Happy Birthday, CFPB!
Ten years ago today, President Obama signed the Dodd-Frank Act into law, creating the Consumer Financial Protection Bureau. It had been a long, tough fight, in the wake of the financial crisis — and it’s important that we never forget what brought us to that fight. Like so many of our nation’s problems, the financial […]Continue reading
King Trump Takes Step to Deconstruct the Consumer Protection Bureau
President Trump named his budget director as the agency’s acting leader, moving to take control just hours after its departing leader had taken steps to install his own choice for acting chief. The statute creating the C.F.P.B. says that the agency’s deputy director serves as acting director until a new director has been nominated by […]Continue reading
Giant Wet Kiss to Wall Street
While the media were falling all over Jeff Flake for his harsh words toward Trump, Senate Republicans voted to reverse a Consumer Financial Protection Bureau rule that would have made it harder for large financial institutions to block class-action lawsuits from Americans who use credit cards, auto loans, student loans, and more. Flake and McCain, […]Continue reading
Contact Senators re Wall Street Regulation
One more thing Republicans are trying to sneak under the radar: Repeal of regulations of big banks and Wall Street. The House passed a bill today (while we’re watching commentary on Comey’s testimony). Now it goes to the Senate. Contact Senator McCain and Senator Flake and tell them “NO” to repealing regulations imposed under D0dd-Frank […]Continue reading