CFPB Releases Credit Card Agreement Prototype, Before Cordray Nomination Vote

By: Wednesday December 7, 2011 1:01 pm

Today, the Consumer Financial Protection Bureau unveiled a prototype credit card agreement designed to ease understanding of obligations. The CFPB will test the statement with the Pentagon Federal Credit Union, one of the largest in the nation. Raj Date, the acting director of the CFPB, unveiled the draft in Cleveland today. It’s just two pages [...]

Colossally Low Residential Investment Due to Fraudulent Housing Market

By: Friday October 28, 2011 2:21 pm

Pending home sales fell again in September, yet another of the bad signals coming out of a broken housing market, one of the biggest challenges for economic growth. Residential investment as a share of GDP is now shockingly low, below any point in the past 60 years. Ryan Avent explains that this is a really [...]

Elizabeth Warren to Leave Treasury on August 1

By: Wednesday July 27, 2011 7:30 am

Elizabeth Warren hinted at this last week when Richard Cordray was named as the nominee to run the Consumer Financial Protection Bureau, but now it’s official – she will leave her position as a counselor to Treasury and Assistant to the President on August 1. And rather than Cordray, the nominee and the current head [...]

Warren Ruled Out as Consumer Agency Head

By: Saturday July 16, 2011 8:12 am

We saw this coming for a while, particularly after Barack Obama headlined a $2.5 million fundraiser on Wall Street. But now it’s in print: President Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter. The president’s choice [...]

Financial Regulatory Appointments Eyed by White House

By: Saturday June 11, 2011 5:40 am

The White House appears finally ready to make a number of financial regulatory picks, readying nominees to replace the heads of the FDIC and the OCC, who have left or are in the process of leaving. This is added to the speculation about Raj Date as the first director of the Consumer Financial Protection Bureau. [...]

Raj Date Floated as CFPB Head

By: Thursday June 9, 2011 7:36 am

Raj Date, who has already been hired to work as associate director of research, markets and regulations for the Consumer Financial Protection Bureau, is being eyed for a promotion to director, according to multiple reports today. Date would have to agree to leapfrog his close colleague, Elizabeth Warren, and take the job. Other candidates have [...]

Treasury’s War on Elizabeth Warren

By: Friday October 29, 2010 9:58 am

While continuing to try and repeal the Affordable Care Act, victorious Republicans can be expected to try to repeal or at least de-fund Wall Street reform. Central to those efforts will be to kneecap the Consumer Financial Protection Bureau. And there’s at least some evidence that they might have help from the inside. Zach Carter [...]

Raj Date Hired By Elizabeth Warren

By: Friday October 1, 2010 12:58 pm

Elizabeth Warren had a Wall Street Journal editorial today that pretty much recapitulated her speech to the Financial Services Roundtable on Wednesday. Her idea is that the regulators for the Consumer Financial Protection Bureau should move to a principles-based approach, and look at financial products and their service agreements not on whether it checks every [...]

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