| Jul 18, 2013
| 10:01 AM
WASHINGTON — Thomas E. Perez was confirmed as secretary of Labor on Thursday, ending a long battle over his nomination in a key test of this week’s deal to end a showdown over Senate rules.
Perez, currently the nation’s top civil...
| Jul 23, 2013
| 1:10 PM
WASHINGTON -- The Consumer Financial Protection Bureau on Tuesday sued Castle & Cooke Mortgage, accusing it of paying illegal bonuses to employees who steered home buyers toward higher-interest loans.
The suit marks the first time a company has been...
| Jan 10, 2013
A federal agency is scheduled to announce new rules today governing how future mortgages can be made. The centerpiece of the rules is making sure borrowers can afford to repay the loans. Shouldn't that always have been the case? That's......
| Jun 11, 2013
A federal agency has added complaints about credit reports to its growing public database of complaints about financial matters. You can search the database to see if other people are having the same problems as you, and whether they were......
| Mar 12, 2013
The Consumer Financial Protection Bureau has a director only because the president went around Congress and seated Richard Cordray through a recess appointment. Cordray, a former Ohio attorney general, was up for nomination again today, and the...
| Aug 21, 2013
The Consumer Financial Protection Bureau issued a report Wednesday that says banks and nonbanks have problems handling mortgages. The report cites sloppy account transfers and poor payment processing. “Our examinations of banks and nonbanks allow us...
| Jan 9, 2012
| 3:37 PM
To: Richard Cordray, Director
Consumer Financial Protection Bureau
Dear Mr. Cordray:
First, congratulations on your appointment to lead the Consumer Financial Protection Bureau.
Unless the banking interests have their way, your appointment is expected...
| Jan 25, 2011
| 6:31 PM
Text of President Barack Obama's State of the Union address, as provided by the White House:
Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests and fellow Americans:
Last month, I went to Andrews Air Force Base and welcomed...
| Apr 18, 2012
| 12:43 PM
Lenders who discriminate on the basis of certain demographics when dealing with auto loans, mortgages, credit cards, student loans and more are now in the cross hairs of the new Consumer Financial Protection Bureau.
The watchdog declared war Wednesday...
| Jan 4, 2012
| 7:59 AM
Republicans in the Senate have refused vote for any director of the new Consumer Financial Protection Bureau until the agency is weakened. Without a director, the CFPB's powers are more limited.
This morning, the White House announced it would appoint...
| Jan 5, 2012
| 10:20 AM
President Barack Obama owes congressional Republicans at least a thank-you card for their efforts to block Richard Cordray as head of the Consumer Financial Protection Bureau. That GOP leaders continue to howl over Mr. Obama's decision on Wednesday to...