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Consumer Financial Protection Bureau
Quick Hit
by Progress Illinois
2:03pm
Tue Jan 3, 2012

Op-Ed: President Needs To Use Recess Power, Otherwise Consumer Financial Watchdog Has No Teeth

The following is an op-ed from Celeste Meiffren, field director for Illinois PIRG.

Since July 21, the new Consumer Financial Protection Bureau, or CFPB – a centerpiece of the 2010 Wall Street Reform and Consumer Protection Act --  has been up and running. It’s the nation’s first federal financial regulator with only one job—protecting consumers from unfair financial practices. Yet, until the bureau has a director, it does not gain all of its new authority to protect the public.

Quick Hit
by
2:00pm
Fri Jul 22, 2011

Big Banks, Wall Street Win Big This Week

It’s been a great week for big banks and corporate giants -- and a bad week for consumers and ordinary citizens everywhere.

The U.S. House passed a bill that cuts into the new Consumer Financial Protection Bureau (CFPB), and here in Illinois, Attorney General Lisa Madigan was named one of the main negotiators working with big banks for immunity in civil courts over foreclosure law suits.