Consumer Credit Agency News
- Consumer Protection Bureau to Open, Director or Not Tuesday, July 19, 2011 @ 11:47PMA new Consumer Financial Protection Bureau (CFPB) is scheduled to open its doors on Thursday, despite controversy and continued efforts by critics suggesting that the agency has too much regulatory power.
- Frank to Defend Dodd-Frank, Swap-Rule Delay, Basel: Compliance Tuesday, July 19, 2011 @ 11:44PMU.S. Representative Barney Frank will make the short walk across Capitol Hill this week to defend the financial-regulation law that bears his name.
- Live Wire: Follow the rules to claim child on tax return Tuesday, July 19, 2011 @ 10:55PMQ: What is the criteria for claiming the earned income credit on a child at tax time? - P.H., Hope Mills
- State rules provide for credit in some cases of poweroutages Tuesday, July 19, 2011 @ 10:49PMMICHIGAN — With summer storm season here, the Michigan Public Service Commission (MPSC) recentlyh reminded residential customers of regulated electric utilities that they may be eligible for a $25 outage service credit on their bill under certain conditions.
- New names join key Wellington organisations Tuesday, July 19, 2011 @ 9:09PMFollowing a region-wide search for new candidates, Wellington City Council has made a number of appointments, and reappointments, to several key Council-controlled organisations (CCOs) in the city.
- FDA proposes regulation of mobile healthcare apps Tuesday, July 19, 2011 @ 8:12PMThe Food and Drug Admisitration has introduced a proposal that would allow it to regulate smartphone and tablet apps that relate to health and medical needs. The FDA on Tuesday said it would seek "input on its proposed oversight approach for certain mobile applications specific to medicine or health care called mobile medical applications ("apps") that are designed for use on smartphones and ...
- National and world briefs Tuesday, July 19, 2011 @ 11:06AMHORIZON CITY, Texas #8212; The high temperatures gripping much of the Midwest are nearly certain to persist through the week, and forecasters say the extreme discomfort will soon spread to the East Coast.
- Settlement with former video rental stores announced Tuesday, July 19, 2011 @ 10:48AMHELENA- Montana Attorney General Steve Bullock has reached a settlement with two Montana movie rental stores that filed negative credit reports against more than 12,000 of its former customers.
- 3 Consumer Issues for Elizabeth Warren Tuesday, July 19, 2011 @ 10:33AMNEW YORK (MainStreet) -- Back in September, President Barack Obama charged Harvard professor Elizabeth Warren with putting together the Consumer Financial Protection Bureau, an agency given the power to write and enforce new rules for mortgages, credit cards, bank fees and other consumer finance issues under financial reform. Many believe Warren was selected for her passion, communication skills ...
- Thunderstorms cut area power; McCafferty should be jailed; Bar owners may ban armed patrons; Medicaid workers aid men ... Tuesday, July 19, 2011 @ 10:26AMThousands of Ohio customers have lost power due to storms with high winds that snapped trees and power poles like matchsticks. The state's utilities early Tuesday reported more than 14,000 outages, mainly in parts of northern and central Ohio hit hardest by the wild weather Monday evening.
- BH Macro Limited - Monthly Shareholder Report Tuesday, July 19, 2011 @ 10:19AMBH Macro Limited - Monthly Shareholder Report
- BH Global Limited - Monthly Shareholder Report Tuesday, July 19, 2011 @ 10:13AMBH Global Limited - Monthly Shareholder Report
- Feds expand free credit score rules Tuesday, July 19, 2011 @ 9:58AMThe government's new credit score disclosure rules mean more consumers will get a free peek at their credit scores starting July 21, 2011.
- Consumer czar faces fight Tuesday, July 19, 2011 @ 2:22AMPresident Barack Obama moved Monday to get a new consumer protection bureau up and running, introducing a former Ohio attorney general as director.
- Obama names US financial watchdog chief Tuesday, July 19, 2011 @ 1:59AMUS president Barack Obama has named the head of the country's new consumer finance watchdog.
- Novartis delivers strong financial results and four major approvals in second quarter of 2011 Tuesday, July 19, 2011 @ 12:23AMNovartis International AG / Novartis delivers strong financial results and four major approvals in second quarter of 2011 . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. * …
- Commentary from Citizens for Legitimate Government Tuesday, July 19, 2011 @ 12:13AMA former News of the World reporter who was the first to allege that Andy Coulson knew phone hacking was taking place at the paper was today found dead at home. Sean Hoare's body was found on a extraordinary day when a Met police chief resigned over ...
- CFPB: Republicans Vow To Block Richard Cordray Nomination Without Reforms Monday, July 18, 2011 @ 4:42PMWASHINGTON -- President Barack Obama warned the financial industry Monday to stop fighting his administration's reforms to help consumers as he officially announced his pick to head a financial watchdog agency.
