White House Promises to Dump Ed DeMarco If They Only Get the Chance in a Second Term

By: Wednesday October 24, 2012 10:50 am

In one of the more cynical campaign promises I’ve seen in a while, the Obama Administration has apparently been running around to housing advocates telling them they will fire Ed DeMarco as head of the Federal Housing Finance Agency… after the election. In 2010, Senate Republicans opposed Mr Obama’s choice to replace Mr DeMarco and [...]

Richard Cordray Nominated to Run CFPB

By: Sunday July 17, 2011 9:14 am

The President has nominated Richard Cordray, the former Ohio Attorney General, to run the Consumer Financial Protection Bureau. Elizabeth Warren had already brought Cordray in as director of enforcement for the agency. Cordray had a short but impressive run as Ohio Attorney General, taking over for Marc Dann, who resigned after a sexual harassment scandal. [...]

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 [...]

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 [...]

89 House Democrats Demand CFPB Appointment for Elizabeth Warren

By: Thursday June 2, 2011 11:35 am

89 House Democrats just fired off a letter to President Obama, prior to meeting with him in the White House, asking that he appoint Elizabeth Warren as the Director of the Consumer Financial Protection Bureau. The list of names comes mostly from the Progressive Caucus but includes members of the House leadership like Budget Committee [...]

The New Commerce Secretary Is Here! The New Commerce Secretary Is Here!

By: Tuesday May 31, 2011 10:40 am

President Obama will nominate former Edison International CEO John Bryson to be the next Commerce Secretary, replacing Gary Locke. Locke was nominated as the next US Ambassador to China, in place of Republican Presidential candidate Jon Huntsman. Bryson was the CEO of Edison International, the parent company of the utility company Southern California Edison, from [...]

Barney Frank: “Republicans are completely afraid of Elizabeth Warren”

By: Friday May 27, 2011 12:33 pm

Rep. Barney Frank (D-MA), the ranking member on the House Financial Services Committee, thinks that the Republican efforts to both block any appointment for the Directorship of the Consumer Financial Protection Bureau, and to now block recess appointments so a Director cannot be installed, comprises an “outrageous abuse of the Constitution,” and must mean that [...]

Obnoxious Hearing Makes Elizabeth Warren More Popular Than Ever

By: Thursday May 26, 2011 6:45 am

Elizabeth Warren has become bigger than ever – she’s now a meme on the Internet. The above Gif is shorthand for how you act when someone is jerk to you. In this case, it was Patrick McHenry (R-NC), the Billy Zabka of modern politics, who bullied and smeared Warren throughout a hearing this week, and [...]

Progressive Open Campaign for Warren Recess Appointment to CFPB

By: Friday May 20, 2011 8:50 am

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 [...]

Republicans Deliver Empty Threat of Consequences If Obama Recess-Appoints CFPB Director

By: Saturday May 7, 2011 11:42 am

This article from American Banker must have been written by people who know nothing about Senate procedure. WASHINGTON — Republicans are strongly considering using a rare procedural move to prevent President Obama from making a recess appointment to install a director of the Consumer Financial Protection Bureau. Forty-four GOP senators signed a letter last week [...]

Richard Shelby Gives Boost to Elizabeth Warren’s Nomination for CFPB

By: Friday May 6, 2011 6:17 am

I mentioned this in yesterday’s roundup, but it’s worth repeating. Richard Shelby, the ranking member of the Senate Banking Committee, wrote a letter signed by 44 of his colleagues, saying that they would filibuster any nominee to the Consumer Financial Protection Bureau unless they are allowed to significantly weaken it. Their list of demands: Replace [...]

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