Consumer protection maven Sen. Elizabeth Warren, D-Mass., introduced her first piece of legislation this week, a proposal that would allow students to take out government educational loans at the same rate that big banks pay to borrow from the federal government.
Under her Bank on Student Loans Fairness Act, for one year, new student …
This week’s election was a cliffhanger for many people, but the stakes were higher than most for the director and staff of the Consumer Financial Protection Bureau. The agency, which opened its doors in July 2011, was a …
Some heavy-hitters are lobbying to get JPMorgan CEO Jamie Dimon to give up his seat on the board of the New York Federal Reserve. And he should — Dimon clearly wasn’t paying attention to the ABCs of banking risk. But if Dimon …
As expected, the Senate Banking Committee approved Richard Cordray on a party line vote today to direct the new Consumer Financial Protection Bureau. It’s a largely symbolic vote because the next step would be a vote by the entire Senate, and 44 Republican senators have said they’ll block the approval of anyone nominated to the …
Elizabeth Warren announced plans to run for Senate in Massachusetts next year, moving from one politically charged battle of wills to … another contentious tangle with the GOP.
Elizabeth Warren must have eaten her Wheaties Thursday morning, because the brand-new Consumer Financial Protection Bureau is already busy. Bright and early this morning (we checked at 6:30 a.m. ET), a link to a new “credit card …
The Consumer Financial Protection Bureau officially opens its doors today. Conceived in the wake of the subprime meltdown and the subsequent financial market crash, the CFPB was envisioned as a financial services version of something like the Consumer Product Safety Commission, except that instead of pulling lead-tainted toys or …
President Obama nominated Richard Cordray, the former attorney general of Ohio, to officially have your back. If and when Cordray is confirmed, he’ll run the Consumer Financial Protection Bureau, the agency created last summer to …
“History suggests that business doesn’t always know what’s good for it.”
OK, so the page will be double-sided. But still, with the possibility of a new simple and straightforward form that can be reviewed and understood quickly, “consumers will be in a better position to answer two basic questions: Can I afford this mortgage, and can I get a better deal somewhere else?”
“You can be diligent and still be clobbered by financial traps.”
Guess who is going to help the new Consumer Financial Protection Bureau do its job? You, the average consumer, that’s who.
