The director of the Consumer Financial Protection Bureau, Richard Cordray, is catching heat from GOP operatives -- most recently Trump loyalist Corey Lewandowski -- who are looking to gut the agency.
Legislation introduced by Sen. Ted Cruz and Rep. John Ratcliffe would kill the Consumer Financial Protection Bureau.
For all the railing against dysfunction in the nation's capital, very little had actually happened to overcome it -- until this week. That's why the agreement to begin putting an end to Senate filibusters of presidential nominees is a very big deal. It is an acknowledgement that the only way to stop political bullying is to confront the bully.
A look at the day's political happenings, including Attorney General Eric Holder condemns "Stand Your Ground" laws and Jeremy Scahill stops by "The Colbert Report" to discuss President Obama's drone strike policy.
A look at the day's political happenings, including what Texas Republicans say is the real reason Gov. Rick Perry won't run for re-election next year and watch what happens when a woman bravely calls out Texas lawmakers over the state's abominable anti-abortion measure.
The Consumer Financial Protection Bureau may not be popular with some conservatives, but the CFPB and its stealthily appointed Director Richard Cordray are here to stay, and the watchdog agency is kicking into action by making debt collectors and credit rating companies accountable for their actions.
Because this is one of the things he can do from the Oval Office, President Obama pulled what his Republican opponents will no doubt characterize as a fast one by forcibly installing Richard Cordray on Wednesday as his chosen leader of the recently configured Consumer Financial Protection Bureau while Congress was on recess.
Those dastardly Republicans have done it again. First they blocked President Obama's original choice, the esteemed Elizabeth Warren, to head up the new Consumer Financial Protection Bureau, and now Senate Republicans have shot down another stellar candidate, Richard Cordray.
Fearing a tough confirmation fight, the Obama administration has decided that Elizabeth Warren will not head the new Consumer Financial Protection Bureau. Instead, the White House will nominate Richard Cordray, who was already selected to be the agency's top enforcer and who, in his previous gig as Ohio's attorney general, had put himself on the map by suing big banks. (more)