Consumer Financial Protection Bureau
NEW YORK, NY - MAY 07: U.S. Attorney for the Southern District of New York Preet Bharara addresses the media on May 7, 2013 in New York City. Bharara announced an indictment that charged leaders of the Mission Settlement Agency with mail and wire fraud in a scheme that allegedly victimized 1,200 debters in a multi-million dollar scheme. The case was the first referral from the new Consumer Financial Protection Bureau.
Connections
Quotes
we will continue to oppose the consideration of any nominee, regardless of party affiliation, to be the CFPB director until key structural changes are made to ensure accountability and transparency at the Consumer Financial Protection Bureau.
The concern over the past two years is the introduction of federal oversight, which we’ve not had previously, and there’ve been concerns about what’s going to result from Dodd Frank and the creation of this Consumer Financial Protection Bureau
Paypal's freeze on our account is making it so that I can't pay people today ... I am pretty fucking pissed. I sent them all the documentation they asked for last night, hoping it would be resolved today, but didn't hear anything back. I also immediately filed a complaint with the [Consumer Financial Protection Bureau] because this whole thing seems decidedly non-kosher.More quotes »
Newsday's coverage
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Newsday analysis: LI consumer complaints outpace U.S. average
ers have been complaining almost twice as often as the average American to the federal government's new Consumer Financial Protection Bureau , a Newsday analysis finds.Long Islanders filed 1,460 complaints, or 5.2 per 10,000 people, from Dec. 1, 2011, to April Read more »
Around the web
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Jeffrey Aleman, A Partner At Consumer Bankruptcy Juggernaut Jacoby...
According to the Consumer Financial Protection Bureau's 2013 Annual Report (http://files.consumerfinance.gov/f/201303_cfpb_March_FDCPA_Report1.pdf) in 2012 alone, over 125,000 complaints have been filed to the Federal Trade Commission, a figure that has 5/20/13 from PRWeb Read more »
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Senate Barrels Toward Showdown Over Consumer Bureau Nominee
Republicans and Democrats in the Senate are headed for a showdown over Richard Cordray, the man responsible for implementing major elements of the Dodd-Frank Wall Street reform law. Senate Majority Leader Harry Reid (R-NV) will call for a vote this comin from The New Media Journal Read more »
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Planned Floor Action on Cordray Will Highlight Senate Impasse
Senate Majority Leader Harry Reid of Nevada plans to press for a vote the week of May 20 on the nomination of Richard Cordray as permanent director of the Consumer Financial Protection Bureau, in a move that is sure to divide the parties. Senior Democrat from Roll Call Read more »
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Is nuclear winter coming to the Senate this summer?
Jon Bernstein offered a thoughtful reaction to Reid’s gambit, noting that Reid’s challenge is to “find a way to ratchet up the threat of reform in order to push Republicans as far away from that line as possible.” Jon’s emphasis on Reid’s threat is impor from The Monkey Cage Read more »
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Does Cordray's confirmation matter?
Senate Democrats and Republicans are set to renew their battle over whether to confirm Richard Cordray as the first director of the new consumer financial watchdog agency, with Republicans once again expected to marshal the votes to block his nomination. from The Politico Read more »
