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Richard Cordray

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.

'This Makes Absolutely No Sense'

AP | Posted 12.08.2011 | Politics

WASHINGTON -- President Barack Obama says there's no reason why his nominee to lead the new consumer protection bureau shouldn't be confirmed by the S...

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.

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...

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.

Jennifer Bendery

White House Targeting GOP Senators In Seven States For Their Support

HuffingtonPost.com | Jennifer Bendery | Posted 12.05.2011 | Politics

WASHINGTON -- The White House is launching an aggressive, eleventh-hour media blitz this week aimed at pressuring Senate Republicans to confirm a stal...

Zach Carter

Scott Brown Follows In Elizabeth Warren's Footsteps

HuffingtonPost.com | Zach Carter | Posted 11.15.2011 | Politics

WASHINGTON -- Sen. Scott Brown (R-Mass.) endorsed President Barack Obama's nominee to head the new Consumer Financial Protection Bureau on Monday, acc...

Sam Stein

Obama Official: Consumer Watchdog's Appointment 'Obviously Would Help' Occupy Wall Street

HuffingtonPost.com | Sam Stein | Posted 01.03.2012 | Politics

WASHINGTON -- The Obama administration has been careful in its handling of the Occupy Wall Street movement, expressing sympathy with the sentiment beh...

The Consumers' Role in CFPB Supervision

Kevin L. Petrasic | Posted 12.24.2011 | Business
Kevin L. Petrasic

Recently, the Consumer Financial Protection Bureau (CFPB) released Version 1.0 of its Supervision and Examination Manual. The Manual represents perhaps the single most important document that will be issued by the new CFPB.

Amanda Terkel

CFPB Nominee Gains Key Support

HuffingtonPost.com | Amanda Terkel | Posted 12.18.2011 | Politics

WASHINGTON -- A bipartisan group of 37 attorneys general publicly gave their support to President Barack Obama's nominee to head the Consumer Financia...

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.

Richard Cordray: A Champion for Minority Communities

Wade Henderson, Esq. | Posted 12.06.2011 | Black Voices
Wade Henderson, Esq.

African Americans have long been targets of financial predators. The foreclosure crisis is still alive and well in communities of color, who are now on the wrong side of the largest wealth gap ever recorded.

Obama's CFPB Nominee Clears First Hurdle

AP | Posted 12.06.2011 | Politics

WASHINGTON -- The Democratic-run Senate Banking Committee has approved President Barack Obama's choice to head the new Consumer Financial Protection B...

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.

Congress Takes a Stand -- For Wall Street

Preeti Vissa | Posted 11.14.2011 | Politics
Preeti Vissa

While dressed up in fine rhetoric about "accountability" and "transparency," what Shelby and some of his colleagues are up to is a blatant attempt to thwart effective regulation of the financial industry.

Richard Cordray's Complicated CFPB Confirmation

Kevin L. Petrasic | Posted 11.13.2011 | Business
Kevin L. Petrasic

For the Consumer Financial Protection Bureau to be most effective and most insulated from politically-motivated criticism of its polices, it needs to be an agency that has a leadership structure with divergent views -- politically and otherwise.

Jennifer Bendery

Obama's Consumer Protection Nominee Ensnared In Political Fight

HuffingtonPost.com | Jennifer Bendery | Posted 11.06.2011 | Politics

WASHINGTON -- It may have been mostly for show, but the Senate Banking Committee on Tuesday held its nomination hearing for Richard Cordray, President...

Barney Frank Blasts GOP 'Arsonists' For Blocking Obama Nominees

The Huffington Post | Paige Lavender | Posted 11.02.2011 | Politics

Rep. Barney Frank (D-Mass.) sharply criticized Senate Republicans Friday for blocking President Barack Obama's nominees to head government agencies. ...

Moody's: Consumer Protection Bureau Will Be Good For Banks

The Huffington Post | Alexander Eichler | Posted 09.25.2011 | Business

The Consumer Financial Protection Bureau, a central component of the financial reform legislation passed last year, opened for business on July 21. It...

Friday Talking Points -- What Would Ronald Reagan Do?

Chris Weigant | Posted 09.21.2011 | Politics
Chris Weigant

Since the Republican Party now worships at the altar of "Saint Ronald of Reagan," it's always fun to point out the hard, cold fact that Reagan would simply not be acceptable to the Republican Party as it stands today.

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...

Obama Threatens To Veto GOP Bill Aimed At Weakening Controversial New Agency

AP | ALAN FRAM | Posted 09.19.2011 | Politics

WASHINGTON — The White House on Wednesday threatened to veto a House Republican bill that would curb the powers of the new Consumer Financial Pr...