The Consumer Financial Protection Bureau opened a public inquiry Thursday into student loan servicing practices that it says can make paying back loans “stressful or harmful.” Continue reading
For more than half a century, Barney Frank was one of America’s loudest voices for progressive policies, both financial and social. Economics correspondent Paul Solman spends a day in Boston with the famous former lawmaker and financial reformer to discuss his new memoir, “Frank: A Life in Politics from the Great Society to Same-Sex Marriage.” Continue reading
This week, the federal Consumer Financial Protection Bureau took new steps to protect the working poor from people critics describe as predatory lenders, those who make what are known as pay day loans. Chico Harlan of the Washington Post joins Hari Sreenivasan to discuss the changes.
Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt. Continue reading
Under a provision of the Constitution known as the recess appointments clause, the president may make temporary appointments to positions that otherwise require confirmation by the Senate, but only when the Senate is in recess. Now, President Barack Obama and Senate Republicans are squaring off at the Supreme Court over the president’s power to temporarily fill high-level positions. Continue reading
President Obama bypassed congressional Republicans Wednesday, naming Richard Cordray as director of the new Consumer Financial Protection Bureau — setting up a potential constitutional showdown. Jeffrey Brown discusses the recess appointment with CQ Roll Call’s David Hawkings and Binyamin Appelbaum of The New York Times. Continue reading
President Obama tapped former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau. Judy Woodruff leads a debate over the agency’s role, responsibilities and funding with the Roosevelt Institute’s Jeff Madrick and David Hirschmann of the U.S. Chamber of Commerce. Continue reading