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- Middle Eastern firm’s deal to manage U.S. cargo port raises security concerns
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Topic - Restoring American Financial Stability Act
) is a federal statute in the United States that was signed into law by President Barack Obama on July 21, 2010. The Act is a product of the financial regulatory reform agenda of the Democratically-controlled 111th United States Congress and the Obama administration. - Source: Wikipedia
The Consumer Financial Protection Bureau filed suit Wednesday against a large, for-profit college chain alleging that it pushed students into high-cost private student loans knowing they would likely end in default.
Despite backing the board and its new chief, even Democrats are expressing concern over an early ruling from the Consumer Financial Protection Bureau warning auto dealers that offering to strike deals on car loan interest rates could be discriminatory.
The U.S. Department of Justice and the Consumer Financial Protection Bureau (CFPB) announced Friday that the government has reached a $98 million settlement agreement with Detroit-based Ally Financial over discriminatory auto lending practices — the federal government's largest auto loan discrimination settlement in history.
President Obama said Wednesday that the official swearing-in of Richard Cordray as director of the fledgling Consumer Financial Protection Bureau will guard against "a few bad apples in the financial sector" ripping off middle-class consumers.
Our emails are read, our telephones are tapped and satellites keep track of where we go. This total information awareness should satisfy the nosiest of busybodies, but the federal busybodies want more.
The government not only has a right to regulate the American people, but regulation is really the key to the country's success, Democratic Sen. Elizabeth Warren said on Thursday.
Despite the claim that it is “protecting consumers from irresponsible mortgage lenders,” the new Qualified Mortgage rule finalized in January by the Consumer Financial Protection Bureau turns out to be simply another and more direct way for the government to keep mortgage underwriting standards low. This sets the country up for a repetition of the mortgage meltdown of 2007 and 2008.
On Jan. 20, Barack Obama took the presidential Oath of Office, swearing once again to uphold and defend the Constitution.
Bracing for tougher enforcement of rules governing Wall Street in President Obama's second term, several business groups warily welcomed the president's nomination Thursday of Mary Jo White, a former U.S. attorney for Manhattan who made her name prosecuting terrorists, to head the Securities and Exchange Commission.
The political world is full of myths. Last week, the Consumer Financial Protection Bureau instituted a new regulation over the troubled mortgage market in an attempt to define certain lending practices as good or bad.
Banks and other lenders gave a strong initial review to new rules released by the Obama administration Thursday that protect them from frivolous lawsuits if they follow strict standards for making mortgages that ensure borrowers have the ability to repay.
The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.
The Consumer Financial Protection Bureau is hunting for scalps before the November election to reinforce the narrative that President Obama is protecting consumers from a rapacious and untrustworthy financial services industry.
The federal government's newly created Consumer Financial Protection Bureau is recruiting investigators in ads that suggest the agency plans to go undercover to pursue cases against banks, credit card companies and other financial companies.
Habitat for Humanity, an organization with the utmost concern for a low-income family's ability to purchase and keep a home, recently sent out a Mayday call to the Consumer Financial Protection Bureau, and all eyes are on the bureau to see how it will respond.