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...
One of the nation’s first credit union volunteers to make a 2012 run for a major state office, Ovide Lamontagne, former chairman of the $726 million St. Mary’s Bank, Manchester, N.H., has some advice for CU leaders.
So much to do, so many potential distractions. That’s the outlook facing Congress as it returns to work after its holiday break.
Ovide Lamontagne is Manchester attorney, Tea Party favorite and concerned about gaffes like Gingrich lumping credit unions with Fannie Mae.
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."
President Obama plans to name former Ohio Attorney General Richard Cordray the director of the Consumer Financial Protection Bureau.
CFPB now has jurisdiction, sets Feb. 27 as deadline for comments on EFT rules.
President doesn't outline next steps; recess appointment might be possibility.
The Consumer Financial Protection Bureau remains officially leaderless.
New agency is requesting information on the private student lending market from lenders, student loan servicers, the higher education community and the public to aid in its preparation of a new report to Congress.