On a party-line vote, the Senate Banking Committee voted to confirm former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau.
Sen. Richard Shelby introduced legislation to force financial regulators to perform more rigorous analyses of prospective regulations and only issue them if the benefits outweigh the costs.
Substantive discussions of regulatory policy and partisan wrangling were both on the front burner at the Senate Banking Committee’s hearing last week on the nomination of Richard Cordray to run the Consumer Financial Protection Bureau.
Democratic chair accuses "vocal minority" of obstructionism; GOP leader says exercising "time-honored rights."
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 will vote, Senate may not.
Truliant FCU president/CEO testifies at Senate Banking Committee hearing on Consumer Financial Protection Bureau.
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.”
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.
Senators signal their doubts on CU business lending while questioning Matz.