barney frank

Democrats on Capitol Hill were all cheers when they passed first-of-its-kind credit card reform earlier in the year — only to become publicly indignant when the card companies began hiking rates and fees in advance of those changes taking hold.
So after some Democrats initially delayed the implementation date until next year — a naked bow [...]

What seemed like a clear path ahead was upstaged by the health care battle.

In April, we ran a piece about how some Democrats had bowed to the wishes of the banking industry and delayed their credit card reforms until next year, even as consumers have struggled to keep up amid the recession. Inevitably, the banks have used the delay by busily installing rate and fee hikes to beat [...]

This Friday, at 9:30 a.m., the House Financial Services Committee is going to hold a hearing on HR 1207, the Federal Reserve Transparency Act introduced this year by Rep. Ron Paul (R-Texas).
The Fed-centric congressman — he’s currently selling a new book on the subject, “End the Fed” – has collected 291 co-sponsors, including every single [...]

In the tradition of Rep. Barney Frank (D-Mass.), California Democratic Rep. Pete Stark revealed at a recent town hall gathering that there are limits to what he’ll endure from angry constituents. From TPM:
Rep. Pete Stark (D-CA) got a pretty rough earful from an older looking man at a meeting with senior citizens in Fremont, CA, [...]

The White House program designed to prevent foreclosures by paying banks to alter loans voluntarily isn’t doing nearly enough to keep struggling borrowers in their homes, several powerful Democrats charged Wednesday.

Jason Pye reports that Rep. Barney Frank (D-Mass.) will schedule an October committee vote on HR 1207, the “audit the Federal Reserve” bill introduced by Rep. Ron Paul (R-Texas).
We will subject them to a complete audit. I’ve been working with Ron Paul, who’s the main sponsor of that bill. He agrees we don’t want to [...]

Update: Yes, the woman was a LaRouche cultist. The full video is here, and I’ve added her full comments. I’m getting a lot of links to this video today, in which Rep. Barney Frank (D-Mass.) verbally eviscerates a woman waving an Obama=Hitler sign and asking him why he supports “this Nazi policy” of health care [...]

Because servicers in the lending industry can make more money collecting delinquency fees on mortgages than by modifying loans, guess which road they are taking? The New York Times says today that the longer borrowers remain behind on their payments, the more money servicers collect, even after the home goes into foreclosure. That obviously gives [...]

As voluntary mortgage modifications have failed to keep pace with foreclosures, House Financial Services Committee Chairman Barney Frank (D-Mass.) said Wednesday that it might be time to bring back the stick of bankruptcy reform. That proposal, which would empower homeowners to escape foreclosure through bankruptcy, was passed in the House in March, but didn’t survive [...]