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In The News
Jul 10, 2012
| The Washington Post
Consumer Financial Protection Bureau got off to a good start in its inaugural year
Issues: Financial Reform
Had more people understood the consequences of their borrowing and recognized and avoided the predatory practices that led them to dig a debt hole they couldn’t climb out of, we wouldn’t have had the housing meltdown. The Know Before You Owe initiative isn’t just about blaming the financial industry or shifting all the responsibility onto the companies. It’s about making sure people have all the information they need to make better financial decisions.
Feb 6, 2012
| The Hill
Housing Regulator Impeding Recovery, Democrats Charge
Three Democratic lawmakers from Massachusetts are putting pressure on the nation's top housing regulator to offer more assistance to struggling homeowners and arguing he is misinterpreting his statutory mission. In a letter sent last week, Reps. Barney Frank, Michael Capuano and Stephen Lynch accused Edward DeMarco, the acting director of the Federal Housing Finance Agency (FHFA), of limiting the nation's economy by being uncooperative with housing relief efforts.
Feb 5, 2012
| New York Magazine
The End of Wall Street As They Knew It
Issues: Financial Reform
On Wall Street, bonus season is a sacred ritual. It is the annual rite where net worth and self-worth get elegantly reduced to a single number.
Feb 1, 2012
| WCVB-TV
Congressman Frank eulogizes former Boston Mayor Kevin White
Issues: Local issues
Congressman Frank delivers a eulogy during the funeral service for former Boston Mayor Kevin White.
Feb 1, 2012
| 90.9 WBUR
Congressman Frank on what he learned from Mayor Kevin White
Issues: Local issues
One of Mayor Kevin White’s great legacies can be seen in the dozens of men and women he attracted into public life. One of those public careers White launched is that of 16-term Rep. Barney Frank of Newton.
Jan 31, 2012
| PolitiFact
Watchdog group debunks Newt Gingrich's claim that the financial reform law hurts community banks
Issues: Financial Reform
The watchdog web site PolitiFact, a winner of the Pulitzer Prize, publishes a complete repudiation of Newt Gingrich's claim that the Wall Street Reform and Consumer Protection Act hurts community banks and small businesses.
Jan 30, 2012
| The Hill
Consumer complaints already pouring into CFPB
Issues: Financial Reform
The Consumer Financial Protection Bureau (CFPB) is already fielding thousands of complaints about financial products like credit cards and mortgages, the agency said Monday in its first semiannual report to Congress.
Jan 30, 2012
| The Hill's On the Money blog
Consumer Financial Protection Bureau already handling thousands of complaints
Issues: Financial Reform
The Consumer Financial Protection Bureau (CFPB) is already fielding thousands of complaints about financial products like credit cards and mortgages, the agency said in its first semiannual report to Congress.
Jan 30, 2012
| The Hill
Consumer complaints already pouring into Consumer Financial Protection Bureau
Issues: Financial Reform
The Consumer Financial Protection Bureau (CFPB) is already fielding thousands of complaints about financial products like credit cards and mortgages, the agency said Monday in its first semiannual report to Congress.
Jan 29, 2012
| New York Times
U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom
Issues: Financial Reform
With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out. Five large American banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion of exposure to Italy, Spain, Portugal, Ireland and Greece, the most economically stressed nations in the euro currency zone, according to a New York Times analysis of the banks’ financial disclosures.
