Topic: Consumer Financial Protection Agency

A profile of Harvard Law professor and consumer activist Elizabeth Warren in today's New York Times suggests the roots of her passion for an independent Consumer Financial Protection Agency. Warren grew up seeing relatives ruined by financial fraud and bankruptcy. As Professor ...

Financial Reform Gets A Boost

President Barack Obama on March 22 reiterated his commitment to pass financial reform legislation. The Obama Administration resisted imposing strong restrictions, or punitive measures, on the financial sector following the most acute phase of the financial crisis in late 2008. " In ...

The FSOC's Veto Over Consumer Finance

I'll continue to talk the rest of this week about the Dodd Bill - I'm working on approaching it a few different ways. a Consumer Financial Protection Bureau that has a reasonable amount of power and independence; regulation of derivatives; resolution authority ...
The Consumer Financial Protection Agency is part of the Dodd-Frank Bank Reform Bill. It levies fines against lenders who break its rules. It protects consumers in home real estate transactions, including title, escrow and financing businesses affiliated with realtors and homebuilders. It ...
With a financial reform package stalled in Congress, the business Twitterati can't help but think the bill will be as watered-down as a Coors Light. CFPA does nothing to stop banks gambling w/ other peoples $ or no $ at all. Dylan ...

The Regulation Shell Game

In the early proposals from the Senate Banking Committee the creation of an independent Consumer Financial Protection Agency (CFPA) was a centerpiece of the proposed Restoring American Financial Stability Act. Then the lobbyists got in the game, the Republicans on the Banking ...

Dodd: Watchdog must make rules, enforce them

WASHINGTON (Reuters) - Senator Christopher Dodd, chief negotiator for the Democrats in talks on a bipartisan financial reform bill in the Senate, on Thursday called for creating a new government ""A lot of attention is being paid to what address the new ...

Sen Shelby counters on financial consumer watchdog

WASHINGTON (Reuters) - A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.Senator Richard Shelby proposed making the watchdog a division of ...

The Death of the CFPA

Edmund Andrews, freed from the strictures of writing for the NYT, is proving to be a valuable addition to the econoblogosphere: Today he not only writes smartly about Chris Dodd's CFPA compromise, but also posts the actual document. It's well worth reading, ...

Financial reform compromise rebuffed in Senate

WASHINGTON (Reuters) - Marathon negotiations in the Senate on financial regulatory reform were set to continue on Sunday with a renewed focus on financial consumer protections after key Republicans rejected a compromise offer from the banking committee chairman.Sources told Reuters Saturday night ...