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…
Today, more stories are adding detail to the debate over whether Elizabeth Warren should become the first head of the Consumer Financial Protection Bureau.
The discussion kicked off after the final passage of the Dodd-Frank financial regulatory reform bill, which will become law when President Obama signs it tomorrow. More…
A day after the Senate approved sweeping financial reform legislation, White House senior adviser David Axelrod affirmed that President Obama is considering progressive favorite Elizabeth Warren to lead the consumer financial protection bureau.
Warren is “obviously a candidate to lead this effort,” Axelrod said on a call with reporters this More…
The head of the new consumer financial protection bureau will be one of the most important figures in the financial world. This has led to serious speculation over who President Obama might name; concern over who will lead the CFPB even led Sen. Ben Nelson (D-Neb.) to temporarily More…
The head of the consumer financial protection agency will have authority over a far-reaching and uniquely powerful new government agency — able to make and enforce rules regarding just about every consumer financial product save, sadly, for car loans made by auto dealers. It is a powerful gig, controlling More…
Earlier today, I participated in a call on financial regulatory reform with Heather Booth, the executive director of Americans for Financial Reform, Damon Silvers, a legal counsel for the AFL-CIO, and Elizabeth Warren, a Harvard Law professor and chair of the Congressional Oversight Panel for the Troubled Asset Relief Program. More…
Today, the Congressional Oversight Panel for the Treasury’s Troubled Asset Relief Program, headed by Elizabeth Warren, is holding a set of hearings on failed insurer AIG. Warren takes AIG to task for its blatant disregard for sound practices. “The company was a corporate Frankenstein, a conglomeration of banking and More…
Today, the Congressional Oversight Panel — the independent watchdog that oversees the Obama administration’s Troubled Asset Relief Program — issued a report slamming TARP’s progress in aiding small businesses. The report notes that despite the administration’s efforts to encourage banks to lend to small businesses, “it is not clear More…
Elizabeth Warren warned in February that commercial real estate was the next recovery-killer, and since nothing improved by March, Tim Geithner yesterday took to CNBC to acknowledge the problem with commercial real estate and push the administration’s program to incentivize small banks to lend to small More…
It was a tough day to be Herbert Allison. The Treasury official charged with monitoring the $700 billion Wall Street bailout appeared Thursday before the congressional panel created for that same purpose — and was promptly lashed by committee members for evading many of the questions they hurled his way. More…
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