Topic: Consumer Financial Protection Agency

It may finally be possible to get a piece of the billions of dollars in taxpayer money that was given to banks as part of the " What's different now is the banks have received a huge infusion of cash from the ...
Subprime home loans, often cited as the underlying cause of the 2008 global financial crisis, are high-interest loans to consumers whose credit history disqualifies them from receiving a loan at the " Mortgage Brokers' Role in the Meltdown In 2008, roughly 70 ...
In the next few weeks, the Senate and House are expected to work together to reconcile their two financial-reform bills, now that the Senate has passed its version. Creates a Consumer Financial Protection Bureau within the Federal Reserve to police lending, taking ...
I was a guest on NPR's Planet Money on Friday's episode, Attack of the Special Interests, where I help explain some of the issues related to the Consumer Financial Protection Agency (CFPA), resolution authority, and derivatives reform coming out Monday, and how ...
The proposed Consumer Financial Protection Agency was supposed to regulate payday loans - those extremely high interest rate short term loans - but it now appears that it may not. A recent paper from Robert DeYoung and Ronnie Phillips at the Kansas ...

America's Financial Illiteracy

One of the common elements of the regulatory reform proposals being crafted by the House and Senate is that both propose to create a Consumer Financial Protection Agency (CFPA). Among the agencies, the Federal Trade Commission (FTC) is unique in having consumer ...

The CFPA and Small Banks

To be clear, I favor the Consumer Financial Protection Agency. But I'm still in favor of the CFPA even if it doesn't help small banks.. Since the penalty for offering any product that isn't 'plain vanilla' will be severe if that product ...

CONSUMERS NEED A CREDIT WATCHDOG

CONSUMERS NEED A CREDIT WATCHDOG A century ago anyone with a bathtub and some chemicals could mix and sell drugs--and claim fantastic cures. Drug Administration and some basic rules about safety and disclosure. Applying this basic economic principle to the marketing of ...