- Press Briefing by Press Secretary Jay Carney, 7/18/2011 Monday, July 18, 2011 @ 4:24PMRelease Time: For Immediate Release Location: James S. Brady Press Briefing Room 1:36 P.M. EDT MR. CARNEY: Good afternoon, ladies and gentlemen. Thanks for being here. I don’t have any announcements to make at the top, so I will start with the Associated Press. Erica. Q Thank you. So on Thursday, after the last debt talk meeting that you all announced, that ...
- Obama Nominates Cordray To Head Consumer Agency; Praises Warren Monday, July 18, 2011 @ 4:14PMABC News’ Mary Bruce (@marykbruce) and Sunlen Miller (@sunlenmiller) Report: President Obama today formally nominated former Ohio Attorney General Richard Cordray to be the first head of the new Consumer Financial Protection Bureau while offering high praise for Elizabeth Warren,...
- Obama Appoints Cordray to Lead Consumer Agency Monday, July 18, 2011 @ 4:12PMWASHINGTON (AP) – President Barack Obama moved Monday to get a new consumer protection bureau up and running, introducing a former Ohio attorney...
- Obama’s CFPB pick gives White House leverage Monday, July 18, 2011 @ 4:06PMPresident Barack Obama’s nomination of someone other than Harvard Law School professor Elizabeth Warren to head a new controversial consumer protection agency may give the White House some leverage in achieving its regulatory goals, inside-the-beltway observers contend.
- Cadmium selenide quantum dots degrade in soil, releasing their toxic guts Monday, July 18, 2011 @ 4:04PMQuantum dots made from cadmium and selenium degrade in soil, unleashing toxic cadmium and selenium ions into their surroundings, a University at Buffalo study has found.
- ContentWatch and LifeLock Partner to Protect Children From Identity Theft and Inappropriate Web Content Monday, July 18, 2011 @ 11:02AMTEMPE, Ariz. -- LifeLock and ContentWatch have partnered to provide peace of mind for parents with a special bundled offer of Net Nanny and LifeLock. A bundle designed to protect children from the lurking dangers of the web and protection for their personal identities.
- GOP Vows to Block New Consumer Watchdog Monday, July 18, 2011 @ 10:59AMThe Senate will block President Barack Obama's pick to lead a new U.S. consumer watchdog agency if the White House snubs structural changes, GOP lawmakers say.
- 5 Predatory Money Pitches to Watch Out For Monday, July 18, 2011 @ 10:54AMThe stubborn continuation of tough economic times has made it likely that you'll be exposed to bottom-feeding merchants aiming take advantage of you with offers of "help." They live in late-night ...
- Warren Goes to Bat for Obama Monday, July 18, 2011 @ 10:53AMI can speculate about why Obama didn’t pick Elizabeth Warren to run the Consumer Financial Protection Bureau, but I’m not sure she knows either. Here’s the long view: Obama could have dumped the CFPB in the legislative process that led to the Dodd-Frank financial reform bill. In fact, he was pressured by some Democrats — [...]
- Obama Sidesteps Elizabeth Warren, Picks Richard Cordray to Lead Consumer Financial Protection Bureau Monday, July 18, 2011 @ 10:46AMABC News' Amy Bingham reports: After a year of planning and defending the new Consumer Financial Protection Bureau, Elizabeth Warren has been tossed out of the running to lead it. President Obama will officially announce today that Ohio Attorney General...
- Obama Abandons Warren, Names Cordray as Consumer Chief Monday, July 18, 2011 @ 10:43AMAfter months of GOP opposition in Congress, the president gives up on his first choice for the financial protection post
- Obama picks ex-Ohio attorney general to lead consumer agency - Mon, 18 Jul 2011 PST Monday, July 18, 2011 @ 10:14AMWASHINGTON – Reigniting a partisan fight over banking regulations, President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a consumer protection bureau that was a central feature of a law overhauling the rules that govern the financial sector. Obama plans to formally announce the nomination today, the White House said Sunday. Republicans immediately ...
- Obama Picks Bank Critic Cordray For Consumer Job Monday, July 18, 2011 @ 10:07AMPresident Barack Obama on Sunday chose former Ohio Attorney General Richard Cordray to head the new agency charged with protecting the nation's consumers from abusive mortgage lending practices and hidden credit card fees.
- Markets in for tough slogging amid U.S. government debt showdown Monday, July 18, 2011 @ 9:58AMGains will likely be elusive on stock markets this week, despite a strong start to the second quarter earnings reporting season, as worries about massive government debt shift to the United States.
