A coalition of housing advocates that supported the state/federal investigation into securitization abuses that accompanied the foreclosure fraud settlement has turned against it sharply, charging the Justice Department with stonewalling the investigation and denying it critical resources that could move prosecutions against leading banks for their role in the housing crash and subsequent economic crisis. [...]

We are roughly two months away from the Consumer Financial Protection Bureau transferring into the Federal Reserve. If the agency doesn’t have a director by then, it risks losing powers over non-bank financial institutions until it acquires that agency head. This would upset the mission of the CFPB and reduce safety for consumers. The Administration [...]

Last month, Rep. George Miller introduced the Local Jobs for America Act, a $100 billion dollar bill that would directly deliver needed resources to local communities to provide as many as 1 million jobs. Specifically, the Local Jobs for America Act invests: $75 billion over two years to local communities to hire vital staff Funding [...]