Tag: Consumer Protection Agency

Why Elizabeth Warren Is Still the Best Choice for CFPB Director (via Rortybomb)

On By southwerkIn business ethics

Just like the writers at Rortybomb I have long believed that Elizabeth Warren was the best choice.

I have written about this before. You can read my July 26, 2010 post – Elizabeth Warren Should Be The Head Of The Consumer Financial Protection Bureau or the July 24th, 2010 post –  Treasury Makes A Mistake – Claiming They Are Not Blocking Elizabeth Warren (via The Baseline Scenario).

Please read the post and add Rortybomb to your favorites.

James Pilant

Why Elizabeth Warren Is Still the Best Choice for CFPB Director The Consumer Financial Protection Bureau just launched its website. Meanwhile, Shahien Nasiripour has a story that found “… if the White House can’t get a nominee through the Senate by July, the bureau will lack the authority to supervise nonbank lenders, according to a Jan. 10 report by the inspectors general of the Treasury Department and Federal Reserve obtained by The Huffington Post.” One of the main reasons for creating a Consumer Financi … Read More

via Rortybomb

Small Business Needs A Consumer Protection Agency

On By southwerkIn Government Failure

Small Business Needs A Consumer Protection Agency

!!@@#dddddd444plate21-thConsumers continually suffer under the depredations of banks and credit card companies. But they are not the only sufferers. Margot Dorfman, President of the Women’s Chamber of Commerce, says that banks have cut lending to small business by 14 billion over the last year.

Small business often relies on credit cards, home equity loans and personal loans to finance their businesses. They are just as much as the mercy of the financial institutions as any individual.

Listen to what Ms. Dorfman has to say: