Elizabeth Warren Explains What We Can Expect from the New Consumer Agency

2010-11-24T11:30:44Z

The Harvard law professor, who is coordinating the creation of the Consumer Financial Protection Bureau, sets her sights on simplified forms for credit cards and mortgages.

The Harvard law professor, who is coordinating the creation of the Consumer Financial Protection Bureau, sets her sights on...

What will be impact of President Obama's proposed Consumer Financial Protection Agency?

2010-11-04T14:33:04Z

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Financial Reform's Modest Impact

2010-11-02T12:24:23Z

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Financial Reform Bill Does Little to Address Systemic Risk

2010-11-02T12:08:33Z

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How Financial Reform Affects You

2010-11-02T12:18:17Z

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Other loopholes in consumer financial protection

2010-07-07T14:17:50Z

Other industries that escaped the scrutiny of the consumer financial protection bureau

Auto dealers and community banks are central to consumer finance. Millions of Americans will be affected because they escaped oversight by the new Consumer Financial Protection Bureau.

But they're not the only industries that lobbied to limit the new regulator's authorit...

Financial Reform Effort Update

2010-11-02T12:05:48Z

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How Congress Is Fixing the Banks

2010-10-27T06:43:04Z

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A new page in Fed's bid to protect consumers

2010-10-27T07:51:44Z

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The Military and the Consumer Financial Protection Agency

2010-10-25T12:28:42Z

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Consumer activists keep fighting for independent CFPA

2010-10-27T07:51:14Z

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Financial Reform Gets A Boost

2010-10-25T12:30:46Z

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The FSOC's Veto Over Consumer Finance

2010-10-25T12:28:17Z

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Does We Need a Consumer Financial Protection Agency?

2010-10-25T11:24:49Z

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This Week in Business Tweets: Two-fers

2010-10-25T09:57:21Z

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The Regulation Shell Game

2010-10-25T09:37:55Z

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Dodd: Watchdog must make rules, enforce them

2010-06-12T15:48:15Z

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 "office" with the power to craft and enforce rules to protect consumers.

In a statement...

Sen Shelby counters on financial consumer watchdog

2010-06-12T15:48:12Z

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 Ric...

Financial reform compromise rebuffed in Senate

2010-06-12T15:48:09Z

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 that neither

Can We Spin Off a CFPA Bill?

2010-10-25T08:33:12Z

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Deal on financial reform bill near in Senate

2010-06-12T15:46:21Z

WASHINGTON (Reuters) - A bipartisan agreement on financial regulation reform was close at hand on Thursday in the Senate, with lawmakers working to overcome a key obstacle -- creating a new financial consumer watchdog.

In a sign that serious deal-making was finally getting under way, a Senate aide told Reuters that the two leaders of the Reuters) - A fight over an Obama administration proposal to create a new U.S. watchdog for consumer financial products threatened on Friday to derail progress toward tighter bank and capital market regulation, amid much posturing on both sides.

Democrats want an independent agency that can clamp down on abusive mortgages and credit cards, but

Financial reform talks break down in Senate

2010-06-12T15:43:53Z

WASHINGTON (Reuters) - Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.

After months of public debate and closed-door talks, Senate 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 ...

Senator Dodd's exit roils financial reform

2010-06-12T15:44:02Z

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

2010-06-12T15:45:01Z

CHICAGO (Reuters) - Key officials and lawmakers are reaching a "growing consensus" on the need for a strong mechanism that would allow the government to dismantle troubled financial giants, the chairman of the Federal Deposit Insurance Corp said on Monday.

House panel approves new Consumer Financial Protection Agency to police the market

A federal agency to regulate home loans, credit cards, savings accounts and other financial services won the approval of a House committee on Thursday in spite of loud complaints from banks a...

CFPA: Much of consumer financial regulation under 1 roof

2010-10-26T23:20:01Z

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A look at House consumer financial protection bill

2010-10-22T15:36:56Z

A look at the House bill to establish Consumer Financial Protection Agency

Highlights of legislation approved by the House Financial Services Committee to create a Consumer Financial Protection Agency, or CFPA:

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_ The agency would ov...

A look at the Consumer Financial Protection Agency

2010-10-22T15:36:43Z

A look at the House bill to establish Consumer Financial Protection Agency

A look at legislation by the House Financial Services Committee to create a Consumer Financial Protection Agency, or CFPA:

_ The agency would oversee such common finan...

New bill coming on resolution authority: Rep Frank

2010-06-12T15:45:13Z

WASHINGTON (Reuters) - The Obama administration will release a new draft bill this week or next on "resolution authority," or empowering the government to deal with large, failing financial firms, the chairman of a key U.S. congressional committee said on Tuesday.

"My understanding is they will be releasi...

The Doomed Grayson / Clay / Miller CFPA Amendment

2010-10-22T07:30:17Z

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Banks under fire in Congress, Dodd targets fees

2010-06-25T20:14:11Z

WASHINGTON (Reuters) - Bank overdraft fees would be sharply curtailed under a bill introduced in the U.S. Senate on Monday, adding to a raft of regulatory challenges for banks.

The legislation offered by Senate Banking Committee Chairman Christopher Dodd and five other Democratic senators would curb f...

Letter to Washington: Consumer Financial Protection Agency needs to govern all car financing

2010-10-26T23:19:56Z

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A New Push for Obama's Consumer Finance Agency

2010-06-16T14:33:32Z

Those weren't olive branches President Barack Obama was tossing at the financial industry at the White House on Oct. 9. In an effort to jump-start his faltering proposal for a Consumer Financial Protection Agency, the world's newest Obama to promote Consumer Financial Protection Agency, meet with team on Afghanistan, Pakistan

President Barack Obama will be calling on Americans to stand up to those who oppose a new Consumer Financial Pr...

Modified Plans for Consumer Agency Are Still Doomed to Fail

2010-10-22T07:29:06Z

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Dems debate shielding banks from state laws

2010-06-12T15:45:40Z

Moderate Democrats draft proposal that would shield major banks from tighter state regulation

Moderate House Democrats are drafting a proposal that would continue to shield big banks from potentially tougher state regulations of credit cards, mortgages and savings accounts.

The plan would differ from President Barack Obama's propo...

After the Vanilla Option: What's Next?

2010-10-22T07:28:04Z

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Proposal would limit scope of new oversight agency

2010-06-12T15:45:54Z

Geithner signals support to exempt retailers, others from proposed financial oversight agency

Ceding ground amid growing business opposition, the Obama administration on Wednesday signaled a willingness to exempt retailers, real estate brokers, lawyers, auto dealers, cable companies and accountants from oversight of its proposed Reuters) - An Obama administration proposal to create a government watchdog for financial consumers inched forward in Congress on Wednesday, with House Financial Services Chairman Barney Frank calling for "death panels" to close down troubled financial firms.

Reuters) - U.S. lawmakers on Wednesday dismissed bank regulators' calls to preserve their consumer protection duties, saying their dismal track record reinforces the argument for a powerful new independent agency.

"It seems like a new interest for you," Barney Frank, chairman of the Reuters) - The Congress' chief author of financial regulatory reform moved on Tuesday to kill the most controversial part of an Obama administration proposal for a new government watchdog for financial consumers.

Banks would not be required to offer so-called "plain vanilla" versions of financial products, such as mortgages, under draft legislative l...

Rep. Frank plans key changes to consumer agency

2010-06-12T15:45:50Z

WASHINGTON (Reuters) - U.S. lawmaker Barney Frank is making key changes to the White House plan for an agency to protect consumers from risky financial products, according to a congressional document obtained by Reuters on Tuesday.

Financial fi...

Financial Regulatory Blitz

2010-10-22T07:46:16Z

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Consumer protection bill seen in U.S. House: sources

2010-06-12T15:46:08Z

WASHINGTON (Reuters) - The Obama administration's proposal to create a federal watchdog for financial consumers was under discussion in the U.S. House of Representatives on Tuesday, with legislation seen emerging soon.

The Reuters) - Senior U.S. financial regulators defended their turf on Friday at a congressional hearing on the Obama administration's plan to shake up Washington's banking and market oversight bureaucracy.

The plan aims to bring a creaking system set up in the 1930s, with regulation now sprea...

