Consumer Financial Protection Bureau

5:21am

Fri April 18, 2014
Author Interviews

Sen. Elizabeth Warren Writes Of A Worldview Shaped In Youth

Originally published on Fri April 18, 2014 9:10 am

Massachusetts Sen. Elizabeth Warren became an unlikely media star following the 2008 financial crisis.

She was a plainspoken law professor from Harvard who advocated on behalf of families and consumers affected by the Wall Street meltdown.

Warren was brought to Washington to help monitor the multibillion-dollar bank bailout package.

As part of that work, Warren helped to create the Consumer Financial Protection Bureau — a watchdog agency that oversees and enforces consumer finance laws.

Read more

2:36pm

Wed July 17, 2013
The Two-Way

'We're Here To Stay' Says Newly Confirmed Consumer Watchdog

Originally published on Wed July 17, 2013 5:11 pm

Richard Cordray, director of the Consumer Financial Protection Bureau.
Ron Sachs/pool Getty Images

One day after his two years in limbo ended and he was confirmed by the Senate as head of the Consumer Financial Protection Bureau, Richard Cordray told NPR that though political bickering held up his nomination he now believes he has bipartisan support for the bureau's work.

Read more

9:41am

Tue July 16, 2013
The Two-Way

Cooling Tensions, Senate Confirms Cordray

Originally published on Tue July 16, 2013 5:11 pm

Senate Majority Leader Harry Reid walks with Sen. Dick Durbin of Illinois (right) after a joint caucus meeting on Monday.
Drew Angerer Getty Images

In the shadow of a dramatic showdown over the filibuster of White House nominations, the Senate voted to advance the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

The 71-29 cloture vote means the nomination overcame the 60-vote threshold needed to break a filibuster and bring the nomination up for an up-or-down vote before the Senate.

Read more

9:49am

Tue June 11, 2013
The Two-Way

Report: Overdraft Protection Puts Customers 'At Greater Risk'

Originally published on Tue June 11, 2013 11:44 am

Richard Cordray, the director of the Consumer Financial Protection Bureau.
T.J. Kirkpatrick Getty Images

The Consumer Financial Protection Bureau is looking at how overdraft fees affect consumers in a detailed report released Tuesday.

One of the stunning finds: "Overdraft and non-sufficient funds fees accounted for 61 percent of total consumer deposit account service charges in 2011 among the banks in the CFPB report."

Read more

12:39pm

Tue May 7, 2013
The Two-Way

Feds Say Debt Settlement Firm Defrauded 'Financially Desperate'

Originally published on Tue May 7, 2013 2:33 pm

U.S. Attorney for the Southern District of New York Preet Bharara addresses the media on Tuesday during a news conference on the indictment of Mission Settlement Agency.
John Moore Getty Images

The work of the Consumer Financial Protection Bureau, the federal oversight agency established by Dodd-Frank three years ago, has resulted in its first criminal referral — a case against a debt-settlement company it says defrauded thousands of people.

Read more

Pages