Wednesday, April 7, 2010 as of 11:14 AM ET
The United States Consumer Financial Protection Bureau (CFPB) is the federal agency that holds primary responsibility for regulating consumer protection in the United States.
Read More at Wikipedia ›
Pledging "no more" Wall Street bailouts, President Obama on Wednesday signed into law a sweeping overhaul of financial regulations, saying the complex measures would ultimately help consumers make better decisions and help keep the economy out of serious trouble.
The president called the law the "strongest consumer financial protections in history." He said the law would ensure that taxpayers "never again" have to foot the bill for Wall Street's mistakes. "There will be no more tax-funded bailouts -- period," he said. The ceremony marked a signature achievement for the president in his second year, though the package was staunchly opposed by most Republicans in both chambers. GOP lawmakers portrayed the bill as a burden on small banks and businesses and argued it would cost consumers and hinder job growth. "Millions of Americans are struggling to find jobs, and yet all they see in Washington are Democrats passing massive bills that, at their core, seem to have one thing in common: more...Big changes are in store for the financial world from a government crackdown more than a year in the making.Democratic leaders in the Senate are trying to secure the...
As Yogi Berra might say, it’s déjà vu all over again in Washington. As happened with health care, Democrats are about to sic government bureaucrats on a huge chunk o...
Reince Priebus, Debbie Wasserman Schultz on 'Fox News Sunday'
Taking aim at deceptive lending, the Senate on Wednesday voted to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates ...
Searching for a campaign boost, Republican presidential candidate Michele Bachmann attached a catchy slogan Tuesday for a newly packaged 11-point proposal for repair...
Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought again...
Big changes are in store for the financial world from a government crackdown more than a year in the making.Democratic leaders in the Senate are trying to secure the...
WASHINGTON -- President Obama will introduce former Ohio Attorney General Richard Cordray on Monday as his nominee to head a new consumer financial protection bureau...
As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that would restrict its power.Republican ...
Sens. Olympia Snowe and Scott Brown pushed sweeping financial legislation to the edge of final passage Monday, both announcing they intend to support the regulatory ...
Every week on the lecture trail I meet progressives who are demoralized and/or infuriated by Barack Obama's performance as president. They insist that they will not ...
President Barack Obama's appointments to two key agencies during the Senate's year-end break ensures that GOP senators will return to work Monday in an angry and fig...
WASHINGTON -- The Senate's top Banking Committee Republican says a pending overhaul of financial regulations is flawed because it does not impose controls on giant g...
If President Obama wants to take the measure of his opposition, he only has to glance across Lafayette Park from the White House . There, behind 10 massive Corinthia...
After claiming victory on health care overhaul, President Obama is now turning his attention to reshaping the financial regulatory system."I think it is one of the p...
Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to weaken it, nibble by nibble.Wary of a...
WASHINGTON -- President Barack Obama's financial overhaul law is nearly a year old. For congressional Republicans, the fight to weaken it is just starting.Wary of tr...
WASHINGTON -- A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy and would f...
WASHINGTON -- Working into early Friday, lawmakers drafting an overhaul of bank regulations softened a contentious Wall Street restriction that would force large ban...
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.