Bernanke, Geithner clash on consumer protection

2010-06-12T15:46:36Z

Federal Reserve chairman Ben Bernanke told lawmakers Friday the central bank should remain in charge of consumer financial protection, opposing an administration proposal for a new regulator.

Bernanke's comments clashed with those of Treasury Secretary Timothy Geithner, who called for support ...

American Enterprise Institute and Consumer Financial Protection

2010-10-22T07:17:43Z

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One reason why we need a Consumer Financial Protection Agency

2010-10-26T20:47:42Z

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Financial consumers need new watchdog: Obama admin

2010-06-12T15:46:54Z

WASHINGTON (Reuters) - The U.S. government's fragmented system for protecting financial consumers is "designed to fail" and must be replaced by a single, powerful new agency, a senior U.S. Treasury official said on Tuesday.

As the Reuters) - The U.S. government's fragmented system for protecting financial consumers is "designed to fail" and must be replaced by a single, powerful new agency, a senior U.S. Treasury official said on Tuesday.

In remarks meant to advance a key part of th...

Treasury says consumer protection agency vital

2010-06-12T15:47:01Z

WASHINGTON (Reuters) - A senior U.S. Treasury Department official said on Wednesday that the current financial crisis shows there is an urgent need for a dedicated consumer protection regulatory agency.

"The federal government has failed in its most basic regulatory responsibility: to protect consumers," Treasury's assistant...

Helping consumers

2010-06-12T15:47:03Z

Financial companies are balking at President ObamaÕs plan to overhaul regulation

President Barack Obama on Tuesday sent Congress a bill to protect Americans from unscrupulous financial deals.

The Consumer Financial Protection Agency would have broad powers to write and enforce rules and oversee compa...

Jamie Dimon Should Know: Protecting the Consumer Is Key

2010-10-22T07:16:18Z

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Administration sends Congress consumer legislation

2010-06-12T15:47:15Z

Administration: Consumer agency will boost enforcement, make financial products understandable

President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.

The Co...

A look at the proposed consumer financial watchdog

2010-06-12T15:47:06Z

A look at Obama's proposal to create a Consumer Financial Protection Agency

A look at Obama's proposal to create a Consumer Financial Protection Agency:

_The agency would oversee products used by consumers such as mortgages, credit cards, payday loans and terms on savings accounts.

_The agency w...

Treasury sets wide scope for new consumer agency

2010-06-12T15:47:13Z

WASHINGTON (Reuters) - The U.S. Treasury on Tuesday sent Congress proposed legislation to create a new regulatory agency with sweeping powers to write and enforce tough new consumer protection rules for banks and other financial institutions.

The legislative language fleshes out plans for widespread changes to President Barack Obama is proposing a vast expansion of federal regulatory power over financial institutions. The plan includes the creation of two new entities -- a Obama Administration is calling for a new Consumer Financial Protection Agency that will regulate providers of financial services. The new agency, to be announced by the White House on June 17 as part...

New Rules of Regulation: Their Impact on You

2010-10-24T09:30:34Z

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Pelosi Warren

2010-09-29T14:01:06Z

House Sspeaker Nancy Pelosi of Calif., left, welcomes Elizabeth Warren, assistant to the president, special advisor to the secretary of the treasury on the Consumer Financial Protection Bureau, Wednesday, Sept. 29, 2010, in ...

Consumer Protection

2010-09-21T15:43:23Z

Treasury Secretary Timothy Geithner looks at left as Elizabeth Warren, head of the new Consumer Financial Protection Bureau, makes opening remarks during a mortgage disclosure forum, Tuesday, Sept. 21, 2010, at Elizabeth Warren is seen in the Rose Garden of the White House in Washington, Friday, Sept. 17, 2010, where President Barack Obama announces that she will head the Lincoln Mercury vehicles are shown on a dealership lot in Sterling Heights, Mich. Thanks to their lobbying muscle in Washington, auto dealers and community banks managed to keep themselves outside the scrutiny of the ...

Consumer Protection Whos Left Out

2010-10-22T10:52:22Z

In this photograph taken June 27, 2010, the zero percent interest rate available is posted on the windshield of an unsold 2010 Toyota Matrix at a dealership in the west Denver suburb of Lakewood, Colo. Thanks to their lobbying muscle in Washing...

News on Consumer Financial Protection Agency