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Latest Frank Act Items
After the 2008 economic crisis, President Obama pledged to hold banks and financial institutions more accountable and shine a light on the government agencies that regulate them, but watchdogs say a new panel created to head off another market meltdown is shrouding itself in secrecy.
I read a short article in the newspaper last week about the Consumer Financial Protection Bureau's desire to make mortgage disclosures easier to understand.
Michael Whalen is president, CEO and founder of Heart of America Group. Starting with one restaurant in 1978, his company has grown to 27 hotels and restaurants in 10 metropolitan areas.
In July, the Consumer Financial Protection Bureau (CFPB) formally begins operations. Republicans oppose President Obama's top choice, Elizabeth Warren, to head the new bureau, which should not have been created in the first place. The CFPB will drive up prices, but won't actually protect consumers.
Which two have done more to improve your life - Thomas Edison and Steve Jobs, or Barack Obama and Nancy Pelosi? Some people, in their pursuit of profit, benefit their fellow humans by creating new or better goods and services, and then by employing others. We call such people entrepreneurs and productive workers. Others are parasites who suck the blood and energy away from the productive. Such people are most often found in government.
When Republicans take control of the House next month, few committees will undergo a more drastic transformation in style, tempo and possibly legislative action than the Financial Services one.