Consumer Bureau Finds Support on Its First Day Ben Protess (NYT/Dealbook) July 21, 2011 The Consumer Financial Protection Bureau formally opened for business on Thursday, much to the consternation of Congressional Republicans. But as conservative lawmakers step up their attacks on the new regulator, aiming
Editorial – Consumer watchdog Toledo Blade editorial July 21, 2011 ―The choice of former Attorney General Richard Cordray to head the federal Consumer Financial Protection Bureau could add some bite to President Obama’s promise to protect consumers against unscrupulous lenders. That is, unless Senate Republicans
Dodd-Frank rules slowly kick into consumers’ lives Dorothy Zhang (Medill News Service) July 21, 2011 ―The Dodd-Frank law is slowly kicking into U.S. consumers‘ lives, one year after the most sweeping U.S. financial regulation since the Great Depression was enacted. … The cap on swipe
Majority Of Americans Support Strong Consumer Protection Agency: Poll James Sunshine (Huffington Post) July 21, 2011 ―As of Thursday, the Consumer Financial Protection Bureau is open for business. And many Americans have already expressed their support. The poll, sponsored by the AARP, Americans for Financial
Huffpost Hill – Congress Still Targeting Olds Huffington Post July 20, 2011 “OCC Still a Sick Joke Masquerading as a Federal Agency – Remember when all those state regulators wanted to crack down on predatory lending in, like, 2004? And remember when the OCC stepped
New agency arrives with broad powers to police financial products Connie Prater (Creditcard.com) July 20, 2011 ―In what consumer groups are heralding as a historic moment for American families, a new federal consumer financial watchdog agency officially opened for business Thursday. It is doing so,
Elizabeth Warren‘s Summer Grilling Gary Rivlin (The Daily Beast) July 14, 2011 ―Summer is the season of reruns, so anyone tuning in this morning to watch the latest appearance of Elizabeth Warren on Capitol Hill can be forgiven for thinking they‘ve seen this show before.
Report says speculation accounts for 83 cents per gallon of gasoline prices Olivia Kabat (WMNF – FL) July 12, 2011 ―Those high gasoline prices you’re paying at the pump may have a lot to do with Wall Street speculation. According to a new report, because
Dodd-Frank Act Forcing Banks to Slim Down, Reshape Swaps: One Year Later Clea Benson and Phil Mattingly (Bloomberg) July 11, 2011 ―Jamie Dimon keeps a tally of the ways Wall Street already has been affected by the largest overhaul of financial regulation in generations. At
Regulators industry cozy up at conferences Laura Hautala (Politico) July 10, 2011 ―Want to talk to a Dodd-Frank rule writer? Try Las Vegas. Traveling to glitzy locales to meet with regulators responsible for ironing out the details of the new financial regulation law has been