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Consumer Financial Protection Agency

"New Dems" In Congress Paid $100K Each To Weaken Financial Reform

Jamie Court | Posted 05.25.2011 | Politics
Jamie Court

"New Democrats," who delayed consideration of the financial reform legislation bill last night until their demands on amendments were met, raised $6.5 million from firms in the financial sector.

The Dilemma's Innovator

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Instead of perpetuating the federal government's over-subsidization of homeowners and under-subsidization of renters, Congress should work to develop a housing policy that helps, not hurts, low-income households.

Barney Frank Disagrees With Obama On Fund, May Face Fight With Some Firms | Alison Vekshin | Posted 05.25.2011 | Politics

Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...

Bipartisan Blight 2: Will Dodd Kill Consumer Financial Protection Agency?

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

A new agency is essential. If Republicans want to stand with banks rather than consumers, let them. Bring the bill up, let Republicans filibuster it. Take that argument into the fall elections.

Showdown in Chicago

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.

Elizabeth Warren: Consumer Protection Agency Would Have Prevented Crisis (VIDEO)

Posted 05.25.2011 | Politics

Elizabeth Warren, the chair of the Congressional Oversight Panel created to oversee TARP bailout funds, made the case for financial reform and the cre...

Are States' Rights Right?

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Democrats have been increasingly willing to embrace state -- and local -- governments as partners rather than adversaries in both oversight and in substantive policymaking.

Where's The Plan On Foreclosures? Force Banks To Reduce Loans!

John Taylor | Posted 05.25.2011 | Business
John Taylor

The Fed needs to go on the offensive and force banks to reduce loans to reflect their real property values -- not the values based on a Wall Street Ponzi scheme that drove up housing costs.

Lobbyists Target House Financial Services Committee Today

The Huffington Post | Jenna Staul | Posted 05.25.2011 | Business

Lobbyists are honing in today on the House Financial Services Committee, which will begin marking up legislation on the controversial Consumer Financi...

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...

Shahien Nasiripour

States Should Be Allowed To Protect Consumers From Big Banks, Obama Says | Shahien Nasiripour | Posted 05.25.2011 | Business

President Barack Obama reaffirmed his commitment Friday to allowing states to adopt stronger consumer protection measures than the federal government ...

Ryan Grim

African-American Protest Against Obama Jobs Policy Heats Up In House | Ryan Grim | Posted 05.25.2011 | Politics

African-American Democrats in the House upped their pressure on President Obama on Wednesday, boycotting a final committee vote on a financial regulat...

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...

The Wild West of Credit Cards Can't Be Tamed by Laws Alone

Rep. Carolyn Maloney | Posted 05.25.2011 | Politics
Rep. Carolyn Maloney

It's the beginning of the end of wild-west business practices on the part of credit card issuers. The worst credit card offense -- rate hikes on existing balances -- stops today.

Why We Need Robust Consumer Financial Protection

Hilary O. Shelton | Posted 05.25.2011 | Business
Hilary O. Shelton

Our current system of consumer protection fails to protect Americans from basic exploitation and abuses that can cost individuals and families hundreds of thousands of dollars, and even their homes.

Sam Stein

White House Stresses Satisfaction With Progress Of Consumer Protection Reform | Sam Stein | Posted 05.25.2011 | Politics

White House officials on Wednesday insisted that they are satisfied with congressional action on regulatory reform legislation and disputed a Huffingt...

Prediction Impossible: How Protecting Consumers Is Like Protecting the Environment

Harry Moroz | Posted 05.25.2011 | Business
Harry Moroz

By using consumer well-being as a first principal, the Consumer Financial Protection Agency will consider the social costs of financial innovations.

Congress Has a Responsibility to Establish Strong Consumer Financial Protection

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

Congress has a responsibility to plug the holes in a broken financial system that allowed millions of families to watch their savings and wealth evaporate and their debt skyrocket