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Richard Cordray Cfpb

A Fresh Reminder To Never, Ever Take Out A Payday Loan

The Huffington Post | Ben Hallman | Posted 03.27.2014 | Business

There's never been much question as to whether taking out a payday loan is a sound financial decision. The short-term loans come with extremely high i...

Mississippians Report Financial Challenges to Consumer Protection Bureau

Bill Bynum | Posted 11.24.2013 | Impact
Bill Bynum

A big obstacle is the closing of bank branches in small towns and low-income neighborhoods. "When the bank told us they were leaving in five weeks, it set off a small panic," said Kenneth Broome, the mayor of Utica, Miss.

Obama Commends Cordray Confirmation, Work Of CFPB

AP | DARLENE SUPERVILLE | Posted 09.19.2013 | Politics

WASHINGTON — President Barack Obama is commending the work of a consumer protection agency created after the economic crisis. The Consumer Fina...

Amanda Terkel

WATCH: Elizabeth Warren's Big Smile After Senate Confirms Richard Cordray To Her Consumer Board

HuffingtonPost.com | Amanda Terkel | Posted 07.17.2013 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) could hardly hide her excitement on Tuesday, when the Senate finally voted to confirm Richard Cordray as...

Richard Cordray Confirmed As Consumer Financial Protection Bureau Director

AP/The Huffington Post | Posted 07.17.2013 | Politics

The Senate has voted 66-34 to confirm Richard Cordray as director of the Consumer Financial Protection Bureau. Sen. Elizabeth Warren (D-Mass.), who...

Senate Ends Blockade Against Obama Pick

AP | Posted 09.15.2013 | Politics

By THE ASSOCIATED PRESS WASHINGTON — The Senate has voted to end a two-year Republican blockade that was preventing Richard Cordray from winning ...

Warren Pushes Senate To Confirm Cordray

The Huffington Post | Paige Lavender | Posted 07.09.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) is urging Senate Republicans to confirm Richard Cordray as the director of the Consumer Financial Protection Bureau. ...

Ryan Grim

Harry Reid Punts Key Vote To July, Setting Up Filibuster Fight

HuffingtonPost.com | Ryan Grim | Posted 05.22.2013 | Politics

WASHINGTON -- The likelihood of a knockdown fight over the filibuster this summer increased on Tuesday as Senate Majority Leader Harry Reid (D-Nev.) p...

Shahien Nasiripour

Regulators Sound The Alarm About Risks Of Student Debt

HuffingtonPost.com | Shahien Nasiripour | Posted 04.23.2013 | Business

WASHINGTON -- The panel of senior U.S. regulators charged with safeguarding the financial system will warn this week about risks posed by the rapidly ...

Elizabeth Warren Accuses Senate GOP Of 'Keeping The Game Rigged'

The Huffington Post | Chelsea Kiene | Posted 03.14.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) blasted Senate Republicans on Thursday for continuing to stall Richard Cordray’s nomination to lead the Consumer Fin...

Jennifer Bendery

Mitch McConnell, 42 Republicans Vow To Block CFPB Nominee Without Agency Changes

HuffingtonPost.com | Jennifer Bendery | Posted 02.01.2013 | Politics

WASHINGTON -- Get ready for a replay of last year's bitter fight over confirming Richard Cordray to lead the Consumer Financial Protection Bureau. ...

GOP Senators Vow To Block Another Obama Nominee

AP | JIM KUHNHENN | Posted 04.03.2013 | Politics

WASHINGTON — Renewing a 3-year-old fight over bank oversight, Senate Republicans said Friday they will oppose President Barack Obama's nominee t...

Happy Birthday!

The Huffington Post | Bonnie Kavoussi | Posted 07.20.2012 | Money

The Consumer Financial Protection Bureau will have its first birthday on Saturday, but we're only cautiously celebrating. The watchdog agency's long-t...

Watchdog To 'Stop Discrimination In Its Tracks'

Reuters | Posted 06.18.2012 | Money

By Dave Clarke WASHINGTON, April 18 (Reuters) - The new U.S. consumer financial watchdog said on Wednesday it will aggressively pursue...

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...

Max J. Rosenthal

Scott Brown's Strategic Silence On Stock Ownership

HuffingtonPost.com | Max J. Rosenthal | Posted 03.26.2012 | Politics

WASHINGTON -- Sen. Scott Brown (R-Mass.) is touting President Barack Obama's call for legislation banning insider trading by members of Congress as a ...

Obama-Appointed Watchdog Taking Tough Stand

AP | DANIEL WAGNER | Posted 03.25.2012 | Politics

WASHINGTON — The government's new consumer finance watchdog agency is prepared to sue companies that offer unfair or deceptive mortgages and cre...

Cordray Dialing CEOs Of Major Banks To Win Support

Reuters | Posted 03.14.2012 | Business

* Top bankers among scores of introductory calls * Says protecting consumers and supporting honest businesses * Tells re...

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.

Is Obama's Cordray Appointment Unprecedented? Not By a Longshot

Adam Levin | Posted 03.07.2012 | Business
Adam Levin

If circumventing gridlock in order to promote the financial "health, safety and welfare" of the American people by way of a recess appointment during a highly questionable non-recess recess gets us to the finish line, sign me up.

Michael McAuliff

White House, Dems: If Congress Isn't In Recess, Why Isn't It Working?

HuffingtonPost.com | Michael McAuliff | Posted 01.05.2012 | Politics

WASHINGTON -- With Republicans complaining that President Obama made recess appointments while Congress is not in recess, House Democrats Thursday sug...

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 ...

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.