Restoring American Financial Stability Act

Latest Restoring American Financial Stability Act Items
  • Illustration by Greg Groesch for The Washington Times

    HUGHEY: Uncle Sam's risky home loan rules

    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.


  • Consumer Financial Protection Bureau Director Richard Cordray said an effort was made to hit a balance between the abuses that once made mortgages too easy to get and overly strict standards that hampered borrowers with good credit. (Associated Press)

    Lenders feeling at home with new regulations on 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.


  • New consumer agency aggressively goes to work

    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.


  • Illustration: Consumer Financial Protection Bureau

    GROVER: CFPB's unchecked power

    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.


  • Consumer bureau seeks sleuths for bad bankers

    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.


  • Illustration Home in the Balance by John Camejo for The Washington Times

    KEATING: New government rules set to restrict credit access

    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.


  • **FILE** Richard Cordray, director of the Consumer Financial Protection Bureau. (Associated Press)

    Watchdog orders Capital One to repay millions of customers

    The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.


  • Economy Brief: Government to supervise credit reporting for first time

    The companies that determine Americans' credit scores are about to come under government oversight for the first time.


  • Illustration by Linas Garsys for The Washington Times

    HENSARLING: When risk is outlawed

    The news of J.P. Morgan Chase's recent trading loss has raised the cry of "I told you so" from proponents of the almost 2-year-old Dodd-Frank Act. They say the law's Volcker rule would have prevented such a loss and that without more regulation, financial institutions will continue to make poor investment decisions.


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