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 ‘Elizabeth Warren’
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 [...]
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 [...]
- Will Consumers Force Washington to Curb Abusive Lending? Or Not.
- POSTED 04.15.10
We need a pro-consumer tea-party march on Washington–an angry march that tells the Senate we won’t take it anymore. Consumers are justly furious with banks that misled them about the costs and risks of their mortgages and credit cards, and skewered them with fees. President Obama wants to create a Consumer Financial Protection Agency, to [...]
