Keyword: cordray

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  • U.S. Ruled by Executive, Legislative, Judicial Branches… and Richard Cordray

    06/23/2017 10:14:57 AM PDT · by Cheerio · 7 replies
    The American Spectator ^ | June 22, 2017 | Jon Cassidy
    A despotism in our midst no one can do anything about, evidently. Could Congress create a fourth branch of government? Maybe break off a piece of what the executive branch handles now — commerce, say, or agriculture, or maybe even defense — and create a new office supported by its own dedicated tax stream and the authority to levy penalties? The president could still appoint this officer — I think prince-bishop has a nice ring to it — but wouldn’t be able to remove His Excellency absent extraordinary factual circumstances. Maybe we could expect the prince-bishop to decree exile for...
  • Top 10 Holdover Obama Bureaucrats President Trump Can Fire or Remove Today

    02/19/2017 9:53:13 AM PST · by kevcol · 32 replies
    Breitbart ^ | February 18, 2017 | Michael Patrick Leahy
    Here is a list of the top ten holdover Obama loyalist bureaucrats President Trump can either fire immediately or remove from their current positions (civil service). 1) John Koskinen, Commissioner of the Internal Revenue Service 2) Richard Cordray, Consumer Financial Protection Bureau Director 3) John Lansing, CEO of Broadcasting Board of Governors 4) Amanda Bennett, Voice of America Director 5) Kenneth Tota, Acting Director of the Office of Refugee Resettlement, Department of Health and Human Services (civil service) 6)Anastasia Brown, Acting Deputy Director for Refugee Programs, Office of Refugee Resettlement, Department of Health and Human Services (civil service) . ....
  • Dems Debate Striking Deal with Republicans on Reforming Consumer Financial Protection Bureau

    04/01/2017 9:57:36 AM PDT · by ColdOne · 10 replies
    breitbart.com ^ | 3/30/17 | Sean Moran
    Republicans on the House Financial Services Committee hope to markup legislation to reform Dodd-Frank in April. Democrats will have a month to agree upon a strategy to defend the CFPB and to decide to what to degree they wish to work with Republicans to keep the CFPB alive. Democrats believe they can strike a deal with Republicans to transform the CFPB into a bipartisan commission from a single directorship. Congressman Brad Sherman (D-CA) explained that the alternative would give President Trump sole control over the CFPB when current director Richard Cordray’s term expires next year.
  • Trump takes on CFPB, a regulatory agency set up by Elizabeth Warren so no Republican could ever work

    02/06/2017 8:55:43 AM PST · by Sean_Anthony · 3 replies
    Canada Free Press ^ | 02/06/17 | Dan Calabrese
    The tyranny of the administrative state. The Consumer Financial Protection Bureau is one of those things that sounds purely like the government helping out the sainted little guy against threats from the powerful and the predatory. And there’s a lot of danger in that. The CFPB was created by Democrats as part of the passage of Dodd-Frank in 2010, and Obama appointed left-wing stalwart Richard Cordray to wield the agency’s considerable power. Now Trump believes, correctly, that it’s time to rein Cordray and the CFPB in, which the political class sees as a case of evil Republicans undercutting the rights...
  • CFPB's Inconvenient Truth Revealed By Complaints Database

    08/22/2015 12:14:59 PM PDT · by Kaslin · 25 replies
    Townhall.com ^ | August 22, 2015 | Dan Horowitz
    The Consumer Financial Protection Bureau (CFPB), a federal agency designed to purposely avoid oversight from Congress, with much fanfare recently introduced a public database cataloging all of the complaints it has received from consumers. “Consumer complaints are the CFPB’s compass and play a central role in everything we do. They help us identify and prioritize problems for potential action,” CFPB Director Richard Cordray said in a press release announcing the new public database. The only problem? The database shows complaints about “payday lenders,” which are currently in Cordray's cross hairs, composed less than one percent of all complaints, far outnumbered...
  • The Consumer Financial Protection Bureau Isn't Protecting Consumers!

    08/15/2015 4:59:49 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | August 15, 2015 | Ken Blackwell
    When a government agency called the Consumer Financial Protection Bureau (CFPB) is created by Congress, one would expect that a few consumers could actually receive protection, but that hasn’t been the case with this agency’s track record of mismanagement, inefficiency and waste. The CFPB has been operating for four years now and if it were a sports team, its coach, Richard Cordray, would certainly be looking for work. CFPB was created as part of a Washington law known as “Dodd-Frank” – named for sponsors former Sen. Christopher Dodd and former Rep. Barney Frank. When CFPB director Cordray announced the laudable...
  • Why Is Obama Stockpiling Your Personal Financial Records?

