CFPB Director Grilled on Capitol Hill

Questions about mortgage database, widespread discrimination at Dodd-Frank office
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray  / AP

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray received tough questions on Capitol Hill on Wednesday, when he was forced to defend plans for massive data collection by his agency and spending $184 million to renovate the CFPB’s headquarters that he described as a “dump.”

Opaque Government

Trade group accuses federal advisory board of holding illegal closed meeting

The trade group for payday lenders accused the Consumer Financial Protection Bureau of breaking a federal transparency law for advisory councils in a letter sent to the bureau last week.

Left-Wing Groups Shape Dodd Frank

Financial regulations pushed by groups with ties to dark money outfits
Elizabeth Warren, former special adviser to CFPB, speaks on of the anniversary of the Dodd-Frank / AP

A host of left-wing groups met with top regulators in the aftermath of the 2010 passage of the Dodd-Frank financial regulation legislation, raising concerns among some observers that the administration’s approach to those regulations could be colored by some of the left’s more radical elements.

Obama’s Constitution

President runs roughshod over founding document
AP Images

President Barack Obama is running roughshod over the Constitution, legal scholars say, by disregarding it, changing laws outside the legislative process, and extending federal power in unprecedented ways.

‘Bipartisan’ Board Donates to Dems Overwhelmingly

CFPB packed with staunch Democrats, few Republicans
Richard Cordray, President Obama / AP

The Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, which meets Thursday for the first time in St. Louis, contains numerous Democratic donors, including a member of the Democratic National Committee (DNC).

Too Big to Succeed

Major constitutional lawsuit filed against Dodd-Frank is critical of bill’s scope

A small community bank in Texas is challenging the constitutionality of the Dodd-Frank financial reform.

Government Thumb-Breakers

Feds engage in same deceptive lending practices they accuse private firms of practicing

When President Obama signed the controversial overhaul of the federal student loan program into law in 2010, he declared victory over “bankers and middlemen.” To this day, however, the federal government continues to engage in some of the same deceptive lending policies private firms are frequently accused of practicing.