- GOP vows to block new consumer watchdog Monday, July 18, 2011 @ 3:07AMWASHINGTON, July 18 (UPI) -- The Senate will block President Barack Obama's pick to lead a new U.S. consumer watchdog agency if the White House snubs structural changes, GOP lawmakers say.
- Obama picks ex-Ohio AG to lead new consumer agency Monday, July 18, 2011 @ 2:21AMPresident Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a new Consumer Financial Protection Bureau that was a central feature of a law that overhauled banking regulations.
- Muted quarterly growth expected Monday, July 18, 2011 @ 1:17AMDubai: Regulatory tightening of the retail banking business combined with slow loan growth to the private sector is expected to result in muted earnings growth in the UAE banking sector in the second quarter of this year, according to banking sector analysts.
- US downgrade and weaker dollar in focus Monday, July 18, 2011 @ 1:13AMUS downgrade and weaker dollar in focus
- FTSE live: market report - as it happened July 15, 2011 Monday, July 18, 2011 @ 1:13AMThe FTSE 100 slipped back, chalking up its biggest weekly loss since March, as traders awaited the European banking stress test results.
- Obama nominating former Ohio AG to head consumer financial protection bureau. Sunday, July 17, 2011 @ 7:10PMWASHINGTON — President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a new consumer financial protection bureau that was a central feature of a law that overhauled banking regulations.
- Inflation at 5 year High Sunday, July 17, 2011 @ 7:04PMConsumer prices rose by more than market and Reserve Bank forecasts in the June quarter. Annual inflation hit a 21-year high of 5.3%.
- Gundlach Leads Bond Funds Boosting Cash to Most Since 2008 Sunday, July 17, 2011 @ 6:47PMMutual funds in the U.S. that focus on bonds have the highest percentage of their assets in cash since 2008, which may temper a rise in yields from about record lows as managers put that money to work.
- Obama picks bank critic Cordray for consumer job Sunday, July 17, 2011 @ 6:32PMWASHINGTON (Reuters) - President Barack Obama on Sunday chose former Ohio Attorney General Richard Cordray to head the new agency charged with protecting U.S. consumers from abusive mortgage lending practices and hidden credit card fees.
- Obama picks former Ohio attorney general to lead consumer agency Sunday, July 17, 2011 @ 6:25PM— U.S. President Barack Obama intends to nominate former Ohio attorney general Richard Cordray to lead a new consumer financial protection bureau that was a central feature of a law that overhauled banking regulations.
- Cordray to lead Consumer Financial Protection Sunday, July 17, 2011 @ 5:56PMPresident Barack Obama will nominate former Ohio Attorney General Richard Cordray to head a powerful new consumer protection agency, White House officials said.
- Obama picks former Ohio attorney general to lead consumer agency; Republicans set to oppose Sunday, July 17, 2011 @ 5:49PMWASHINGTON - President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a new consumer financial protection bureau that was a central feature of a law that overhauled banking regulations. Republicans immediately threatened to block his Senate confirmation.
- Getting mixed signals Sunday, July 17, 2011 @ 5:17PMOlga Kalinina, director sovereign ratings, of international rating agency Standard & Poor’s on Wall Street, New York, which monitors the Barbados economy, spoke with the SUNDAY SUN’S North American correspondent Tony Best last Thursday about the state of the economy.
- Cordray is Obama's choice to lead Consumer Financial Protection Bureau Sunday, July 17, 2011 @ 9:06AMPresident Barack Obama will nominate former Ohio Attorney General Richard Cordray to head a powerful new consumer protection agency, White House officials said.
- Forex - AUD/USD weekly outlook: July 18 - 22 Sunday, July 17, 2011 @ 8:41AMForexpros - Last week saw the Australian dollar retreat from a nine-week high against its U.S. counterpart, as concerns over the pace of the global economic recovery dampened demand for
- Forex - NZD/USD weekly outlook: July 18 - 22 Sunday, July 17, 2011 @ 7:56AMForexpros - Last week saw the New Zealand dollar rally to a 26-year high against its U.S. counterpart, after official data showed that the country's economy grew more-than-expected in the first
- Forex - USD/CAD weekly outlook: July 18 - 22 Sunday, July 17, 2011 @ 7:41AMForexpros - The Canadian dollar closed the week at a nine-week high against its U.S. counterpart, as mounting fears over a potential U.S. sovereign debt default weighed on the greenback.
- Ticket differences that can trick airline customers Sunday, July 17, 2011 @ 7:34AMYou buy a ticket, pay all those pesky extra fees, and take your flight. When it all works smoothly, you pretty much get what you pay for and what you expect. But when you encounter anything out of the ordinary, you may run up against problems you never imagined you would have.