Consumer Financial Protection Agency

On Ash Wednesday, churches in San Francisco announced they were removing $10 million from Wells Fargo and called on the bank, as per the advocacy group Faith in Public Life, “to put an immediate freeze on its foreclosures and repent for their misconduct.” The March 9 New York Times reported that “...
03/16/2012
News/Resource
Richard Cordray, five-time Jeopardy! champion, competing on the show in 1987 The Associated Press is reporting that President Obama will appoint Richard Cordray today as the director of the Consumer Finance Protection Agency, all but ensuring a pageantry of exploding heads on the right. The...
01/04/2012
Blog
NEW YORK, NY -- Demos applauds President Obama’s decision to use the Senate’s holiday recess to appoint Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB). The following is a statement released by Tamara Draut, Vice President of Policy & Programs at Demos....
01/04/2012
Press Release
The Consumer Financial Protection Bureau officially opened for business in July 2011. The CFPB was the brainchild of Elizabeth Warren, who was appointed by the President to get the agency up and running. After the financial collapse wiped out nearly $11 trillion of household wealth, much of it...
12/29/2011
Blog
Dear Senator: Demos urges the members of the U.S. Senate Banking Committee to vote in favor of confirming Richard Cordray to direct the Consumer Financial Protection Bureau. Until you act, or the President makes a recess appointment, the CFPB does not gain its full authority to protect...
10/05/2011
Publication
Comments to the Consumer Financial Protection Bureau Regarding Defining Larger Participants in Certain Markets for Consumer Financial Products and Services Markets [Docket N. CFPB-HQ-2011-2] From Demos Demos welcomes the opportunity to respond to the Consumer Financial Protection Bureau's Notice...
09/14/2011
Publication
Obama put[s] the U.S. government solidly back on the side of the middle class Washington, DC — Today, President Obama signed the landmark Wall Street Reform and Consumer Protection Act of 2010. The Director of Demos' Washington, DC Office, Heather C. McGhee, and Demos' Federal...
08/10/2011
Press Release
Today We Start Rebuilding the American Middle Class Washington, DC — Today the US Senate passed an historic financial reform bill, the Wall Street Reform and Consumer Protection Act, reigning in some of the most egregious practices of banking industry that led to the recent financial meltdown...
08/10/2011
Press Release
It has been almost a year since the passage of a major financial reform bill. Lobbyists are fighting a behind-the-scenes – and some say unequal – battle to determine how the law will affect banks. DealBook’s Ben Protess speaks to several lobbyists in Washington--including Demos Washington DC...
07/13/2011
Video
New York, NY – Today, as Congressional battles threaten the future of the Consumer Financial Protection Bureau, the national policy center Demos published a new report that shows how failures of the credit reporting system — and the increasing use of the system's credit reports and scores...
06/21/2011
Press Release
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