By Rand Paul
Obama acts as though we no longer have a Constitution
Independent voices from the TWT Communities
The Senate on Monday unanimously confirmed President Obama's appointment of Mary Jo White to lead the Securities and Exchange Commission, even as Republicans continue to reject Richard Cordray, who was nominated at the same time to head another financial watchdog agency.
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.
Senate Republicans used the confirmation hearing for the head of President Obama's new Consumer Financial Protection Board to air their continued unhappiness with the agency's funding and what they said was its lack of accountability.
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.
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."
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.
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.
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.
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.
Congressmen on Capitol Hill questioned President Obama's top consumer-protection advocate, Richard Cordray, about his agency's compliance with federal regulations designed to protect America's small businesses.
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.
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.
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.
"We still have serious concerns about the [CFPB]'s structure, methods and policies, so we hope the Senate will take advantage of the confirmation process — the only meaningful check on the bureau's authority — to get clear answers on how the $500 million agency is working," he said.
In support of the rule, Richard Cordray, the bureau's director, said, "We have a financial crisis and a lot of pain and misery in this country that was caused by reckless lending and toxic products that should never have been offered and that this rule will see are never offered again."
