Latest News
Showing the Latest
-
Fed’s Volcker Rule Rewrite Dangerous for Consumers, Allows Big Banks to Play Casino Again
Created in the aftermath of the 2008 Financial Crisis, the Volcker Rule was designed to keep big banks from engaging in risky behavior.
-
Mulvaney Tells Anti-CFPB Crowd He’ll Weaken Anti-Discrimination Efforts and Use Fuzzy Math to Give Wall Street A Pass
In a speech to a group funded by a Who’s Who of anti-CFPB Wall Street Insiders today, Mick Mulvaney telegraphed massive changes to the CFPB’s Consumer Protection Mission.
-
Mulvaney Should Quit Fantasizing and Fulfill the CFPB’s Consumer Protection Mission
Mulvaney says he wants the Bureau to be a “Gold Standard” regulatory agency like the SEC, but he can’t even match the work of previous CFPB Director Richard Cordray.
-
Consumers Be Damned: Trump Open to Deregulation Giveaway for Even Larger Banks
Trump says he’s open to rolling back Dodd-Frank regulations that protect consumers and the economy from larger banks.
-
House GOP Again Attempting to Sabotage CFPB By Letting Wall Street-Backed D.C. Politicians Control Its Funding
The Bureau was specifically designed to be an independent financial regulator so that compromised politicians wouldn’t be able to stop Its consumer protection mission.
-
Dems Who Voted with GOP to Pass Massive Bank Giveaway Have Taken Nearly $19 Million From Wall Street
Thirty-Three House Democrats voted for a massive Wall Street giveaway that strips away Consumer and Market Protections put in place after the 2008 economic collapse.
-
Massive Wall Street Giveaway Passes House After Leadership Cuts Deal to Consider Host of other Anti-Consumer Proposals
Legislation had stalled in House as Rep. Jeb Hensarling pressed for 29 changes to Senate bill that would make It even more hostile to consumers.
-
Bigots Win: Trump Signs Law Allowing Auto Industry to Charge Blacks More than Whites with Same Credit
Trump signs legislation passed by Congress that allows auto loan markups with extreme racial disparities to continue… legally.
-
Fair Lending Under Attack: Mulvaney Will Reexamine Enforcement of Equal Credit Opportunity Act
Mulvaney again pursuing policy that undermines fair lending and encourages discrimination against women and people of color.
-
Trump’s FTC Confirms Lawyer for Notorious Payday Con Man to Lead Its Consumer Protection Division
Andrew Smith previously represented a notorious payday lender who was fined $1.3 billion by the FTC for deceiving consumers.