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Tag Archives: Elizabeth Warren

CFPB: Name Changes and Bottom Lines

Click through to learn where the Bureau of Consumer Financial Protection nomenclature will still be used after Kathy Kraninger, the agency’s new director halted efforts to make changes to it.

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Sen. Warren Speculated to be Clinton’s Running Mate

With Hillary Clinton having wrapped up the Democratic presidential nomination earlier this week, Sen. Elizabeth Warren (D-Massachusetts), who has long been silent on whether she will endorse Clinton or Bernie Sanders, is expected to announce her endorsement of Clinton.

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Senate Democrats Respond to Senate Budget Amendments

Sen. Elizabeth Warren (D-Massachusetts) said the GOP had put financial protections “in the center of the bull's-eye” with their new budget proposal. Warren, joined by Sens. Jeff Merkley (D-Oregon) and Al Franken (D-Minnesota), criticized the GOP budget Wednesday, targeting particular ire at a provision that calls for lawmakers to set the funding levels for the CFPB.

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Sen. Elizabeth Warren Responds to Dodd-Frank Criticism

The White House joined Warren in its criticism, saying that putting the bureau under the appropriation of Congress would limit the agency. The administration also criticized the Republicans budget proposal's "creative-accounting savings" that shift funding for the agency to appropriations.

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Report: Senators Sour on Reform Bill

A recently unveiled plan to phase out Fannie Mae and Freddie Mac and overhaul the secondary mortgage market may have hit another snag, with six key senators reportedly deciding not to give their support. According to Bloomberg, six members of the Senate Banking Committee—all Democrats—have cited concerns that plans in the Johnson-Crapo proposal for finance reform "seemed unworkable."

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Cordray Faces Senate Committee for Nomination Hearing

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), sat once again on Tuesday in front of the Senate Banking Committee, this time to present his case to continue leading the consumer agency. While some had expected a contentious round of questioning from Republicans critical of CFPB in its current form, the proceedings were generally cordial, with Cordray and commitee members agreeing to work together to maximize transparency and accountability at the bureau.

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Attorney General Draws Criticism for ‘Too Big to Jail’ Remarks

U.S. Attorney General Eric Holder caused a stir Wednesday by voicing the idea that certain financial institutions may be "too big to jail." In a testimony before the Senate Judiciary Committee on Justice Department (DoJ) oversight, Holder said he is "concerned that the size of some of these institutions becomes so large that it does become difficult for us to to prosecute when we are hit with indications ... it will have a negative impact on the national economy."

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