Tag: Finance

The bureau, its spokesman said, has a responsibility to protect student borrowers. (AP Photo/Steve Helber, File)

CFPB ‘surprised and disappointed’ after being cut off from student loan data

Joseph Lawler · September 5, 2017 8:20 pm

Fed Chairwoman Janet Yellen, whose term ends in February, is not the only official who Trump must replace. He also will likely have to appoint a new vice chairman and three other governors at the seven-member Board of Governors. He has nominated one candidate, Randal Quarles, for the post of vice chairman of supervision. (AP Photo/Pablo Martinez Monsivais, File)

Trump faces short timeline, major challenges in reshaping Fed

Joseph Lawler · September 5, 2017 4:01 am

Consumer Financial Protection Bureau Director Richard Cordray and his agency have, according to the Education Department, used the data "to expand its jurisdiction into areas Congress never envisioned. This latest expansion is characteristic of an overreaching and unaccountable agency." (AP Photo/Jacquelyn Martin, File)

Department of Education kills Obama-era deal to share student loan data with CFPB

Joseph Lawler · September 1, 2017 9:38 pm

Wells Fargo reveals fake accounts scandal was two-thirds bigger than thought: 3.5 million accounts

Joseph Lawler · August 31, 2017 1:47 pm

Rep. Jeb Hensarling, R-Texas, says the payday lending rule would "undoubtedly" be subject to a legal challenge if the CFPB chief is rushing it out to have it finished in time for a rumored gubernatorial run. (AP Photo/Carolyn Kaster)

Jeb Hensarling warns CFPB chief Richard Cordray on ‘political ambitions’ for payday rule

Joseph Lawler · August 29, 2017 3:42 pm

Janet Yellen issued a defense of the post-crisis banking rules on Friday, and dismissed the idea put forward by the Trump administration that those regulations are slowing growth. (AP Photo/Brennan Linsley, File)

Janet Yellen rejects Trump arguments that Obama-era bank regs are slowing growth

Joseph Lawler · August 25, 2017 2:43 pm

The Ex-Im Bank has been referred to as the "Bank of Boeing" for the large share of its financing that benefits the aircraft maker. (AP Photo/Elaine Thompson)

At Boeing, Paul Ryan backs reforms to Export-Income Bank

Joseph Lawler · August 24, 2017 6:16 pm

An estimated 114 multi-employer pension plans covering more than 1.3 million people are underfunded by more than $36 million and are expected to become insolvent in the next two decades, according to a new report. The Teamsters' Central States, the Bakery and Confectionary Workers Union, and the United Mine Workers plans account for $22.8 billion, about 62.5 percent, of the unfunded liability. (AP Photo/Jose Luis Magana)

1.3 million workers’ pension plans expected to go insolvent

Sean Higgins · August 23, 2017 9:23 pm

CFPB Director Richard Cordray argued Tuesday that consumers should be able to sue banks as a group, and should be freed from financial contracts that prevent them from doing so. (AP Photo/Brennan Linsley)

Obama holdover Richard Cordray: Allow class-action suits against banks

Pete Kasperowicz · August 22, 2017 12:48 pm

Icahn posted a letter to Trump on his website, dated Friday, in which he stated that he was ending the relationship (AP Photo/Mark Lennihan, File)

Billionaire Carl Icahn tells Trump he’ll no longer act as adviser

Joseph Lawler · August 18, 2017 9:08 pm

The Trump administration has ended Operation Choke Point, the anti-fraud initiative started under the Obama administration that many Republicans argued was used to targeted gun retailers and other businesses that Democrats found objectionable. (AP Photo/Alex Brandon)

Trump ends Obama’s Operation Choke Point

Joseph Lawler · August 18, 2017 2:37 pm

Top Fed official warns GOP efforts to loosen bank rules is ‘very, very dangerous’

Joseph Lawler · August 16, 2017 2:49 pm