Markets

Consumer Agency Will Makeover A Complex Document That’s Baffled Home Buyers For Years

[credit provider=”John Moore/Getty Images” url=”http://www.gettyimages.com/detail/news-photo/brandie-barbiere-tries-to-explain-to-her-husband-dan-news-photo/128281025″] Could a makeover of mortgage disclosure forms be the solution to consumer confusion and lender frustration? President Obama’s year-old Consumer Financial Protection Bureau (CFPB) thinks so, and it’s devised a simple replacement for a complex document that has frustrated and baffled home buyers and lenders […]
Consumer Agency Will Makeover A Complex Document That’s Baffled Home Buyers For Years
Markets

Richard Cordray Is Putting The Smack Down On Payday Lenders

[credit provider=”Flickr / Available_Light ” url=”http://www.flickr.com/photos/available-light/1372534662/”] The federal government’s crackdown on abusive financial practices that take advantage of the working poor is ramping up even before the new cop on the beat – the Consumer Financial Protection Bureau – steps into the fray.The Federal Trade Commission on Monday filed suit against […]
Richard Cordray Is Putting The Smack Down On Payday Lenders
Markets

Occupy Wall Street Wants To Reboot Our Credit Reporting System

[credit provider=”Robert Johnson — Business Insider” url=”http://www.businessinsider.com.au/author/robert-johnson”] The Alternative Banking group of Occupy Wall Street is looking to Richard Cordray, director of Consumer Financial Protection Bureau, to revamp our credit scoring system. In a letter sent last week, the group made 10 suggestions for what the CFPB should do as it takes over rule-making […]
Occupy Wall Street Wants To Reboot Our Credit Reporting System
Markets

SOUND OFF: Consumers Are Hitting The CFPB With Payday Lender Complaints

[credit provider=”motleye” url=”http://www.flickr.com/photos/motleye/”] Ever since Richard Cordray slipped behind the wheel of the previously headless Consumer Financial Protection Bureau, the watchdog’s been gunning for one sector in particular: Payday lenders. At a jam-packed press conference in Birmingham, Ala. on Friday, Cordray took to the mic to blast emergency lenders and other […]
SOUND OFF: Consumers Are Hitting The CFPB With Payday Lender Complaints
Markets

The CFPB Just Rolled Out A Road Map For How It Will Police Mortgage Lenders

[credit provider=”By dancingnomad3 on Flickr” url=”http://www.flickr.com/photos/dancingnomad3/4286281762/”] Just days after Richard Cordray slipped into the director’s chair, the agency said it was ready to start cracking down on those much-maligned nonbank mortgage lenders. Now we know exactly how they plan to do that. 
The CFPB Just Rolled Out A Road Map For How It Will Police Mortgage Lenders
Markets

The CFPB Will Finally Get To Take Shady Nonbank Lenders To Task

[credit provider=”motleye” url=”http://www.flickr.com/photos/motleye/”] Less than a day into his new position as director of the Consumer Financial Protection Bureau, Richard Cordray announced a new arm of the agency that will police nonbanking entities. A nonbank is pretty much any kind of lender or consumer financial product service that doesn’t have a […]
The CFPB Will Finally Get To Take Shady Nonbank Lenders To Task
Markets

Richard Cordray’s Controversial Appointment Could Be Big News For The Housing Market

[credit provider=”Flickr/ProgressOhio” url=”http://www.flickr.com/photos/progressohio/4363571704/”] Barely a few hours after the White House confirmed that President Obama would use a controversial recess appointment to install former Ohio Attorney General Richard Cordray as the director of the Consumer Financial Protection Bureau,both Obama and Cordray were sitting at the dining room table of Endia […]
Richard Cordray’s Controversial Appointment Could Be Big News For The Housing Market
News

Obama’s Pick For The New Consumer Watchdog Agency Was Just Blocked By The Senate

[credit provider=”Flickr ProgressOhio” url=”http://www.flickr.com/photos/progressohio/4363571978/in/photostream/”] The Senate was unable to reach the 60-vote threshold to override a Republican filibuster on the nomination of Richard Cordray to be the first director of the Consumer Financial Protection Bureau in a 53 to 45 vote Thursday morning, with one Senator voting ‘present.’The White House […]
Obama’s Pick For The New Consumer Watchdog Agency Was Just Blocked By The Senate
Markets

Obama Struggles To Hang On To Consumer Watchdog Leader

[credit provider=”AP Photo/Jim Cole”] Last week President Obama bade a reluctant farewell to Donald M. Berwick, his frustrated centres for Medicare and Medicaid Services Administrator who departed government after 16 months because he couldn’t win Senate confirmation.   The issue? Republicans didn’t like his favourable views on the president’s health care reforms […]
Obama Struggles To Hang On To Consumer Watchdog Leader
News

The White House Wants Banks To Help In An All-Out Blitz To Confirm The First Consumer Financial Protection Chief

[credit provider=”Flickr ProgressOhio” url=”http://www.flickr.com/photos/progressohio/4363571978/in/photostream/”] The Senate is set to vote on Richard Cordray’s nomination to head the controversial Consumer Financial Protection Bureau on Thursday, and the White House is pulling out all the stops to get him confirmed — including reaching out to banks opposed to the watchdog agency.The CFPB […]
The White House Wants Banks To Help In An All-Out Blitz To Confirm The First Consumer Financial Protection Chief
Markets

A 100 Day Progress Report For The CFPB

The fledgling Consumer Financial Protection Bureau may have rung in its 100th day in business by defending its progress before Congress last week, but the hotly contested organisation is chugging right along to push forward new consumer-driven initiatives. 
A 100 Day Progress Report For The CFPB
News

Arkansas Democrat Puts All Treasury Department Nominations On Hold Because Of Dispute With FEMA

[credit provider=”flickr / JRockefellerIV” url=”http://www.flickr.com/photos/jrockefelleriv/5740364149/”] Sen. Mark Pryor (D-AR) just announced that he is putting all nominations for the Treasury Department on hold over a dispute with FEMA in Arkansas.We’re not sure of the details yet, but Pryor said “I’m going to hold all of their nominees until we sit down […]
Arkansas Democrat Puts All Treasury Department Nominations On Hold Because Of Dispute With FEMA
Markets

Meet Richard Cordray: An Undefeated Jeopardy Champion And The Man Obama Wants To Run The CFPB

[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Richard_Cordray.jpg”] President Obama will nominate former Ohio Attorney General and Democrat Richard Cordray to head the Consumer Financial Protection Bureau, Reuters reported.This follows months of speculation that Elizabeth Warren, who spearheaded the establishment of the new agency, might be named its chief.
Meet Richard Cordray: An Undefeated Jeopardy Champion And The Man Obama Wants To Run The CFPB