iOS app Android app

Consumer Financial Protection Agency

Mortgages, Greece & Obama's Budget: The Global Financial Literacy Crisis

Adam Levin | Posted 04.17.2012 | Business
Adam Levin

Once upon a time in America, Greek was routinely included in the curriculum of a liberal arts education. Today, we don't necessarily need to speak the language, but we do need to better understand what's happening.

WATCH: Jon Stewart Slams Republicans Over Recess Appointment 'Outrage'

Posted 01.06.2012 | Comedy

President Obama flexed his muscles ever-so-slightly this week when he made a recess appointment of Richard Cordray as head of the Consumer Financial P...

President Obama Appoints Cordray to Head CFPB Over Republican Obstruction

David Arkush | Posted 03.05.2012 | Politics
David Arkush

This morning President Obama appointed former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau. It's was the right move, and it's about time.

President Obama's Next Moves on Leadership for the Consumer Financial Protection Bureau

David Arkush | Posted 02.13.2012 | Politics
David Arkush

As expected, last week Senate Republicans blocked President Obama's nomination of Rich Cordray to lead the new CFPB. They continue to hold the agency hostage, taking the unprecedented step of blocking its leadership unless the agency is first weakened.

Elizabeth Warren: Voice of the 99 Percent

Bob Burnett | Posted 02.08.2012 | Politics
Bob Burnett

In the run up to the 2012 elections, Barack Obama will define himself as the champion of the middle class -- as compared to the Republican candidate. But the real populist, the one who gives voice to the 99 percent, will be Elizabeth Warren.

CFPB Ratchets Up Consumer Complaint Surveillance

Kevin L. Petrasic | Posted 02.07.2012 | Business
Kevin L. Petrasic

As the CFPB continues the process of ramping up its supervisory operations and consumer protection programs, a unique brand of consumer complaint supervision is emerging.

GOP senators' position on consumer finance bureau matches industry lobby

The Center for Public Integrity | Posted 02.07.2012 | Politics
The Center for Public Integrity

By Ben Hallman and John Dunbar, iWatch NewsFive months after its formation, the new federal agency tasked with safeguarding the financial interests ...

Don't Filibuster Cordray

Sen. Kay R. Hagan | Posted 02.07.2012 | Politics
Sen. Kay R. Hagan

The Consumer Financial Protection Bureau was created to protect consumers. But Republicans are planning to filibuster the confirmation of Richard Cordray as the director of the CFPB, effectively neutralizing the bureau's power to protect consumers.

White House, Senate Democrats Turn Up the Heat on Cordray Nomination to Head New Consumer Agency

David Arkush | Posted 02.05.2012 | Politics
David Arkush

The American people have gone too long without someone in the federal government looking out for them instead of the big banks. And House Republicans do not actually have the power to block a recess appointment indefinitely.

Catherine New

How Banks Get You On Overdraft Fees [GRAPHIC]

HuffingtonPost.com | Catherine New | Posted 11.22.2011 | Business

Under pressure from regulators and lawyers, nearly all banks have stopped the predatory practice of reordering debit-card purchases to gouge customers...

Mike Sacks

Democrats Try To Overturn Supreme Court's Anti-Consumer Rulings

HuffingtonPost.com | Mike Sacks | Posted 12.20.2011 | Politics

WASHINGTON -- It's not abortion or affirmative action -- or, for that matter, campaign finance -- but a series of recent cases on arbitration has shar...

Fact Check: The Real Reasons Republicans in Congress Are Blocking Richard Cordray at CFPB

Stephanie Cutter | Posted 12.06.2011 | Politics
Stephanie Cutter

Republicans in Congress have looked for any excuse to avoid admitting that they are seeking to weaken new consumer protections -- here are the facts behind their attacks on this important new watchdog for consumers.

Update: My Apology to Willie Geist

Joanne Bamberger | Posted 11.22.2011 | Politics
Joanne Bamberger

Some Massachusetts observers are worried that voters won't be interested in Warren because she's not a "real" politician. But that's exactly why they will want her as their next senator.

