Dodd-Frank Can’t Be the End of the Story New Deal2.0 (Roosevelt Institute) July 21, 2011 ―One year after the passage of Dodd-Frank, Roosevelt Institute Fellow Mike Konczal invited experts and those on the front lines to weigh in on what‘s happened so far and what‘s
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
AFR sent a letter to members of Congress yesterday regarding a piece of legislation that would threaten the ability of the CFPB to sufficiently protect consumers. If enacted, this bill would virtually guarantee that the CFPB would be a weak and timid agency without the will or ability to curb the kind of financial abuses that caused the nation’s worst financial crisis since the Great Depression.
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
FOR IMMEDIATE RELEASE July 21, 2011 CONTACT: Ed Mierzwinski, U.S. PIRG 202-461-3821 John Carey, AFR, (202) 466-1854 New Report Highlights Reasons for New Consumer Protections Consumer Financial Protection Bureau “Stands Up” Today Washington, DC – The report, entitled “10 Reasons We Need The Consumer
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,
Read U.S. PIRG and AFR’s issue brief outlining the 10 reasons we need the Consumer Financial Protection Bureau here.