January 4, 2012 – 11:02 am | Comments Off

Consumers won today when President Obama defied Wall Street interests to make a recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau. President Obama stood with consumers and families in making this crucial decision.

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NYTimes: A Secretive Banking Elite Rules Trading in Derivatives
June 30, 2011 – 12:39 pm

by Louise Story
December 11, 2010
“On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big …

LA Times: Homeowners deserve more than halfhearted mortgage relief
June 30, 2011 – 8:31 am

Michael Hiltzik
June 28, 2011
“Almost anywhere you look, assessments of the state of the economic recovery are muddled — job growth is positive but fading, consumer spending ebbs and flows, corporate profits are surging but corporate …

NYTimes: In U.S. Monetary Policy, a Boon to Banks
June 30, 2011 – 8:22 am

June 29, 2011
By Jesse Eisinger, Propublica
“The most pronounced development in banking today is that executives have become bolder as their business has gotten worse.
The economy is clearly weaker than expected, and housing prices are …

Drivers could have saved $41 on gas – Wall Street speculation being blamed for prices
June 29, 2011 – 3:55 pm

Drivers could have saved $41 on gas – Wall Street speculation being blamed for prices
Shannon Halligan (22 News – Springfield, MA)
June 29, 2011
―A new report out says gas prices could have been 83 cents lower …

NAAG Comment Letter to the OCC
June 29, 2011 – 3:48 pm

Read a letter from the National Association of Attorneys General criticizing the OCC preemption rules here.

AFR’s Letter to FHFA Acting Director DeMarco on Servicing Models of GSEs
June 29, 2011 – 11:15 am

Read our letter to FHFA Acting Director DeMarco addressing servicing models of GSEs here.