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Consumer Protection Agency

Support troops and families with consumer protection agency

Craig Newmark | Posted 05.25.2011 | Home
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...

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....

Dodd Bill Passed By Senate Banking Committee

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

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...

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

nytimes.com | DANIEL CARPENTER | Posted 05.25.2011 | Business

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...

Lame Bill from a Lame Duck

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The Senate financial regulatory reform bill has only a nod in the direction of a return to the Glass-Steagall Act's separation of investment and banking firms, a regulation that Dodd helped kill a decade ago.

Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011 | Business
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.

Raising Ruckus in DC: Can Obama Make Progressives Care Again?

Ted Johnson, Maegan Carberry, Teresa Valdez Klein | Posted 05.25.2011 | Politics
Ted Johnson, Maegan Carberry, Teresa Valdez Klein

On today's Wilshire & Washington: Did everyone enjoy the Jim Bunning Saga of Obstruction? When did acting childish and churlish (and not getting anyth...

Ryan Grim

Dodd: Put CFPA Inside Federal Reserve

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Sen. Chris Dodd (D-Conn.) reached out to fellow members of his Banking Committee on Monday to float the latest proposal for a compromise Consumer Fina...

Paul Krugman: Financial Reform Endgame

nytimes.com | 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...

Obama May Relent On Consumer Protection Agency

Washington Post | David Cho and Brady Dennis | Posted 05.25.2011 | Politics

The Obama administration is no longer insisting on the creation of a stand-alone consumer protection agency as a central element of the plan to remake...

David Moss: Limiting Financial Leverage Is 'By Far The Most Important Thing We Can Do' To Prevent Another Crisis

baselinescenario.com | David Moss | Posted 05.25.2011 | Business

What will it take to prevent such a calamity from ever happening again? We should certainly address the bookends of the crisis: common-sense regulati...

Beware Misleading Ads on Financial Reform Airing on Denver Area TV

T.A. Taylor-Hunt | Posted 05.25.2011 | Denver
T.A. Taylor-Hunt

You've probably seen it. Foreboding music. Brooding black and gray colors. Images of money changing hands by cigar smoking men. Bold lettering flashing "Big Bank Bailouts."

Bank Of America CEO Brian Moynihan Signals Openness To Consumer Protection Agency

Posted 05.25.2011 | Business

Brian Moynihan, Bank of America's new CEO, may not oppose the creation of a federal consumer-protection agency, the Wall Street Journal reports this m...

What Next for Democrats?

Guy T. Saperstein | Posted 05.25.2011 | Politics
Guy T. Saperstein

Democrats need to stop feeling sorry for themselves and stop issuing idiotic statements that they can't "mathematically" do anything. "Mathematics" didn't stop Republicans and there's no reason for Democrats to act paralyzed now.

Simon Johnson: Obama Should Launch An Antitrust Investigation Into Major Banks

baselinescenario.com | Simon Johnson | Posted 05.25.2011 | Business

Instead of pursuing the issue of those "too big to fail" financial institutions exclusively through legislation, the administration could launch inste...

Obama Consumer Agency: President Steps Up Fight, Holds Private Meeting With Dodd

nytimes.com | JACKIE CALMES and SEWELL CHAN | Posted 05.25.2011 | Business

Mr. Obama personally weighed in on Tuesday in a one-on-one meeting at the White House with Senator Christopher J. Dodd, Democrat of Connecticut and ch...

Simon Johnson: Democrats Likely To Lose In November Unless They 'Run Hard' Against The Big Banks Now

baselinescenario.com | Simon Johnson | Posted 05.25.2011 | Business

The theme for the November midterms should be: Which part of the 8 million jobs lost [since December 2007] do you not understand? The big banks must ...

Bank CEOs Say They'll Get Behind Reform - Should You Believe Them?

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

What a difference a day makes. On the heels of President Obama's private confab with Wall Street executives, the Wall Street Journal reports that ...

Shahien Nasiripour

Obama Administration Praises Consumer Protection Bill, Deflects Criticism Of Loopholes

HuffingtonPost.com | 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...

Chris Dodd's Departure Could Endanger Potential Consumer Protection Agency

Ben Protess and Lagan Sebert | Huffington Post Investigative Fund | Posted 05.25.2011 | Politics

It's the question buzzing around Washington and Wall Street this week: Will Sen. Christopher Dodd's sudden retirement announcement further jeopardize ...

Source: "Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 05.25.2011 | Politics

A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

Dodd May Scrap Consumer Protection Agency

Wall Street Journal | DAMIAN PALETTA | Posted 05.25.2011 | Business

Senate Banking Committee Chairman Christopher Dodd is considering scrapping the idea of creating a Consumer Financial Protection Agency, people famili...

Obama Meets With Bank Executives

AP | TOM RAUM | Posted 05.25.2011 | Business

WASHINGTON — President Barack Obama implored top bankers Monday to help keep the fragile recovery from faltering by boosting lending to small bu...

Obama And The Banks: No Real Consensus On Financial Reform

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — After meeting with bank executives, President Barack Obama noted "a big gap" between the CEOs and their lobbyists on his campaign t...

AP: Obama's Consumer Agency May Still "Die Along The Way"

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders trea...