Consumer Financial Protection Bureau http://kunc.org en 'We're Here To Stay' Says Newly Confirmed Consumer Watchdog http://kunc.org/post/were-here-stay-says-newly-confirmed-consumer-watchdog One day after his two years in limbo ended and he was <a href="http://www.npr.org/blogs/thetwo-way/2013/07/16/202644353/cooling-tensions-senate-votes-to-advance-cordray-nomination" target="_blank">confirmed by the Senate as head of the Consumer Financial Protection Bureau</a>, Richard Cordray told NPR that though political bickering held up his nomination he now believes he has bipartisan support for the bureau's work.<p>"It was a bipartisan vote to confirm me as director — 66 to 34 — and I like to think that reflects the fact that people recognize the work we're doing benefits constituents in Wed, 17 Jul 2013 20:36:00 +0000 Mark Memmott 47209 at http://kunc.org 'We're Here To Stay' Says Newly Confirmed Consumer Watchdog Cooling Tensions, Senate Confirms Cordray http://kunc.org/post/cooling-tensions-senate-confirms-cordray In the shadow of a dramatic showdown over the filibuster of White House nominations, the Senate voted to advance the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.<p>The 71-29 cloture vote means the nomination overcame the 60-vote threshold needed to break a filibuster and bring the nomination up for an up-or-down vote before the Senate.<p>Cordray had waited almost two years for this day, but looking at the larger picture, the vote is significant because it cools tensions between Republicans and Democrats. Tue, 16 Jul 2013 15:41:00 +0000 47147 at http://kunc.org Cooling Tensions, Senate Confirms Cordray Report: Overdraft Protection Puts Customers 'At Greater Risk' http://kunc.org/post/report-overdraft-protection-puts-customers-greater-risk The Consumer Financial Protection Bureau is looking at how overdraft fees affect consumers in <a href="http://files.consumerfinance.gov/f/201306_cfpb_whitepaper_overdraft-practices.pdf">a detailed report released Tuesday</a>.<p>One of the stunning finds: "Overdraft and non-sufficient funds fees accounted for 61 percent of total consumer deposit account service charges in 2011 among the banks in the CFPB report."<p>If you remember, the Federal Reserve passed a regulation in 2010 that required consumers to opt-in to these kinds of services. Tue, 11 Jun 2013 15:49:00 +0000 45642 at http://kunc.org Report: Overdraft Protection Puts Customers 'At Greater Risk' Feds Say Debt Settlement Firm Defrauded 'Financially Desperate' http://kunc.org/post/feds-say-debt-settlement-firm-defrauded-financially-desperate The work of the <a href="http://www.consumerfinance.gov/">Consumer Financial Protection Bureau</a>, the federal oversight agency established by Dodd-Frank three years ago, has resulted in its first criminal referral — a case against a debt-settlement company it says defrauded thousands of people.<p>According to the indictment filed in U.S. District Court in Manhattan, <a href="http://www.missionagency.net/">Mission Settlement Agency</a>, its manager and three employees have been charged with mail and wire fraud. Tue, 07 May 2013 18:39:00 +0000 Scott Neuman 43963 at http://kunc.org Feds Say Debt Settlement Firm Defrauded 'Financially Desperate' Labor Relations Board Will Take Recess Appointment Decision To Supreme Court http://kunc.org/post/labor-relations-board-will-take-recess-appointment-decision-supreme-court The National Labor Relations Board says it will ask the Supreme Court to review a lower court decision that invalidated three of President Obama's recess appointments, casting a legal cloud over more than 1,000 board actions over the past year.<p>In a blockbuster January ruling, three judges on the U.S. Court of Appeals for the D.C. Tue, 12 Mar 2013 22:32:00 +0000 Carrie Johnson 41447 at http://kunc.org