- The Consumer Financial Protection Bureau will have its first birthday on Saturday, but were only cautiously celebrating. The watchdog agencys long-term survival is still an open-question. (Huffington Post)
- announced its first enforcement action - on its first birthday - by ordering Capital One Bank to refund approximately $140 million to two million customers and pay a $25 million fine. The CFPB ruling is the result of its review of Capital Ones marketing practices. (Legal News Line)
- and other twenty-first century strategies that have wreaked havoc on consumers and ultimately the U.S. economy. The CFPB has a brilliant staff, sophisticated tools, and a noble mission. (MaddowBlog)
- No. The army of evil that troubles me far more is the one aimed squarely at the Consumer Financial Protection Bureau, which celebrates its first birthday this week In the case of the CFPB, this means gutting it entirely. (Huffington Post)
- The agency, which was created by the Dodd-Frank Act, celebrates its one-year birthday next week. Its enforcement bureau, headed by Kent Markus, has yet to bring an action against a company, but lawyers are waiting nervously for the first shoe to drop. (The BLT: Blog of Legal Times)
- Durkin has helped raise $1.1 million for the Romney campaign, according to U.S. disclosure records." http://wapo. (Real world: Syria on brink - Top story: Libor probe grows - Romney rips Obama on Jobs Council - Politico.com)
- Another New York Times story mentioned a woman who had been denied employment and credit because her filing was mixed up with a felon who had the same name and birthday. The CFPBs new oversight explaining your options. (MSN Money)
- Such an achievement by the bureau —a lightning rod for criticism of the Dodd-Frank regulatory law passed by Congress in 2010 — would help to establish its legitimacy and quiet its critics as it approaches its first birthday. (Omaha World-Herald)
- Full report: http://bit.ly/PJ2nF5 FIRST LOOK II: GOP HITS DODD-FRANK ON ITS BIRTHDAY - House Financial Services Committee especially small businesses. (Obama goes for tax wedge - Top talker: Unions spending skyrockets - Big banks sweat swaps rule - Politico.com)
Friday, July 20, 2012
Cfpb first birthday
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