Elizabeth Warren and Leader Pelosi
Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau, met with Leader Pelosi and freshman, sophomore and junior Members of Congress of the Democratic Caucus this morning.
Thursday, July 21 marks the one-year anniversary of enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This law includes new and historic consumer protections, such as the Consumer Financial Protection Bureau, which will protect American consumers against the unfair, abusive, deceptive, and predatory practices that led to the most severe financial crisis since the Great Depression.
consumer financial protection bureau Video
Say you stand with President Obama and Richard Cordray: my.barackobama.com President Obama speaks on appointing Richard Cordray as America's consumer watchdog. Speaking to students and teachers at Shaker Heights High School near Cleveland, Ohio, the President said: "Today I'm appointing Richard as America's consumer watchdog. And that means he is going to be in charge of one thing: looking out for the best interests of American consumers. Looking out for you. So if you're a student—I see some young people out there—his job will be to protect you from dishonest lending practices and to make sure that you've got the information you need on student loans. He has already started up an initiative called "Know Before You Owe." ... If you're a veteran, he'll help make sure that you aren't taken advantage of when you're coming home from serving your country. And it turns out that military families are some of the folks who are most vulnerable to some of these financial abuses. If you're a senior, Richard is going to help make sure you don't lose your home or your retirement because somebody saw you as an easier target. See, most people in the financial services industry do the right thing, but they're at a disadvantage if nobody is enforcing the rules. We can't let that happen. Now is not the time to play politics while people's livelihoods are at stake. Now is the time to do everything we can to protect consumers, prevent financial crises like the one that we've been through ...
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Consumer bureau: Now, it can do something
Obama on Wednesday made a recess appointment of former Ohio attorney general Richard Cordray to be the first director of the Consumer Financial Protection Bureau. That move has ignited controversy. Republicans -- who had tried to block a recess ...
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For Wall Street Overseer, Progress Comes at a Crawl
Senate Republicans are pushing to abolish the agency altogether, a crusade that mirrors their effort to dismantle the more prominent Consumer Financial Protection Bureau. The agency is even getting heat from some of its supporters. ...
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Obama Debating Cordray Recess Appointment to Consumer Bureau
4 (Bloomberg) -- President Barack Obama and his advisers are debating whether to install Richard Cordray as head of the Consumer Financial Protection Bureau as soon as today, challenging Republican efforts to block appointments while Congress is away ...
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