    06/05/2014 4:35:58 PM PDT · by jazusamo · 52 replies
    Investors.com ^ | June 5, 2014 | IBD Editorial
    Diversity Police: Republicans are scratching their heads over the Obama regime's privacy-invading "National Mortgage Database Project." What's it for? That's easy: redistribution of wealth. In an unprecedented federal intrusion, the president's most radical financial regulators — Mel Watt of the Federal Housing Finance Agency and Richard Cordray of the Consumer Financial Protection Bureau — are creating a massive discrimination database on as many as 230 million Americans. It will encompass a mortgage holder's entire credit history — including credit scores and account balances — and all credit lines, from credit cards to student and car loans. "Why are we collecting...
  • New federal database will track Americans' credit ratings, other financial information

    05/30/2014 5:48:55 AM PDT · by Chickensoup · 60 replies
    Washington Examiner ^ | 5/30/2014 | Richard Pollock
    As many as 227 million Americans may be compelled to disclose intimate details of their families and financial lives -- including their Social Security numbers -- in a new national database being assembled by two federal agencies. The Federal Housing Finance Agency and the Consumer Financial Protection Bureau posted an April 16 Federal Register notice of an expansion of their joint National Mortgage Database Program to include personally identifiable information that reveals actual users, a reversal of previously stated policy. Sign Up for the Watchdog newsletter! FHFA will manage the database and share it with CFPB. A CFPB internal planning...
  • At Last, Congress Checks Obama's Rogue Consumer Bureau

    05/20/2014 4:30:18 PM PDT · by jazusamo · 3 replies
    Investors.com ^ | May 20, 2014 | IBD Editorial
    Oversight: Congress and some others in the media finally see the urgency in reining in Obama's rogue, out-of-control, unaccountable and secretive Consumer Financial Protection Bureau. This is something we have urged since its inception. In 2010, the Dodd-Frank Act gave birth to what we have argued is the single most powerful and least accountable agency in Washington. CFPB has the power to police virtually every financial transaction in the economy. Yet it holds its meetings in secret, has no inspector general and is funded outside the normal congressional budget process. On Wednesday, the House Financial Services Committee will take up...
  • Subpoena CFPB's Chief Over Secret Auto Data

    04/07/2014 5:15:38 PM PDT · by jazusamo · 6 replies
    Investors.com ^ | April 7, 2014 | IBD Editorial
    Power Struggle: CFPB Director Richard Cordray has snubbed yet another congressional request to disclose information about the shady methods he's using to investigate auto lenders for discrimination. Early last month, House Financial Services Committee Chairman Jeb Hensarling formally asked Cordray to explain how it is he can sue Ally Bank and other car lenders for policies that allegedly have a "disparate impact" on minorities when the industry doesn't even ID borrowers by race and investigators would have to guess their minority status. Then Hensarling pressed him for the metric he's using to determine a "statistically significant disparity" in loan pricing...
  • Washington & Wall Street: Hensarling Charges CFPB with Lack of Transparency

    03/25/2014 6:44:52 AM PDT · by george76 · 5 replies
    Breitbart ^ | 19 Mar 2014 | Christopher Whalen
    The liberal dictatorship of Richard Cordray at the Consumer Finance Protection Bureau (CFPB) came under fire this week when the head of the House Financial Services Committee (HFSC) called for the agency to open up its four advisory council meetings to the public and press. “Instead of operating behind closed doors, it’s time for the CFPB to live up to its oft-stated commitment to transparency and openness ... Wielding the power of the Dodd-Frank law, the CFPB has become an instrument for liberal tyranny focused against banks, mortgage companies, realtors, and other consumer credit professionals. The agency has been holding...
  • Financial Repression From The Obama Administration: How Savers May Be Forced To Buy Federal Debt

    12/23/2013 7:19:46 PM PST · by bkopto · 65 replies
    Forbes ^ | 12/23/2013 | William Tucker
    Some experts are concerned that the Obama Administration is poised to begin forcing Americans to stock their retirement accounts with low-return government bonds. Richard Cordray, director of the Consumer Financial Protection Board, told Bloomberg News that his new regulatory agency was mulling a move to control the $20 trillion that Americans have invested for retirement. He specifically mentioned 401(k) plans and IRAs. “That’s one of the things we’ve been exploring,” Cordray told Bloomberg reporter Carter Dougherty in January. Cordray’s seemingly stray comment was largely ignored by mainstream and financial media, but won the attention of fund managers and economists. SNIP...
  • Yet Another Government Agency Is Keeping Tabs On You

    11/20/2013 7:37:24 AM PST · by SeekAndFind · 4 replies
    RCM ^ | 11/20/2013 | Hester Pierce
    At a Senate Banking Committee hearing last week, Richard Cordray - the director of the Bureau of Consumer Financial Protection - was on the defensive with respect to the bureau's collection of information about Americans' spending habits. His unpersuasive defense of the CFPB's data collection practices was not surprising in light of the agency's flawed design. First, Mr. Cordray explained that the industry and other regulators also collect credit card information. It is difficult to understand how he reached that conclusion since he did not seem certain about the scope of the bureau's data collection efforts. Mr. Cordray did not...
  • Obama’s Secret Collaboration with ACORN Bosses

    10/17/2013 7:09:50 AM PDT · by SJackson · 13 replies
    FrontPage Magazine ^ | October 17, 2013 | Matthew Vadum
    - FrontPage Magazine - http://frontpagemag.com - Obama’s Secret Collaboration with ACORN BossesPosted By Matthew Vadum On October 17, 2013 @ 12:50 am In Daily Mailer,FrontPage | 1 Comment Former officers of the disgraced radical group ACORN are still advising the Obama administration and guiding its catastrophic far-left policies almost three years after the group filed bankruptcy.Former ACORN Housing public affairs director Bruce Dorpalen, who now runs the National Housing Resource Center (NHRC), has been meeting with and advising senior Obama administration officials on housing policy, according to good-government group Judicial Watch. The watchdog discovered the secret collaborations after filing a...
  • The Consumer Financial Protection Bureau (CFPB) is looking to create a "Google Earth" of every ..

