentucky, Bailout, Broke USA, Consumer Protection Agency, American College, Personal Finance, Covington Kentucky, McNay Settlement Group, JP Morgan Chase, Drug Addicts, Nyse, Payday Lenders, Wells Fargo, Too Big to Fail, Move Your Money, Don McNay, Syndicate Wife, Working Poor, Structured Settlements, Screw Andrews, Poverty Industry, Wall Street, Vanderbilt University, Newport Kentucky, Banks, Eastern Kentucky University, Son of a Son of a Gambler, Million Dollar Round Table, Certified Structured Settlement Consultant, Hank Messick, Citigroup, Business News
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

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Four Ways To A Better Financial Reform Bill: David Leonhardt

nytimes.com | DAVID LEONHARDT | Posted 05.25.2011

Read More: Derivatives, Financial Reform, Senate Financial Reform, David Leonhardt, Wall Street Reform, Consumer Protection Agency, Federal Reserve, Captial Ratios, Leverage, Financial Regulation, Dodd Blll, Business News

So the Obama administration and Congress were smart to avoid the magic bullet trap: the wishful idea that one sweeping solution, like breaking up the ...

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Sam Stein

SEIU, Labor Directly Lobby Geithner On Elizabeth Warren's Behalf

HuffingtonPost.com | Sam Stein | Posted 05.25.2011

Read More: Mary Kay Henry SEIU, Seiu Warren Geithner, Warren Seiu, Consumer Protection, Elizabeth Warren, Consumer Protection Agency, Geithner Warren Consumer Protection, Politics News

The labor community is going to lend its considerable political clout to the effort to get Elizabeth Warren confirmed as the first head of the newly-c...

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Highlights Of The Financial Overhaul Bill (PHOTOS)

HuffPost/AP | Posted 05.25.2011

Read More: Capital-Cushions, Obama Financial Overhaul, Executive Pay, Obama Bank Restrictions, Financial Overhaul, Derivatives Reform, Derivatives Regulation, Government Spending, Oversight, Consumer Protection Agency, Federal Reserve, Credit Rating Agencies, Mortgage Loans, $700 Billion Bailout, Slidepollajax, Business News

Congress just passed a sweeping overhaul of America's financial regulatory system. The financial bill cleared the Senate by a vote of 60 to 39, and ...

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Protecting Consumers from Unchecked Interest Rates

Sen. Sheldon Whitehouse | Posted 05.25.2011

Read More: Consumer Protection Agency, Credit Cards, Interest Rates, National Bank Act, Financial Reform, Politics News
Sen. Sheldon Whitehouse

Americans used to enjoy protection from our states against outrageous interest rates -- until the big banks' lawyers found this loophole.

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Consumer Protection: Preempting the Myths Perpetuated by Big Banks

Richard H. Neiman | Posted 05.25.2011

Read More: Financial Crisis, Megabanks, Consumer Protection Agency, Consumer Protection, Federal Preemption, Business News
Richard H. Neiman

The myths that are being perpetuated against states' ability to protect consumers have reached a pinnacle. Three tired arguments are being recycled and must be exposed for what they are: negotiating tactics, not facts.

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As Senate Spars Over Reform, Banker Man Busts Loose

Pamela Banks | Posted 05.25.2011

Read More: Senate, Financial Reform, Consumer Financial Protection Agency, Banking, Consumer Protection Agency, Payday Loans, Dodd, Richard Shelby, Banking Reform, Business News
Pamela Banks

The U.S. Senate is debating a good reform bill now, and several senators are lined up to strengthen it even more. But banking lobbyists are working overtime to persuade senators to make the bill weaker.

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Financial Reform Debate Turns To Bill's Details

AP | DAVID ESPO | Posted 05.25.2011

Read More: Financial Reform Bill, The Financial Fix, Derivatives, Financial Reform, Senate Banking Committee, Consumer Protection Agency, Resolution Authority, Federal Reserve, Chris Dodd, Richard Shelby, Business News

WASHINGTON — Days of high-decibel partisanship yielded to slightly more subdued accusations as the Senate lurched into action Thursday on legisl...

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Ripped Off by Your Bank? Tell Us About It!

Iris Mack | Posted 05.25.2011

Read More: Bank of America, LA Times, Swiss Bank Account, Bank Reform, Ripped Off, Npr, Brian T. Moynihan, Wire Transfer, USA Today, Credit Suisse, Scam, Banking, New York Times, Consumer Protection Agency, Capital Hill, Customer Service, Bank of America Ceo, Elected Public Servant, Bank Account, Business News
Iris Mack

Have you ever been scammed or ripped off by your bank? If so, please tell us about it. Leave a comment about the creative tricks your bank has resorted to to nickel and dime you.

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Bank of America Wire Transfer: Lost in Space!

Iris Mack | Posted 05.25.2011

Read More: www.wilmott.com, Wire Transfer, Bank of America, Attorney, Account, Interest, Attorney General, Consumer Protection Agency, Better Business Bureau, Borrowing, Business News
Iris Mack

It seems that I have unwillingly made a 10 day ZERO interest loan to Bank of America.

