By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Independent voices from the TWT Communities
) 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
U.S. Sen. Elizabeth Warren, already an experienced author, has a lot more to write about.
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.
President Obama will elevate the controversy over his recess appointment powers to the highest level, with the National Labor Relations Board announcing Tuesday it will appeal to the Supreme Court a lower-court ruling that held his appointments to the board were illegal.
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.
President Obama on Saturday called for the Senate to move quickly and approve the two consumer-minded nominees he wants to help oversee two key federal regulatory agencies in his second term.
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.
Throughout his presidency, George W. Bush was castigated by congressional Democrats for his willingness to enlarge the executive power. Then-Sen. Russell D. Feingold of Wisconsin, for example, called him "King George Bush."
In the wake of the national housing collapse that helped bring on the Great Recession, federal regulators for the first time are laying out rules aimed at ensuring that borrowers can afford to pay their mortgages.
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.
Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.
Ordinarily, political disputes ought to be settled by lawmakers accountable to the public, not unelected judges. It's bad form for a political party to run to the judicial branch simply because it can't win on an issue fair-and-square in the legislature.
Expanding its reach, the government's consumer finance watchdog agency will monitor the day-to-day operations of big debt-collection companies, the agency said Wednesday.
Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services such as payment protection and credit monitoring.