    07/17/2013 2:36:39 PM PDT · by Texas Fossil · 15 replies
    CBS News ^ | July 16, 2013 | Craig Bannister
    The Consumer Financial Protection Bureau (CFPB) is looking to create a "Google Earth" of every financial transaction of every American, Sen. Mike Enzi (R-WY) warned today in a Senate speech opposing confirmation of Richard Cordray as CFPB director. "This bill (creating the CFPB) was supposed to be about regulating Wall Street. Instead, it's creating a Google Earth on every financial transaction.
  • McCain Orchestrates Another GOP Surrender

    07/17/2013 8:56:17 AM PDT · by servo1969 · 32 replies
    Breitbart.com/Big-Government ^ | 7-17-2013 | Mike Flynn
    Sen. John McCain spent the weekend negotiating with Majority Leader Harry Reid on a deal to avert Reid's threatened use of the "nuclear option" to change Senate rules to eliminate filibusters on Presidential nominations. Through his efforts, McCain was able to secure a complete GOP capitulation on 7 pending nominations. Reid secured all the benefits of exercising the "nuclear option" without the political cost of actually using it. Under the McCain deal, the GOP will provide enough votes to secure the 60 votes needed for cloture and proceed to final consideration of the 7 nominees. In exchange, Reid agreed to...
  • Democrats win votes on four nominees in ‘nuclear option’ showdown(Wimp McConnell caves once again)

    07/17/2013 5:25:00 AM PDT · by bestintxas · 22 replies
    wash times ^ | 7/17/13
    Bowing to an ultimatum, Senate Republicans agreed Tuesday to drop objections to key Obama administration nominees, delivering a victory to Senate Democrats who said they will shelve — for now — their own plans to change the rules and curtail filibusters. The last-minute deal, announced just before the Senate was slated to hold a critical test vote, still leaves Democrats able to employ the so-called “nuclear option” and change the filibuster rules later this year if they think Republicans are obstructing appointments unfairly. Republicans said they got President Obama to withdraw two controversial nominees to the National Labor Relations Board,...
  • Senate confirms Cordray as consumer bureau chief( Freeps drop Traytable this is important)

    07/16/2013 9:20:35 PM PDT · by hatfieldmccoy · 22 replies
    Reuters ^ | Tue Jul 16, 2013 | Emily Stephenson
    The Senate on Tuesday confirmed a director of the Consumer Financial Protection Bureau, ending a nearly two-year standoff in Congress and putting the new agency on sounder legal footing. Democrats overcame long-held Republican objections to approve Richard Cordray's nomination to head the bureau, which was created by the 2010 Dodd-Frank Wall Street reform law. Bureau advocates and consumer law experts said Senate confirmation clears up a number of questions, including Cordray's legal status as the temporary bureau director and the agency's authority to oversee certain financial sectors such as debt collection.
  • The FC In Ohio: Akron And Columbus Among Leaders In Home Foreclosures

    05/20/2013 9:50:40 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 05/20/2013 | Anthony B. Sanders
    According to RealtyTrac, Akron Ohio is the leader in housing units per foreclosure filings. And Columbus Ohio is 6th on the list. The FC in Ohio? Rounding out the top 20 foreclosure metro areas are Toledo, Cleveland, Cincinnati, and Canton. You know, pretty much the entire state. Huh. I would have thought that Richard Cordray, the current Robo-cop at the Consumer Financial Protection Bureau (CFPB) and former attorney general of Ohio, would have cleaned up the foreclosure mess before heading up the CFPB. Here is a chart of underwater mortgages in Ohio. Ohio is at 32.48% underwater. The striking thing...
  • Warren Fights For CFPB Again – Barack Obama’s Tax and Spend Club Band

    02/15/2013 10:44:59 AM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 02/15/2013 | Anthony B. Sanders
    Senator Elizabeth Warren (D-MA) is fighting to protect her “brainchild”, the Consumer Financial Protection Bureau (CFPB). She also wants to support the nominated of Richard Cordray, the former Attorney General of Ohio, better known as “Robocop” for his attacks on banks and servicers over robosigning. True, robosigning foreclosures is sloppy, but there were apparently no economic harm to borrowers (that is, 100% of borrowers defaulted on their loans and the banks/servicers were trying to claim the house to mitigate losses). Yet the Attorneys’ General settlement went ahead despite no economic harm to borrowers. The settlement provides as much as $25...