CFPB creator gets nod from Bay State credit unions in bid for Senate seat.
WASHINGTON—No issue at this year’s GAC was more polarizing than the new Consumer Financial Protection Bureau. Speakers, particularly politicians, were either completely against it or completely for it, depending upon which party they represented.
House Republicans asked tough questions of Richard Cordray about his plans for running the Consumer Financial Protection Bureau, but the session wasn’t as hostile as it was when Elizabeth Warren testified.
New CFPB director said he would work with credit unions and community banks to better understand impact of its actions.
Rep. Elijah Cummings (D-Md.) asks Rep. Darrell Issa (R-Calif.) to subpoena mortgage lenders and investigate alleged foreclosure abuses.
Panel chair says CFPB director's recess appointment "runs counter to the constitutional requirements for a recess appointment."
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...
President doesn't outline next steps; recess appointment might be possibility.
The Consumer Financial Protection Bureau remains officially leaderless.
House lawmakers ask Senate Minority Leader McConnell to allow a vote.