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.
Hearing shows credit unions and banks still far apart on member business lending.
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.
MIT economist blocked by Republican senators who say Nobel winner not qualified for job; Diamond says "we should all worry."
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.