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Feds fine four mortgage insurers $15 million for alleged kickbacks
WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...
Tags: Consumers, Guaranty Corporation, Finance, Insurance, Punishment
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Political stalemate continues on Consumer Financial Protection Bureau
Watchdog with Paul MuschickThe Consumer Financial Protection Bureau has a director only because the president went around Congress and seated Richard Cordray through a recess appointment. Cordray, a former Ohio attorney general, was up for nomination again today, and the... -
Senate panel approves Obama nominees to head SEC, consumer bureau
WASHINGTON — A Senate committee on Tuesday overwhelmingly approved Mary Jo White's nomination to head the Securities and Exchange Commission, clearing the way for the former federal prosecutor to be confirmed soon as Wall Street's top watchdog....
Tags: Lawyers, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Mary Jo White, Consumers, Justice System
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Top House lawmaker questions validity of consumer bureau funding
WASHINGTON -- A top House lawmaker is questioning the validity of the Consumer Financial Protection Bureau's funding, arguing that a recent court decision invalidating some of President Obama's recess appointments could make it unlawful for the agency's...
Tags: Career and Workplace, Consumers, Justice System, Finance, Crime, Law and Justice
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The Fed's not-so-golden rule
RICHMOND, Va. -- A display case in the lobby of the Federal Reserve Bank here might express humility. The case holds a 99.9 percent pure gold bar weighing 401.75 troy ounces. Minted in 1952, when the price of gold was $35 an ounce, the bar was worth about...Tags: U.S. Congress, Finance, Barack Obama, Gold and Precious Material, Politics
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Column: The Fed's not-so-golden rule
A display case in the lobby of the Federal Reserve Bank in Richmond might express humility. The case holds a 99.9 percent pure gold bar weighing 401.75 troy ounces. Minted in 1952, when the price of gold was $35 an ounce, the bar was worth about $14,000....Tags: U.S. Congress, Finance, Barack Obama, Gold and Precious Material, Politics
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Elizabeth Warren's first grilling of regulators is a YouTube hit
WASHINGTON — Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November. In less than five minutes last week,...
Tags: U.S. Congress, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Office of the Comptroller of the Currency, Elizabeth Warren, Justice System
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Senate Democrats are united against GOP push to weaken consumer bureau
WASHINGTON -- Senate Democrats said Thursday they were united in opposing Republican efforts to weaken the Consumer Financial Protection Bureau, and told President Obama they supported the renomination of Richard Cordray to head the agency. "It is...
Tags: U.S. Senate Committee on Banking, Housing, and Urban Affairs, Career and Workplace, Bernard Sanders, Elizabeth Warren, Consumers
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Senate Republicans vow to block consumer bureau chief's nomination
WASHINGTON -- Nearly all Senate Republicans have pledged to block the confirmation of Richard Cordray to head the Consumer Financial Protection Bureau, adding to the uncertainty about the agency's leadership after a recent court ruling threatening his...Tags: U.S. Senate Committee on Banking, Housing, and Urban Affairs, Career and Workplace, Consumers, Elections, Tim Johnson
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New mortgage rules show just how out-of-touch the lending process is
Watchdog with Paul MuschickA federal agency is scheduled to announce new rules today governing how future mortgages can be made. The centerpiece of the rules is making sure borrowers can afford to repay the loans. Shouldn't that always have been the case? That's...... -
Court rules Obama recess appointments unconstitutional
WASHINGTON — A federal appeals court, dealing a defeat to President Obama, has sharply limited the chief executive’s power to bypass the Senate and to make temporary “recess” appointments to fill vacant slots in government...
Tags: U.S. Congress, Clarence Thomas, Career and Workplace, Consumers, Justice System
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Mary Jo White won't be intimidated as SEC chief, Obama says
WASHINGTON -- President Obama nominated Mary Jo White to be the new head of the Securities and Exchange Commission, saying her track record as a hard-nosed prosecutor means she won't be easily intimidated as Wall Street's new top watchdog. "You don't...
Tags: Elizabeth Warren, Consumers, Finance, Crime, Law and Justice, Politics
Apr 4, 2013
|Story| Los Angeles Times
Mar 12, 2013
| Allentown Morning Call
Mar 19, 2013
|Story| Los Angeles Times
Mar 12, 2013
|Story| Los Angeles Times
Feb 28, 2013
|Column| Orlando Sentinel
Feb 27, 2013
|Story| Aberdeen News
Feb 18, 2013
|Story| Los Angeles Times
Feb 14, 2013
|Story| Los Angeles Times
Feb 4, 2013
|Story| Los Angeles Times
Jan 10, 2013
| Allentown Morning Call
Jan 25, 2013
|Story| Los Angeles Times
Jan 24, 2013
|Story| Los Angeles Times
Original site for Richard Cordray topic gallery.