Consumers Be Damned: Senator Shelby, Captain Queeg and the Politics of No

Adam Levin | Posted 11.15.2011 | Politics
Adam Levin

Last week's hearing on the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau featured prepared speeches that were utterly without sound and fury but still managed to do a huge disservice to American consumers.

On Lehman Day, Elizabeth Warren Runs Against "Wall Street's Favorite"

Mary Bottari | Posted 11.15.2011 | Business
Mary Bottari

Elizabeth Warren announced that she was running against Scott Brown for a U.S. Senate seat on the eve of the anniversary of the Lehman Brothers collapse. For many, Lehman's bankruptcy marks the day the wheels came off the bus and the U.S. economy went over a cliff.

Middle Class Families vs. Big Banks

Sen. Elizabeth Warren | Posted 11.08.2011 | Politics
Sen. Elizabeth Warren

It's time for Republicans in the Senate to put the interests of hard working middle class families over the special interests of large financial institutions. We've got to speak out and make sure our fellow Americans know the truth.

Borrower Nightmares: Navy pension signed over as collateral for costly quick cash

The Center for Public Integrity | Posted 10.19.2011 | Business
The Center for Public Integrity

By Jason McLure, iWatch News 6:00 am, August 19, 2011It was a run of bad luck that put Dr. Louis Kroot and his wife, Kathie, in debt in late 20...

No Need for Consumer Financial Protection Bureau

Harry L. Langer | Posted 10.03.2011 | Politics
Harry L. Langer

There is no need for a Consumer Financial Protection Bureau. It is another unnecessary, costly, and cumbersome government bureaucracy that cannot be justified on a cost/benefit basis.

Shahien Nasiripour

Elizabeth Warren's Farewell Note: 'I Leave This Agency, But Not This Fight'

HuffingtonPost.com | Shahien Nasiripour | Posted 09.28.2011 | Business

WASHINGTON -- Elizabeth Warren, rebuffed by the White House, today leaves the consumer agency she conceived of and created to return to academic life ...

Borrower Nightmares: Soldiers battle car dealers over inflated prices, loan terms

The Center for Public Integrity | Posted 09.24.2011 | Business
The Center for Public Integrity

By Michael Hudson, iWatch News 6:00 am, July 25, 2011Lori Mendoza saw an advertisement last year from South Colorado Springs Nissan, a dealersh...

Is Enforcement Bad for Business, Mr. Banker? Boehner's Boys'll Fix That for Ya, Permanent-Like

Richard (RJ) Eskow | Posted 09.21.2011 | Politics
Richard (RJ) Eskow

H.R. 1315 passed yesterday on the one-year anniversary of Dodd/Frank's passage. It turns out that the House Republicans don't just have a droll sense of humor. They're sentimental, too.

Holly Patraeus: Veteran Advocate At Consumer Protection Bureau

AOL Daily Finance | Loren Berlin | Posted 09.20.2011 | Business

Sometimes, catastrophes can lead to changes that better protect us -- and by "us," I mean the residents of Main Street -- average Americans whose voic...

Consumers and Lenders Both Better Off With Fully Functioning CFPB

Dory Rand | Posted 09.20.2011 | Business
Dory Rand

I tend to be a "glass half full" optimist, so I'm pretty happy about the launch of the Consumer Financial Protection Bureau. The "half empty" part that tempers my celebration is the fact that the president delayed his nomination and passed over Elizabeth Warren.

Republicans Fight To Weaken New Consumer Protection Agency, Obama Threatens Veto

AP | JIM ABRAMS | Posted 09.20.2011 | Politics

WASHINGTON — The House greeted the official opening Thursday of the new agency to protect consumers from financial abuse by voting to change its...

Majority Of Americans Support Strong Consumer Protection Agency: Poll

The Huffington Post | James Sunshine | Posted 09.20.2011 | Business

As of Thursday, the Consumer Financial Protection Bureau is open for business. And many Americans have already expressed their support. The agency,...