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Goldman = WorldCom = 80+ Senate Votes

Mark Green | Posted 05.25.2011

Read More: Worldcom, Financial Regulatory Reform, Goldman Sachs, Senator Brown, Senator McConnell, President Obama, P, Wall Street, Enron, Consumer Protection Agency, Consumer Finance Protection Agency, Public Citien, President Bush, President Carter, Senator Dodd, Politics News
Mark Green

As Obama today returns to Cooper Union to reprise his arguments for financial regulatory reform, we know this: whatever the ultimate legal merits of the SEC's case against Goldman Sachs, the political impact now will be a game changer.

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Fed Will Be New Home Of The Consumer Financial Protection Agency

bloomberg.com | Alison Vekshin | Posted 05.25.2011

Read More: Senate Banking Committee, Barney Frank, Federal Reserve, Consumer Protection Agency, Consumer Finance Bureau, Barack Obama, House Financial Services Committee, Business News

U.S. Representative Barney Frank, the lead negotiator on the financial-overhaul legislation, has accepted the Senate's proposal to house a new consume...

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AP: How The Financial Bill Will Improve Oversight

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Congress, Financial Oversight, Community Banks, Financial Reform, Office of Thrift Supervision, Financial Crisis, Consumer Protection Agency, American International Group, The Financial Fix, Business News

WASHINGTON — Three things we know about the financial crisis: Big banks made reckless bets. They hid their weaknesses. And their regulators fail...

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Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011

Read More: Elizabeth Warren, Gamblers, Lobbyists, Addictions, Bailouts, Bribery, What to Do When You Win the Lottery, Legislatures, Northern Kentucky, Don Donoher, Donoher Center, Columbus Ohio, University of Dayton Basketball, Consumer Protection Agency, Gary Rivlan, Bill Faith, Dayton Kentucky, Bad Reputation, Wall Street, New York Stock Exchange, Lottery Winners, North Carolina, JP Morgan Chase, Drug Addicts, Citigroup, Mcnay, Ollie McNay, Loan Sharks, Too Big to Fail Banks, Bishop Fenwick High School, Pawnshops, Joe Nocera, Syndicate Wife, Joe McNay, Joan Jett, Tax Refund Modification Loans, Clu, High Interest, Louisville, Jackson Hewitt, Hustlers, Million Dollar Round Table, Son of a Son of a Gambler, Paycheck to Paycheck, Hank Messick, A Piece of the Action, Dayton Ohio, Ohio River, University of Dayton, Frank "Screw" Andrews, Main Street, Entrepreneurs, donmcnay.com, Bank of America, Martin Eakes, Broke USA, Legalized Loan Sharks, Political Fundraising, American College, Personal Finance, Lexington, Covington Kentucky, Msfs, Chfc, Payday Lenders, Short Term Loans, Msm, Kentucky, Don McNay, Nasdaq, Prostitutes, Working Poor, Screw Andrews, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Loan Sharking, Newport Kentucky, Eastern Kentucky University, New York Times, Cssc, Too Big to Fail, Books News
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

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Support troops and families with consumer protection agency

Craig Newmark | Posted 05.25.2011

Read More: Veterans, Troops, Consumer Protection, Consumer Protection Agency, Home News
Craig Newmark

Some of the people who need protection from financial predators are the families of troops serving overseas. The folks at Treasury are talking to tro...

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Elizabeth Warren: 'Socratic With A Machine Gun'

New York Times | JODI KANTOR | Posted 05.25.2011

Read More: Elizabeth Warren, Consumer Financial Protection Agency, Predatory Lending, Cfpa, Consumer Protection Agency, Big Banks, Consumer Protection, Business News

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

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Dodd Bill Passed By Senate Banking Committee

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: Dodd Bill Amendments, Dodd Bill, The Financial Fix, Dodd Reform Bill, Senate Banking Committee, Wall Street Reform, Cfpa, Consumer Protection Agency, Chris Dodd, Dodd Financial Reform Bill, Business News

WASHINGTON — Democrats sent a massive Wall Street regulation bill to the full Senate on a party line vote Monday after a temporary retreat by Re...

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NYTimes Op-Ed Says Fed Will Always Protect Economy Over Consumer

nytimes.com | DANIEL CARPENTER | Posted 05.25.2011

Read More: Daniel Carpenter, Consumer Protection Agency, Chris Dodd, Federal Reserve, Financial Reform, Business News

Embedding consumer protection in the Fed could be worse than imperfect. By giving the imprimatur of a consumer protection office to an agency that has...

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Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011

Read More: JP Morgan Chase, Elizabeth Warren, American Bankers Association, Citigroup, CEO Pay, Financial Speculation Tax, Taxpayer Bailout, Jobs, Bankers, Congress, Obama, Afl-Cio, Warren Buffet, Goldman Sachs, Bank of America, Labor, Wall Street, Edward Yingling, Consumer Protection Agency, Bonuses, Unions, Richard Trumka, Business News
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.

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