Panel chair says CFPB director's recess appointment "runs counter to the constitutional requirements for a recess appointment."
New director Richard Cordray holds first field hearing, followed by session with credit union leaders, in Birmingham, Ala.
Cordray says focus will be on those who "materially increase the risk of violations of federal consumer laws."
President Obama was mad as hell and wasn’t going to take it anymore. Nuance, subtlety and appeals to reason weren’t cutting it. So when it came to trying to break gridlock on the confirmation of a director of the Consumer Financial Protection Bureau, Obama did it the old fashioned way: He...
Chief regulators will speak and answer questions.
Congressional Republicans think President Obama has some explaining to do with regards to the appointment of Richard Cordray.
At the beginning of each year, pundits rely on the old trusty trends they saw over the last year, what they see for the coming year and New Year’s resolutions. That’s what readers expect and there’s a comfort in getting what you expect.
President Obama circumvented Senate Republicans and made a recess appointment of Richard Cordray to run the Consumer Financial Protection Bureau. In making the appointment he explained that we “shouldn’t be weakening oversight and accountability, we should be strengthening it–especially when it comes to looking out for families."
What's the NCUA really got to applaud about in GAO rebuke? And that's just the beginning of it.
Cordray follows Wednesday's recess appointment with Thursday call to action.