The Obama administration unveiled a budget for the next fiscal year that proposes levying fees for the nation’s largest banks, selling off government-occupied real estate, and expanding services for the Federal Housing Administration. The $3.8-trillion budget calls for a Financial Crisis … [Read more...]
Obama Unveils New Refi Plan, Homeowner Bill of Rights
February 1, 2012 by
The Obama administration rolled out an ambitious package of benefits and structural changes Wednesday for homeowners who want to refinance their loans. Visit link: Obama Unveils New Refi Plan, Homeowner Bill of Rights … [Read more...]
Greek Turmoil, G-20 Decisions Target U.S. Lenders
November 4, 2011 by
Political trouble in Greece sent stocks and shares for major mortgage lenders tumbling Friday, even as the world's 20 wealthiest nations placed eight U.S. banks on a list that may require systemically risky institutions to shore up their capital reserves See more here: Greek Turmoil, G-20 … [Read more...]
CFPB Appoints New Officer, Controversy Continues
October 19, 2011 by
The Consumer Financial Protection Bureau has a new chief officer with the addition of Hubert H. Skip Humphrey III. See the article here: CFPB Appoints New Officer, Controversy Continues … [Read more...]
Lawmakers Clear CFPB’s Cordray for Full Senate Vote
October 6, 2011 by
In a widely expected turn of events, lawmakers seated on the Senate Banking Committee approved would-be Consumer Financial Protection Bureau director Richard Cordray for a full nomination vote along strictly partisan lines. Continue reading here: Lawmakers Clear CFPB's Cordray for Full Senate … [Read more...]
CFPB Undaunted Two Months After Starting
September 16, 2011 by
If recent remarks from Treasury adviser Raj Date signal anything, the Consumer Financial Protection Bureau means to press forward with the responsibilities enshrined for it under the Dodd-Frank Act. The CFPB holdover, who filled the shoes of Elizabeth Warren, now a Senate candidate, explored events … [Read more...]
CFPB Architect Officially Jumps into Race for Senate
September 15, 2011 by
It's official: Elizabeth Warren will mount a bid for the Senate as a Democratic candidate. If she makes it through a crowded primary, the Consumer Financial Protection Bureau architect, onetime presidential advisor, and political lightning rod for the right will face off against Sen View original … [Read more...]