Tag Archives: Elizabeth Warren

In a rare move, 37 state attorneys general backed Consumer Financial Protection Bureau director-nominee Richard Cordray in a recent letter of support to Senate party leaders.

If recent remarks by Treasury adviser Raj Date signal anything, the Consumer Financial Protection Bureau means to press forward with the responsibilities enshrined for it under the Dodd-Frank Act. The CFPB holdover, who filled the shoes of Elizabeth Warren, now a Senate candidate, explored events in the lead-up to the controversial bureau even as an unwavering Republican opposition holds the line. Assuming responsibility for 18 consumer financial laws, the CFPB has moved forward with rules and proposals.

It's official: Elizabeth Warren will mount a bid for the Senate as a Democratic candidate. If she makes it through a crowded primary, the Consumer Financial Protection Bureau architect, onetime presidential advisor, and political lightning rod for the right will face off against Sen. Scott Brown (R-Massachusetts) over the 2012 election year. News that Warren will officially run for the Senate follows months of speculation and her ejection from a high-profile nomination process.

A confirmation hearing for Consumer Financial Protection Bureau director-nominee Richard Cordray largely went as expected for the Senate Banking Committee Tuesday, with Democratic members defending the federal agency and Republicans heaping criticism on it. Lingering tensions found their way into exchanges between lawmakers from both parties, in and outside the committee room. For his part, Cordray used his opportunity before the Senate Banking Committee to reassure lawmakers about his intentions.

Elizabeth Warren is moving closer to confirming her 2012 Senate bid. The controversial professor-turned-politico took formal, exploratory actions in Massachusetts recently, indicating that Warren's rumored plans to run for office are more than speculation. Officially developing an exploratory campaign committee, Warren has also initiated a donation website, elizabethforma.com, and she seems to be the likely liberal candidate vying to unseat Republican Sen. Scott Brown next November.

Elizabeth Warren for Senate? Those four words may take a turn as real as the next sound-bite if the Progressive Change Campaign Committee has anything to say about it. The PAC has raised $100,000 for Warren.

After a year of controversy, back-and-forth hearings, and battles on Capitol Hill, Consumer Financial Protection Bureau architect and advocate Elizabeth Warren will depart from the bureau and return to an endowed position at Harvard Law School come August. Date will assume responsibility for day-to-day affairs and operations at the Treasury Department. Last month Bloomberg News circulated reports that Obama would replace Warren, a polarizing figure on Capitol Hill, with the associate director.

Following months of anticipation among critics and admirers alike, the Consumer Financial Protection Bureau formally opened its doors Thursday, taking over rule-writing and enforcement abilities for 18 consumer financial laws, preparing a host of new regulators, and assuming an array of powers provided by the Dodd-Frank Act. The launch notwithstanding, a tied-up confirmation process, scale-up difficulties, and stiff political opposition from the past year hold the CFPB back, making some wonder how the bureau will function.

Following his nomination Monday, lawmakers and trade associations continue to greet Consumer Financial Protection Bureau director-nominee Richard Cordray stiffly, with spokespeople accepting his new role lukewarmly.

President Barack Obama announced Sunday that he would withdraw Treasury Department advisor Elizabeth Warren for the top post at the Consumer Financial Protection Bureau and replace her with Richard Cordray.