iOS app Android app

Consumer Financial Protection Bureau

Recess Appointments: Backlash to Blackmail

Leo W. Gerard | Posted 03.10.2012 | Politics
Leo W. Gerard

Obama rebuffed Republican abuse. He called a legislative session that opens for three minutes every 72 hours while 99 Senators are vacationing what it is: recessed. And he made the appointments the country has needed for a long time.

Obama's Newest Nominee Called Smart, Tough

AP | By JULIE CARR SMYTH | Posted 01.09.2012 | Politics

COLUMBUS, Ohio -- Former Ohio Attorney General Richard Cordray's contentious tumble onto the national stage has been anything but typical for the inte...

President's Recess Appointment of Cordray Gives Watchdog Teeth It Needs

Ed Mierzwinski | Posted 03.09.2012 | Business
Ed Mierzwinski

Kudos to President Obama for standing up for consumers this week by making a recess appointment of Richard Cordray to head the new Consumer Financial Protection Bureau.

Why Obama Has the Right to Appoint Cordray

Karen K. Harris | Posted 03.07.2012 | Politics
Karen K. Harris

Although it is very likely that Cordray's recess confirmation will be challenged, it is clear that President Obama had both the legal authority and moral obligation to make this appointment.

Jennifer Bendery

Republicans Press Justice Dept On Legality Of Recess Appointments

HuffingtonPost.com | Jennifer Bendery | Posted 01.06.2012 | Politics

WASHINGTON -- House and Senate Republicans fired off letters to the Justice Department on Friday demanding to know what role the agency played, if any...

Consumers Need a Strong Financial Protection Bureau

Algernon Austin | Posted 03.07.2012 | Politics
Algernon Austin

5.1 percent of loans made to whites from 2004 to 2008 ended in foreclosure. For African Americans, the rate of foreclosure is 9.8 percent. For Latinos, it is 11.9 percent, more than double the white rate.

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...

Jennifer Bendery

Richard Cordray: My Appointment Is Valid

HuffingtonPost.com | Jennifer Bendery | Posted 01.05.2012 | Politics

WASHINGTON -- Less than a day after his controversial recess appointment, Richard Cordray on Thursday moved full steam ahead with his plans for runnin...

In First Speech, Cordray Vows To Target Shadow Banking Industry

Reuters | Posted 03.06.2012 | Business

By Dave Clarke WASHINGTON, Jan 5 (Reuters) - In his first speech as head of the Consumer Financial Protection Bureau, Richard Cordray...

What Is A Recess?

AP | By ALAN FRAM | Posted 01.04.2012 | Politics

WASHINGTON -- The Constitution lets presidents make temporary appointments while the Senate is in recess but does not specify what a recess is or how ...

Dave Jamieson

Inviting Fury From GOP, Obama Doubles Down On Recess Appointments

HuffingtonPost.com | Dave Jamieson | Posted 01.05.2012 | Politics

WASHINGTON -- Doubling down on President Barack Obama's bold recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, t...

Jennifer Bendery

Obama Skips Chance To Appoint Richard Cordray To Consumer Protection Agency

HuffingtonPost.com | Jennifer Bendery | Posted 01.03.2012 | Politics

WASHINGTON -- President Barack Obama chose not to use his authority to appoint Richard Cordray to the Consumer Financial Protection Bureau on Tuesday,...

Jennifer Bendery

Obama Has Tiny Window To Appoint Consumer Protection Chief

HuffingtonPost.com | Jennifer Bendery | Posted 12.29.2011 | Politics

WASHINGTON -- President Barack Obama has been pressing the Senate for months to confirm Richard Cordray as the director of the new Consumer Financial ...

Ombudsman Office I helped create at CFPB Will Field Consumer Financial Complaints

Rep. Carolyn Maloney | Posted 12.21.2011 | Politics
Rep. Carolyn Maloney

Despite not having a confirmed director, the Consumer Financial Protection Bureau has already demonstrated how effective it can be. Only in the most polarized political environment could its goals be considered controversial.

Killing America One Vote at a Time: Why the CFPB Matters

Adam Levin | Posted 02.14.2012 | Politics
Adam Levin

As we approach November 6, 2012, there are a few things you should ponder before reflexively casting a ballot for the guy whose name seems most familiar. Let's look at the numbers.

Chase Simplifies Checking Accounts, Explains Fees And Conditions

AP | CANDICE CHOI | Posted 02.14.2012 | Business

NEW YORK — Chase is making its checking account easier to understand. The bank said Thursday it will start providing a three-page disclosure th...

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.

Americans Are Greater Together

Leo W. Gerard | Posted 02.11.2012 | Politics
Leo W. Gerard

"We all do better when we all do better." Republicans don't ascribe to that. They want to set up a country where every person is responsible for every aspect of daily life, from ensuring drinking water is safe to reducing workplace hazards.

With Nominations, the Senate GOP Legislates by Gridlock

Marge Baker | Posted 02.08.2012 | Politics
Marge Baker

They are abusing their positions and throwing sand in the gears of the Senate to make it harder for ordinary Americans to get our day in court and to defend ourselves against the powerful. It's a deeply cynical strategy, and ultimately a deeply harmful one.

The Fed's Secrets and the Unfinished Work of Financial Reform

Preeti Vissa | Posted 02.07.2012 | Business
Preeti Vissa

The work of financial reform is far from done. Knowing now what they should have known a couple of years ago, Congress should revisit major structural reforms like restoring Glass-Steagall.

Brian Moynihan Should Cut Ties With Payday Lenders

George Goehl | Posted 02.07.2012 | Business
George Goehl

If any bank represents the need to have a regulator in place that protects people on consumer financial issues, it's Bank of America. America's bank has become a symbol for all that is wrong with the financial sector.

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.

Jennifer Bendery

Senate GOP Blocks Obama Nominee

HuffingtonPost.com | Jennifer Bendery | Posted 02.07.2012 | Politics

WASHINGTON -- Senate Republicans on Thursday blocked an effort to put someone in charge at the Consumer Financial Protection Bureau, a move that preve...

Consumer Bureau Developing Simpler Credit Card Form

The Huffington Post | Jillian Berman | Posted 12.07.2011 | Business

Imagine a credit card agreement that's short, to the point and easy to understand. If one federal agency gets its way, what you're picturing could bec...

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.