Topic: Consumer Financial Protection Agency
WASHINGTON (Reuters) - The Obama administration's proposal to create a new U.S. agency to protect financial consumers is fast losing support in the U.S. Senate Banking Committee, said lobbyists and analysts on Tuesday.In a potential setback for the White House, committee members ...
WASHINGTON (Reuters) - How Senator Christopher Dodd handles his final months in office is suddenly the big question surrounding U.S. efforts to tighten financial regulation, with some analysts now expecting a more moderate reform.The Democratic chairman of the Senate Banking Committee -- ...
He wrote of a particularly egregious case of payday lending in New Mexico.. He, however, sees this as a perfect example of why we need a Consumer Financial Protection Agency: I hope that the New Mexico attorney general does manage to get ...
More than a year after a collapsing housing market knee-capped the U.S. economy, Congress took a big step Friday to rewrite the rules of the game for financial companies. The House passes sweeping legislation, the Senate sits on it and the lobbyists ...
We are now in the midst of a very important national debate. To take just one example, consider the Consumer Financial Protection Agency present in both the House and Senate Bills. There's no doubt that many consumers have been battered by bad ...
The administration of President Barack Obama in June proposed relatively modest financial-sector reforms. Senate Banking Committee Chairman Christopher Dodd is seeking to pursue a more aggressive approach, setting up a clash with the administration over the future of regulatory reform. The U.S. ...
John Carney is right: This is why we need a Consumer Financial Protection Agency: As Elizabeth Warren so frequently says, we do it for toasters, we should be able to do it for mortgages and toasters and annuities.
Sen. Christopher Dodd (D, Connecticut), Chairman of the Senate Banking Committee, has offered legislation that would extensively revamp regulation of U.S. banks. Remove supervisory responsibility from the FDIC (Federal Deposit Insurance Corp.}.Abolish the OTS (Office of Thrift Supervision).Abolish the OCC (Office of ...
So we've spent a fair amount of time on the Consumer Financial Protection Agency (CFPA); I need to move over and start blogging about all the other parts of the financial reform (which I should have been doing all along). Back in ...
This week, congressional Democrats and the U.S. Treasury unveiled the draft of their proposals for financial reform, including a council of regulators and a fund that would actually allow " The financial lobby has fiercely opposed the creation of a Consumer Financial ...