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News Story
7/12/2017
Posted by Mark Reback
The debate over the Consumer Financial Protection Bureau’s newly-issued arbitration rule is frequently billed as a fight for consumer advocacy or against byzantine bureaucracy. But behind each side of the argument, groups with vested interests have spent millions on lobbying related to the regulation or on bankrolling the...
News Story
2/21/2017
Posted by Connor
The United States Consumer Financial Protection Bureau has come under increasing fire from Republican lawmakers who now have the Trump administration to back their efforts. Long-time critic Rep. Jeb Hensarling, R-Texas, who chairs the U.S. House of Representatives Financial Services Committee, compared the bureau to a tyranny in a recent interview...
News Story
10/9/2015
Posted by Mark Reback
Twenty-five consumer groups urged the Federal Trade Commission and Consumer Financial Protection Bureau on Thursday to open an investigation into the recent Experian hack that exposed the personal information of nearly 15 million individuals. In a letter sent to FTC Chairwoman Edith Ramirez and CFPB Director Richard Cordray, the groups...
News Story
3/5/2015
Posted by Mark Reback
The United States Consumer Financial Protection Bureau has made great strides in carrying out its mission, which is to ensure consumers are fairly treated in the financial marketplace, Director Richard Cordray said Tuesday in delivering the bureau's semiannual report at a House Financial Services hearing. The bureau's qualified mortgage...
Blog Post
1/5/2012
Posted by Carmen Balber
I'm starting to recognize that guy behind the podium. President Obama took a strong stand for consumers not once, but twice, yesterday, first when he did an endrun around Wall Street (and Senate) obstructionists to finalize the appointment of his nominee to head the new financial consumer watchdog agency, and again when his Dept. of Health...
Blog Post
1/4/2012
Posted by Carmen Balber
President Obama shut down the Wall Street lobby today with a recess appointment of Richard Cordray to head his new consumer financial watchdog agency. Wall Street's lackeys in Congress, spearheaded by nearly every Republican Senator, spent the last year and a half trying to block the agency from doing its job to protect consumers from the...