Richard Shelby

• CFPB Nominee May Spark Senate Fight

  By Claude R. Marx  |  July 24, 2011

  A year after the bill creating the Consumer Financial Protection Bureau was signed, Republicans are trying to restructure it and the newly nominated director Richard Cordray is caught in the middle of a fight between the political parties.

• House to Vote Tomorrow On CFPB Changes

  By Claude R. Marx  |  July 20, 2011

  House will vote, Senate may not.

• Schaefer Supports Strong Consumer Protection, Caution in Dealing with CUs

  By Claude R. Marx  |  July 19, 2011

  Truliant FCU president/CEO testifies at Senate Banking Committee hearing on Consumer Financial Protection Bureau.

• MBL Needs More Than Pomp and Circumstance

  By Sarah Snell Cooke  |  June 27, 2011

  I read Marv Ulmholtz’ newsletter regularly and the June 22 edition did not disappoint. I split about 50/50 as far as agreeing or disagreeing with his views, but I enjoy his writing style, including referring to himself as “this correspondent.”

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  MBL Hearing: Senators Remain Skeptical

  By Claude R. Marx  |  June 20, 2011

  WASHINGTON — NCUA Chairman Debbie Matz told a panel of skeptical senators that raising the cap on member business loans would actually improve credit unions’ risk environment while creating more jobs.

• Onsite Coverage: Lawmakers Press Matz On Why MBL Cap Should Be Raised

  By Claude R. Marx  |  June 16, 2011

  Senators signal their doubts on CU business lending while questioning Matz.

• Onsite Coverage: CUs, Banks Clash On MBLs

  By Claude R. Marx  |  June 16, 2011

  Hearing shows credit unions and banks still far apart on member business lending.

• Fed Nominee Diamond Withdraws

  June 13, 2011

  Peter Diamond, a professor at MIT whose nomination to the Federal Reserve has been blocked by Senate Republicans who say he lacks the needed expertise, announced last week he was withdrawing his nomination for the post on the board of the nation’s central bank.

• Nobel Laureate Peter Diamond Withdraws Nomination to Federal Reserve

  By Claude R. Marx  |  June 6, 2011

  MIT economist blocked by Republican senators who say Nobel winner not qualified for job; Diamond says "we should all worry."

• Lawmakers Concerned That Mortgage Settlement Could Mandate Mortgage Modifications

  By Claude R. Marx  |  March 14, 2011

  Key Republicans on the House Financial Services Committee are concerned that the Obama administration’s proposed settlement with mortgage servicers could require the servicers to write down mortgage principles in certain cases.