Obama defies GOP by naming new consumer watchdog

Lost

http://bottomline.msnbc.msn.com/_news/2012...r-watchdog

With a director finally in place and no question about its powers, the Consumer Financial Protection Bureau can start scrutinizing unfair practices by debt collectors, mortgage brokers, credit reporting agencies, and predatory payday lenders.

It seems today anything which scrutinizes unfair business practices is said to be anti-business.

Which leads me to believe business feels it needs to be corrupt to make money.

This is a sad state of affairs.
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Micah 6:8 He has showed you, O man, what is good. And what does the Lord require of you? To act justly,
and to love mercy and to walk humbly with your God.

darksurfer · Posted: Thu Jan 05, 2012 13:18 pm Post subject:

Although I like Elizabeth Warren, and would have preferred her in the top spot, I believe Cordray will make an adequate head of this desperately needed agency.

Consumers have been screwed big time in this country: same day loans, bad mortgage loans (don't get me started!!), credit card contracts that even a lawyer can't understand.

Yes, it is time.

It is nice that Ms. Warren will be Massachusetts next US senator when she defeats Scott Brown in November.

The Consumer Financial Protection Bureau is in its infancy, but it's, at least, a good start.

http://en.wikipedia.org/wiki/United_States...ion_Bureau

Regulations aren't all that bad!! LOL

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kelticwizard · Posted: Tue Jan 17, 2012 2:05 am Post subject:

From what I've read, conservatives are hollering the appointment was illegal because Congress was still in session. Everyone in Congress had left town, but apparently some people are claiming it was still in session.

Or something.

curious john · Joined: 16 Jun 2003 Posts: 1252

kelticwizard wrote:

From what I've read, conservatives are hollering the appointment was illegal because Congress was still in session. Everyone in Congress had left town, but apparently some people are claiming it was still in session.

Or something.

Looks like they left for vacation and had a frozen pipe burst?