During a press conference Tuesday afternoon, White House budget director Mick Mulvaney ran down his plans for the CFPB amidst a tempestuous succession and legal challenge.
Read More »Elizabeth Warren Leads Protest of Agency NPL Practices
Warren and Capuano are trying to prevent the delinquent mortgage loans from being acquired by investors who are quick to foreclose on them. The lawmakers would rather see the loans acquired by non-profits who would be more likely to engage in the loss mitigation process with borrowers and prevent foreclosure.
Read More »Bill to Cap Fannie Mae and Freddie Mac CEOs’ Pay Passes in U.S. Senate
S.236, known as the Equity in Government Compensation Act of 2015, was co-sponsored Sen. David Vitter (R-Louisiana) and Sen. Elizabeth Warren (D-Massachusetts).
Read More »Sen. Warren Asks Regulators to Examine New System for Compliance Issues
Warren sent a letter to the heads of the Consumer Financial Protection Bureau (CFPB), Commodity Futures Trading Commission (CFTC), Department of Justice (DOJ), Federal Deposit Insurance Corporation (FDIC), Financial Industry Regulatory Authority (FINRA), and Securities and Exchange Commission (SEC).
Read More »Senators Introduce Amendment to Prevent Use of Fast Track to Weaken Dodd-Frank
Four Democratic U.S. Senators, Elizabeth Warren (Massachusetts), Jeff Merkley (Oregon), Richard Blumenthal (Connecticut), and Tammy Baldwin (Wisconsin), have introduced an amendment aimed at preventing future administrations from weakening financial regulations, according to an announcement on Warren's website.
Read More »Senators Introduce Bill Limiting Fed’s Lending Authority, Ending ‘Too Big to Fail’
"If big financial institutions know they can get cheap cash from the Fed in a crisis, they have less incentive to manage their risks carefully - which further increases the chance of another financial crisis," Warren said. "This bill would make our financial system safer and help level the playing field between the megabanks and their smaller competitors."
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