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CFPA and Nonbanks: A Snapshot

Our friends at the National Consumer Law Center have put together a great two-page report on the dire need for federal regulation of non-bank lenders.  The report focuses on the problems created by the current lack of regulation of debt collectors and debt buyers, credit

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Jeff Gelles on Why We Need an Independent CFPA

Columnist Jeff Gelles recently wrote this piece about the importance of creating an independent Consumer Financial Protection Agency (CFPA).  He focuses on the way current regulators, specifically the OCC, failed to do anything to effectively protect consumers.  He speaks of one man’s trouble with abusive

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NPR: Soros Supports the CFPA

George Soros has made billions of dollars predicting the ups and downs of global financial markets.  In this discussion with NPR’s Steve Inskeep he strongly endorses the creation of a Consumer Financial Protection Agency (CFPA). Listen here.

Video: SNL Presidents Unite to Support the CFPA

Click here to watch!   Then call your Senators toll free (866-544-7573) and tell them to support financial reform. Will Ferrell, Fred Armisen, Chevy Chase, Dan Aykroyd, Dana Carvey and Darrell Hammond, the Saturday Night Live actors who have played every American president since Gerald Ford

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AIG, Greece, and the Problem with Derivatives

The New York Times recently posted this editorial about the connection between Greece’s financial problems and Wall Street and the need for better regulation of derivatives trading. As Greece has tottered on the brink of fiscal chaos, threatening to drag much of Europe down with

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President Obama Refocuses on Foreclosure Prevention

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