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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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Servicing Consent Orders
April 7, 2011 – 10:28 am

The undersigned national labor, civil rights, consumer and community organizations call on you to withdraw the proposed consent orders issued to the nation’s mortgage servicers and to work with the state Attorneys General and United States Department of Justice to obtain a joint settlement that addresses illegal servicing practices in a meaningful manner.

Adam Levitin CFPB Testimony
April 6, 2011 – 2:46 pm

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Mr. Chairman Capito, Ranking Member Maloney, Members of the Subcommittee:
My name is Adam Levitin, and I am an Associate Professor of Law at the Georgetown
University Law Center in Washington, D.C., where …

Hilary Shelton CFPB testimony
April 6, 2011 – 2:40 pm

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“LEGISLATIVE PROPOSALS TO IMPROVE THE STRUCTURE OF THE CONSUMER FINANCIAL PROTECTION BUREAU”
April 6, 2011
Good morning, Chairwoman Capito, Ranking Member Maloney, and so many of my good friends here on the Subcommittee. …

CFPB Should Not Be Undermined
April 6, 2011 – 2:36 pm

Republican lawmakers should stand down in their efforts to delay and obstruct the shaping of the Consumer Financial Protection Bureau, which if properly implemented will go down in history as the most significant and innovative change to come out of the Dodd-Frank financial reform law.

AFR Statement on House Financial Services Subcommittee Hearing on Proposals To Weaken CFPB
April 6, 2011 – 2:35 pm

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AFR Statement on House Financial Services Subcommittee Hearing on Proposals To Weaken CFPB
Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together …

In The Public Interest: Congress Still Demonizing Elizabeth Warren, Meanwhile, Chase Rolls Out the $5 ATM Fee
April 6, 2011 – 2:29 pm

Incredibly, last week, in a letter to Professor Elizabeth Warren, House Financial Services Committee chairman Spencer Bachus (R-AL), along with key subcommittee chair Shelley Moore Capito (R-WV), all but accused Professor Elizabeth Warren of lying to Congress in her recent, excellent testimony on the work of the Consumer Financial Protection Bureau Implementation team.