| Jan 9, 2012
Senate Majority Leader Harry Reid, a man whose political success is largely attributable to the aura of befuddled incompetence he uses to disarm his adversaries, was a failed Watergate baby.
In 1974, a slew of often sanctimonious and very liberal...
| Jan 9, 2012
| 3:37 PM
To: Richard Cordray, Director
Consumer Financial Protection Bureau
Dear Mr. Cordray:
First, congratulations on your appointment to lead the Consumer Financial Protection Bureau.
Unless the banking interests have their way, your appointment is expected...
| Jul 8, 2012
Much of the wealth of millions of baby boomers is tied up in their houses — a sure sign we're going to see a growing demand for reverse mortgages.
These mortgages allow older homeowners to drain the equity in their house without having to sell it...
| Jan 20, 2012
| 2:46 PM
Apparently, when people transfer money to relatives outside the U.S., they are dinged by hidden fees. The result is that those family members get less than expected.
The Consumer Financial Protection Bureau today adopted a rule that generally will...
| Jan 13, 2012
| 12:45 PM
Republicans lament the action taken by our president to make a recess appointment — finally — to head the Consumer Financial Protection Bureau, a valuable government agency.
I do not know the likely outcome of any challenge to this action,...
| Dec 2, 2011
| 5:04 AM
The new Consumer Financial Protection Bureau has teamed up with the Treasury Department and — this is a mouthful — the Office of the Special Inspector General for the Troubled Asset Relief Program — to shutter mortgage modification...
| Jan 17, 2012
| 3:00 AM
President Barack Obama's recess appointment to direct the Consumer Financial Protection Bureau (CFPB), Richard Cordray, wasted no time in announcing the watchdog agency's "nonbank supervision program." Bringing nonbank mortgage lenders more fully and...
| Jul 2, 2014
| 8:35 AM
A government watchdog criticized the Consumer Financial Protection Bureau's controversial headquarters renovation, whose price tag has risen to an estimated $216 million, saying there was not a "sound business case" for the project because the agency...
| Jul 4, 2014
| 10:55 AM
Corinthian Colleges Inc., the troubled for-profit college corporation, announced it will sell off the vast majority of its campuses over the next six months amid heightened scrutiny from the federal government.
As part of an agreement late Thursday with...
| Jun 30, 2014
| 5:20 AM
PITTSBURGH After more than a decade of eluding phone calls, a Brighton Heights man said his experience with a third-party collection agency hired to recoup his student loan debt went from marginally annoying to borderline cyber stalking.
Even for loan...
| Jun 27, 2014
| 12:49 PM
If I were Consumer Financial Protection Bureau Director Richard Cordray, I might be rethinking my retirement plans.
Cordray is only 55, so it'll be a few years before the AARP inundates him with solicitations. But he may be the last director to win...
| Jun 19, 2014
| 11:47 AM
A besieged chain of for-profit colleges based in Orange County is in danger of shutting down after the U.S. Department of Education levied new restrictions on its students' access to federal student aid.
Santa Ana-based Corinthian Colleges Inc., which...