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- General Mills apologizes for ‘right to sue’ confusion, reverses policy
- Dealer wanted in U.S. for art fraud nabbed in Spain
- Easter morning delivery for space station
- Boxer Rubin ‘Hurricane’ Carter dies at 76
- Probe could complicate Rick Perry’s prospects
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Women losing coverage under Obamacare, too
Topic - Richard Cordray
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.
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.
The "nuclear option" has been defused — for now — after Republican senators said Tuesday they would drop their blockade of Richard Cordray to be the new head of a consumer protection bureau, ending for now what had appeared to be a major crisis over the filibuster and minority rights in the Senate.
Bowing to an ultimatum, Senate Republicans agreed Tuesday to drop objections to key Obama administration nominees, delivering a victory to Senate Democrats who said they will shelve — for now — their own plans to change the rules and curtail filibusters.
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.
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.
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.
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.
"We will continue to be vigilant in pursuit of anyone who deceives or mistreats consumers," CFPB Director Richard Cordray said in a conference call with reporters. "We intend to continue cleaning up this market as necessary to ensure that consumers are treated fairly."
"We are concerned that too many borrowers slide into the debt traps that payday loans can become," CFPB Director Richard Cordray said in a statement.