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Consumer Financial Protection Bureau

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  1. Press: End the cycle with financial reform
    The financial crisis of 2008 and the lingering recession that followed made it clear to Congress - and the public - that something had gone drastically wrong with our banking system. It’s a testament to…
  2. Press: Fiduciary provision key part of financial reform
    Financial professionals are waging a heated battle over a little-noticed part of the financial reform bill moving through Congress that’s all about one word: trust. For individual investors who pay professionals to help them invest…
  3. Press: Financial Reform spells a win for consumers
    The U.S. House and Senate conference committee passed a final bill today that includes a bureau devoted exclusively to consumer financial protection. “Consumer Action has long supported a consumer financial watchdog that has both the…
  4. Press: Wave of new rules to protect consumers
    The financial overhaul bill that has taken final shape would give the government a larger role in guarding the wallets of consumers — many of whom, it became clear in the financial crisis, did not…
  5. Press: Congress passes financial reform bill
    Congress gave final approval Thursday to the most ambitious overhaul of financial regulation in generations, ending more than a year of wrangling over the shape of the new rules and shifting the government’s focus to…
  6. Press: Short list emerges for consumer guardian
    The Obama administration, savoring Congressional approval of a far-reaching financial regulation bill, now faces a crucial choice over who will lead the powerful new consumer guardian created by the legislation. With an estimated budget of…
  7. Press: Warren’s candidacy raises a partisan debate
    Elizabeth Warren last week won the endorsements of several dozen Congressional Democrats, two of the nation’s leading labor groups and her hometown newspaper, The Boston Globe. One would be forgiven for thinking that the Harvard…
  8. Press: Warren to head launch of financial protection bureau
    President Obama, sidestepping a possibly heated confirmation battle, will appoint Harvard law professor Elizabeth Warren as a special advisor to the Treasury Department to launch the government’s powerful new Consumer Financial Protection Bureau, according to…
  9. Press: Elizabeth Warren to be appointed White House ‘consumer czar’
    The White House will announce Friday that Harvard law professor Elizabeth Warren will be appointed to be an assistant to the president and oversee the creation of a new consumer financial protection bureau. The move…
  10. Press: Consumer czar needs to get tough with banks
    Elizabeth Warren needs to kick some serious financial booty. There it is — my advice to the nation’s new consumer czar. Warren is now in the process of setting up a Consumer Financial Protection Bureau,…
  11. Press: Adviser to consumer agency had role in lending
    A senior adviser to Elizabeth Warren, hired to help start the Consumer Financial Protection Bureau, is an investor in and, until recently, served as a director of a company that helps to arrange low-documentation loans…
  12. Press: She’s the watchdog consumers will thank
    When Yahoo put out its top 10 searches in the financial category for 2010, there was no surprise to find, among the leaders, unemployment, foreclosures and the Dow Jones flash crash, the term coined for…
  13. Press: Elizabeth Warren starts shaping consumer protection agency
    Elizabeth Warren, special adviser to the president, is trying to help shake things up as she puts together the nation’s first federal consumer protection agency. The new Consumer Financial Protection Bureau (CFPB) will not officially…
  14. Press: There’s a new sheriff in town to watch out for consumers
    The newly created Consumer Financial Protection Bureau doesn’t officially open for business until July 21. But the agency is already making its presence felt. The bureau has just debuted a new website, ConsumerFinance.gov, that features…
  15. Press: Elizabeth Warren is expecting your call
    The new Consumer Financial Protection Bureau is open to your suggestions. Officials have said they expect that the bureau will become the “cop on the beat” to enforce laws on consumer financial products and services…
  16. Press: Credit card rules one year later
    Credit card customers are facing fewer interest rate hikes and forking over sharply less in late fees. A year after new regulations curbed some questionable billing practices, federal officials say over-the-limit penalty charges have also…
  17. Press: Is Congress crippling consumer finance reform?
    Has Congress found a way to exert its political will on the supposedly independent Federal Reserve Board? And, in the process, murder the infant Consumer Financial Protection Bureau? If so, say goodbye to future, broad…
  18. Press: The war on Warren
    Last week, at a House hearing on financial institutions and consumer credit, Republicans lined up to grill and attack Elizabeth Warren, the law professor and bankruptcy expert who is in charge of setting up the…
  19. Press: Consumer bureau foes should look at banks
    Elizabeth Warren, the Obama administration adviser assigned to set up the Consumer Financial Protection Bureau, said lawmakers looking to limit the agency’s authority should focus instead on the Wall Street “behemoths” aiming to undermine its…
  20. Press: Consumer bureau’s Richard Cordray
    The tall, soft-spoken man pad ding around the fifth floor of 1801 L St. — often not wearing shoes and occasionally quoting Shakespeare — seems at first more like a college professor than a hard-charging…
  21. Press: New federal consumer agency wants to hear from you
    Corinne Cooper wants something done about insurers raising homeowners’ premiums based on credit scores. Robert Kane advocates for more protections when consumers deal with cellphone and Internet providers. And Shane Algarin recommends making it…
  22. Press: Eager consumers reach out to new US watchdog agency
    Brenda Smith, locked in a fight to keep from being foreclosed on her two-bedroom Panama City Beach, Fla., home, was determined to speak with the new Consumer Financial Protection Bureau. There was just one…
  23. Press: New round in consumer bureau battle
    The political tug of war over the new Consumer Financial Protection Bureau will enter another round Wednesday, when House Republicans forge ahead with legislation aimed at curbing the fledgling watchdog’s powers even before it officially…
  24. Press: Consumer Action opposes bills to cripple consumer bureau
    The House Financial Services Committee is expected to vote Thursday on bills that would damage the new federal Consumer Financial Protection Bureau (CFPB) before it even opens its doors. The Bureau is scheduled to…
  25. Press: Consumer agency will fight to defend servicemembers’ pocketbooks
    Navy Petty Officer Tyson Steele needed to buy a new vehicle. But like some military members who borrow money, he said he was taken for a ride on the financing. He signed a deal in…
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