A recent editorial in the New York Times talked about new steps that President Obama has authorized to deal with the needs of homeowners dealing with foreclosures, especially unemployed homeowners and those with underwater mortgages. However, there are still problems with the government’s plans, as the author of this piece pointed out: So it was
The Hill recently published this Opinion piece from business owner Lya Sorano about the way that a Consumer Financial Protection Agency would help small businesses. She says: The Chamber of Commerce and the bank lobbyists have falsely represented the interests of small businesses particularly aggressively in their fight to kill a new Consumer Financial Protection
Make Markets Be Markets: A Groundbreaking Conference Hosted by the Roosevelt Institute On March 3rd, the Roosevelt Institute gathered some of the nation’s leading financiers, economists, and former regulators to release a report outlining critical actions needed to reform the nation’s financial system. Watch the conference on their website. Authors include: Elizabeth Warren, Simon Johnson,
This information is courtesy of AFR member the National Consumer Law Center: In the debate over the Consumer Financial Protection Agency (CFPA), some have argued that an independent CFPA might issue rules that jeopardize bank safety and soundness. However, as with other agencies whose actions to protect public safety can have an impact on important
Ann Brown, former Chair of the US Consumer Product Safety Commission, recently submitted this Op-Ed to The Hill in support of a CFPA. She says: As former chair of the U.S. Consumer Product Safety Commission, I know a product when I see one. Mortgages or credit cards may not take up counter space or fit
Deborah Jackson, is one member of a group of businesswomen who went to Congress this week to speak on behalf of a Consumer Financial Protection Agency. Watch Deborah’s interview below and learn more about the group here: