Skip to main content

Elizabeth Warren on the verge of being named head of Obama's Consumer Financial Protection Bureau (CFPB)
Sep 16, 2010

President Barck Obama is heavily rumored to name Elizabeth Warren as the first ever head of the Consumer Financial Protection Bureau (CFPB), reporting directly to the president and Treasury Secretary Timothy Geithner. Warren, a law professor specializing in bankruptcy law, is a Harvard professor and has pushed for the formation of a governmental agency to protect the financial rights of consumers since 2007.  The May edition of Time Magazine dubbed Warren, along with Federal Deposit Insurance Corporation Chairman (FDIC) Sheila C. Bair, and Securities & Exchange Commission (SEC) Chairman Mary Schapiro, the "New Sheriffs of Wall Street." The CFPB will aim to consolidate employees and responsibilities from regulatory bodies, including the Federal Reserve, the Federal Trade Commission (FTC), the Federal Deposit Insurance Corporation (FDIC) and the U.S. Department of Housing & Urban Development (HUD). “Elizabeth Warren’s appointment to oversee the establishment of the new CFPB is a clear sign that President Obama and his administration are serious about protecting consumers from the abusive and predatory Wall Street practices that brought our country to the brink of financial collapse," said Nancy Zirkin, executive vice president of The Leadership Conference on Civil and Human Rights. In November of 2008, Warren was appointed by Senate Majority Leader Harry Reid to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act. It is expected that Warren will officially be named to the CFPB post on Friday, Sept. 17.
Sep 16, 2010
U.S. 2nd Circuit Appeals Court Rules CFPB Constitutional

Decision comes as Supreme Court prepares to review 5th Circuit Court's opposite ruling on the bureau.

Mar 23, 2023
ICE, Black Knight Officially Respond To FTC Bid To Block Merger

Companies say planned sale of Black Knight's Empower LOS resolves any antitrust concerns.

Fed OKs 9th Rate Hike In 12 Months

Boosts federal funds rate by another 25 basis points.

MISMO Seeks Comment On iLAD 2.3.0

The Industry Loan Application Dataset is the standard for exchanging loan application information.

HUD Eliminating Fair Housing Act Rule That Never Took Effect

Department to rescind 2020 rule that court injunction halted.

MISMO Names David Coleman As President

Coleman has more than 25 years of mortgage industry experience.