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President Obama Considers Former Banker to Head Up New Consumer Bureau
In a change of course, President Obama is considering Raj Date, rather than the current chief architect Elizabeth Warren, to head the newly-formed and soon to be empowered Consumer Financial Protection Bureau (CFPB).…
House Forwards Bills to Limit CFPB
A Republican-led U.S. House of Representatives Financial Services subcommittee approved legislation yesterday in an attempt to limit the powers of the new Consumer Financial Protection Bureau (“CFPB”), which is…
President Obama Considers Candidates for CFPB Director Position
Earlier this week, Bloomberg reported that President Obama has created a short list of candidates to lead the Consumer Financial Protection Bureau (CFPB). The list includes Elizabeth Warren, Assistant to the President…
CFPB and States Agree to Joint Statement of Principles
Earlier this week, Elizabeth Warren, on behalf of the Consumer Financial Protection Bureau (CFPB), announced a cooperative working agreement with a group of state attorneys general. Specifically, Ms. Warren introduced…
Court Refuses to Enjoin Impact of Financial Reform Legislation
On April 4, the U.S. District Court for the District of South Dakota denied TCF National Bank’s motion to preliminarily enjoin enforcement of the Durbin amendment to the Dodd-Frank financial reform legislation, which…