United States Congressman Elijah E. Cummings Ranking Member, Committee on Oversight and Government Reform http://democrats.oversight.house.gov/ 2471 Rayburn House Office Building Washington, DC 20515 (202) 225-4741 FAX (202) 225-3178 FOR IMMEDIATE RELEASE CONTACT: February 25, 2011 Paul Kincaid, 202-225-4289 Cummings Launches Major Investigation of Mortgage Servicer Abuses Ranking Member continues aggressive pursuit of foreclosure fraud (Washington,
Report Category: Policy & Analysis
Halfway to the CFPB: An AFR Progress Report
Six months after Wall Street reform legislation creating the new Consumer Financial Protection Bureau (CFPB) was signed, a leading coalition released Halfway to the CFPB: An AFR Progress Report on “Standing Up” the New Consumer Financial Protection Bureau. Today marks the halfway point in the year between the enactment and startup of the new CFPB, the
No More Kickbacks: New Rules Block Incentives to Rip Off Borrowers on Mortgages
Full implementation of the Dodd/Frank financial reform bill will create a dramatically fairer mortgage market Washington, DC – Until now it has been standard practice for many brokers and lenders to get kickbacks for putting borrowers in more expensive loans; the rules of the game have been rigged against the public. The new policy on
Wall Street Reform Bill Still Garnering Mass Applause
For Immediate Release July 19, 2010 Wall Street Reform Bill Still Garnering Mass Applause While Opponents Continue to be Disparaged for Their Motives Pittsburgh Post-Gazette Editorial: Wall Street reform: Congress makes the proper response to crisis, July 19: “The nation’s gravest financial crisis since the Depression demanded a government response that was just as wide-ranging. The
How Does Wall Street Show Its Love For Financial Reform? By Spending $1.4 Million Dollars A Day to Kill It
For Immediate Release July 14, 2010 Washington, DC – It seems that opponents of reform trying a Hail Mary pass to kill Wall Street reform. This morning Senate Minority Leader Mitch McConnell claimed big banks like Goldman Sachs are lining up behind legislation that would hold them accountable for 8 millions jobs lost. Now it’s Senator
Media Advisory: Senator Grassley Must Finish the Job for Main Street
MEDIA ADVISORY July 13, 2010 Amy Logsdon, Iowa Citizen Action Network, alogsdon@iowacan.org Senator Grassley Must Finish the Job for Main Street Advocates Urge Senator Grassley to Bring Financial Reform Over the Finish Line and Support Wall Street Reform Des Moines, Iowa— On Tuesday at 5:00 pm, Iowa residents will hold a press conference with “finish