The unfolding foreclosure fraud crisis centers on mortgage servicers, companies that collect and organize mortgage payments on behalf of banks. (Many are actually subsidiaries of big financial-service companies, like J.P. Morgan Chase.) When a homeowner misses payments, the servicers are meant to carefully review their financial statements and to notify More…
Soon after Rep. Brad Miller (D-N.C.) came to Washington in 2002, a fellow member of the House Financial Services Committee told him to pick an arcane financial issue — any issue — and to make it his pet topic. Miller chose mortgage finance. He knew little about it. Banking lobbyists More…
Yesterday evening, Elizabeth Warren, responsible for setting up the Consumer Financial Protection Bureau, spoke at a meeting of the Financial Services Roundtable, a trade association for the country’s biggest banks.
In the past, Warren has lambasted banks for purposefully creating opaque, obscure products to make a buck off of More…
Yesterday, Elizabeth Warren, newly named as an adviser to the White House and Treasury Department on the Consumer Financial Protection Bureau, made her debut. She spoke at a forum on mortgage reform — on making information given to loan applicants cleaner and clearer, so that consumers more easily understand the More…
Today, in the White House Rose Garden, President Obama officially announced that Elizabeth Warren will become an adviser to the White House and Treasury Department, helping to start up the Consumer Financial Protection Bureau created in the Dodd-Frank financial regulatory reform law.
This morning, President Barack Obama plans to officially announce that Elizabeth Warren — Harvard Law professor and the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program — will head the Consumer Financial Protection Bureau.
[Congress1] Well, sort of. After months of will-he-or-won’t-he speculation by journalists, More…
Rather than naming Elizabeth Warren to head the new Consumer Financial Protection Bureau, President Obama plans to name her to a new White House and Treasury advisory post, helping to set up the CFPB, Jake Tapper reports.
Obama chose not to nominate Warren to head the CFPB — More…
National People’s Action and the Public Accountability Initiative are up with a report on financial links between payday lenders, Main Street banks and Wall Street banks. “While small businesses and individuals have struggled to get affordable loans in the wake of the taxpayer bailouts, payday lenders have received new More…
Over at The New Republic, Noam Scheiber counts the votes for Elizabeth Warren, the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program, a Harvard Law professor and progressives’ choice to head the new Consumer Financial Protection Bureau. Any nominee will need 60 votes to More…
Speaking on MSNBC yesterday night, Rep. Barney Frank (D-Mass.) pushed for the Obama administration to choose Elizabeth Warren — a Harvard Law professor and the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program — as the head of the new Consumer Financial Protection Bureau. More…
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