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Consumer Financial Protection Bureau

Consumer Watchdog's Latest Targets

AP | DANIEL WAGNER | Posted 04.17.2012 | Business

WASHINGTON — The nation's new cop on the consumer-finance beat is zeroing in on debt collectors and credit reporting companies. The Consumer Fi...

D.M. Levine

An FDA for Wall Street's Risky Business

HuffingtonPost.com | D.M. Levine | Posted 02.14.2012 | Business

Are exotic financial derivatives as risky as untested prescription drugs? Two University of Chicago economists say possibly. As noted by economist Ste...

Alabama's Largest City Looks For Alternatives To Payday Lenders

The Huffington Post | Alexander Eichler | Posted 02.10.2012 | Business

The biggest city in Alabama is putting its payday lenders on notice. Bankers and community leaders in Birmingham, Alabama met Thursday to discuss d...

Michael McAuliff

GOP Senators Promise To Join Suit Against Obama Recess Appointments

HuffingtonPost.com | Michael McAuliff | Posted 02.04.2012 | Politics

WASHINGTON -- A group of 39 Republican senators signed on to a letter Friday promising to join lawsuits against President Obama's recent recess appoin...

Alice Hines

Rent-A-Center CEO: New Consumer Bureau Won’t Have Authority Over Us

HuffingtonPost.com | Alice Hines | Posted 02.03.2012 | Business

Ahead of Sunday's Super Bowl, many cash-strapped football fans will head to Rent-A-Center, America's largest "rent-to-own" retailer, to look for TVs. ...

Stop Over-the-Top Attacks on the Office of Legal Counsel, and Focus on Governing

Caroline Fredrickson | Posted 04.03.2012 | Politics
Caroline Fredrickson

Please -- cut the hyperbole, senators, and get back to work.

CFPB Weighs in on International Money Transfers

Kevin L. Petrasic | Posted 04.02.2012 | Business
Kevin L. Petrasic

At the most basic level, the issue remains how to implement increased consumer protections without increasing the costs that are passed onto consumers to provide such benefits.

Government Agency Continues Its Fight Against Abusive Debt Collectors

The Huffington Post | Alexander Eichler | Posted 01.31.2012 | Business

The government's efforts to police debt collectors -- an ongoing battle that has drawn in countless ranks of cash-strapped consumers in recent years -...

Michael McAuliff

GOP Boycott Of Consumer Finance Watchdog Fizzles

HuffingtonPost.com | Michael McAuliff | Posted 01.31.2012 | Politics

WASHINGTON -- A Republican boycott of the first official Senate testimony of President Obama's consumer finance watchdog fizzled Tuesday, as only half...

Marcus Baram

SEC Probes Deutsche Bank's 'Crap' CDOs

HuffingtonPost.com | Marcus Baram | Posted 01.30.2012 | Business

The Securities and Exchange Commission investigates a Wall Street behemoth over claims that it assembled and sold a package of subprime mortgage-backe...

Level the Playing Field for Consumers

Lisa Madigan | Posted 03.24.2012 | Chicago
Lisa Madigan

A recent Chicago Tribune editorial expresses concern for the future well-being of every financial company -- from payday lenders to big banks -- now t...

Ben Hallman

New Consumer Cop Picks First Fight With Big Banks

HuffingtonPost.com | Ben Hallman | Posted 01.20.2012 | Business

Picking his first public fight with the banking industry, Washington's top consumer cop, Richard Cordray, promised on Thursday that his examiners will...

Who Will Republicans Choose When It Comes to the Nation's Courts?

April Carson | Posted 03.14.2012 | Politics
April Carson

The battle over Mr. Cordray's nomination is over. It is time for Senate Republicans to take up the business of the nation's courts and address the nearly 200 million Americans living in jurisdictions with courts unable to function as designed.

Ten Free Checking Accounts For People Who Don't Bank

Reuters | Posted 03.13.2012 | Business

By Lou Carlozo (Reuters) - The unbanked make up 7.7 percent of U.S. households, according to the Federal Deposit Insurance Corp., and...

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...