The Consumer Financial Protection Bureau is fighting to protect 99 percent of Americans from predatory products and services. Yet the 1 percent of Wall Street elites who are running our government are trying to put the agency out of business. Don't let them; we can't afford to lose the agency that is fighting for us.
A federal financial oversight agency sued a Maryland-based financial firm on Monday, alleging it created an illegal scheme to deceive victims of lead paint poisoning from collecting court-approved settlements.
Sprint and Verizon Wireless will pay $158 million in penalties and refunds to consumers in Maryland and elsewhere under a nationwide settlement over allegations of mobile cramming, Maryland Attorney General Brian E. Frosh announced Tuesday.
Maryland will receive about $86 million for principal reduction, the sixth-highest amount, or 4.3 percent of the relief available, according to Maryland Attorney General Douglas Gansler. There are also 2,461 loans eligible for cash payments, with disbursements expected to be more than $1,000 each.
Senate leaders struck a deal Tuesday to avoid a showdown over the use of filibusters, ending a political drama and clearing the way for Marylander Thomas E. Perez to win confirmation as head of the Labor Department.
Thomas E. Perez, the Marylander nominated by President Barack Obama to lead the U.S. Department of Labor, is set to face a critical vote in the Senate this week that puts his confirmation in the middle of a blistering battle over the use of the filibuster.
Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the adoption of a pioneering federal rule Thursday that is intended to prevent a repeat performance of the risky mortgage lending that led to the mid-2000s housing boom and bust.