What’s high on the hit list in Washington DC today? The new Consumer Financial Protection Bureau, which was created to defend you from lying and predatory lenders. The financial industry hates the bureau and wants it gone. Their lobbyists and legislators couldn’t stop it from being enacted into law. Now, they’re trying to cripple it [...]
Posts Tagged ‘Consumer Financial Protection Bureau’
- The House slashes consumer protection. Is it obeying the law?
- POSTED 02.25.11
Has Congress found a way to exert its political will on the supposedly independent Federal Reserve Board? And, in the process, murder the infant Consumer Financial Protection Bureau?
If so, say goodbye to future, broad actions to save consumers from credit card and other financial abuse, including the enforcement of current laws. Government action against deception [...]
Can the Republicans de-fund the Consumer Financial Protection Bureau? The answer is no – at least, not as the law stands now. As far as is possible, Congress sheltered the bureau from hostile political interference.
Supporters of the law took a lesson from what happened at the Securities and Exchange Commission, when financial lobbyists poured cash [...]
- Private student loans: 6 ways to make them better
- POSTED 08.10.10
Private student lenders swing wide their doors in August, when families struggle to raise the money needed for this school year. You can borrow from banks, some credit unions, and specialized institutions such as Sallie Mae.
New laws and regulations have cleaned up some of the misleading tactics families faced in the past. [...]
Harvard law professor Elizabeth Warren dreamed up the idea of a Consumer Financial Protection Bureau, which Congress authorized as part of Wall Street reform. She campaigned for it tirelessly and understands the issues better than anyone else. She’s the most qualified person, by far, to become its first director – the one that will [...]
