Today in Washington a great battle is unfolding between Republicans preparing to filibuster the nomination of Richard Cordray to lead the new consumer protection agency and Senator Elizabeth Warren (D-Mass.), who is battling to save the agency from these Republican attacks.
Consumer advocate and newly elected U.S. Senator Elizabeth Warren should oppose the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.
This is not what has happened to banks who knowingly sold bad mortgages to people who could not afford them, then sold them off to investors in the market bundled into AAA rated securities. So, why is criminal court off the table in the financial sector?
The CFPB, charged by law to protect consumers, has an equally important role to protect honest businesses. Mr. Cordray has repeatedly emphasized the value honest businesses accrue when dishonest businesses are driven out of the marketplace. He has made good on his promise.
What is striking about the DC Circuit opinion is not its bottom line, but the scope of its reasoning. Despite a pretense of constitutional modesty, the court decided the Recess Appointments issue on the broadest possible ground.
I hate to say it, because I wasn't a fan, but this never would have happened under George W. Bush. There was a president who got what he wanted.
There is a new sheriff in town and he carries a big stick. The sheriff's name is Richard Cordray, Director of the Consumer Financial Protection Bureau, and he is going to shake things up.
The CFPB, conceived by now Senator-elect Elizabeth Warren, is a very rare animal -- a bona fide start-up within the Federal Government. Don't snicker.
Without a doubt, more needs to be done to protect all borrowers from predatory lending and steering. Financial companies on Wall Street must be held accountable with tougher rules and enforcement to prevent the practices that caused the financial crisis.
A working market needs rules, and the Consumer Financial Protection Bureau is starting to level the playing field. That's a good thing for consumers -- and it didn't come a moment too soon.
In it first 365 days, the Consumer Financial Protection Bureau has already done more to protect the American public than this do-nothing Congress has accomplished since it was sworn in back in the dawn of 2011.
Our community's skepticism is warranted, but there is one reason to think that these latest efforts may be the precursor to true relief: Elected officials finally seem to have gotten the message that voters care about housing.
Financial problems consistently rank among the top stressors for military families. Mortgage problems at home can weigh heavily on those serving abroad and even affect mission readiness.
The message that government rules stifle economic activity is so pervasive that it's easy to forget that intelligent regulation can protect the economic well-being of ordinary Americans, preserving jobs and helping the whole economy.
Many U.S. attorneys general are working with each other and with the federal government to control and eventually eradicate the scourge that is unethical debt collectors, because just one strategy alone seems not to be enough.
State Senator Mark Leno has sponsored Senate Bill 890, also known as the "Fair Debt Buyer Practices Act." If signed into law, it will correct injustices that Californians have endured for years.