Language in the act clearly stipulates the Senate be involved in appointing the Consumer Financial Protection Agency's director. Recess appointments, whether unconstitutional or not, are impermissible.
The nomination of attorney Mary Jo White as SEC chairman and renomination of Richard Cordray as CFPB director indicate the White House's stance on key banking issues will create new challenges for financial institutions.
Confining banks to "narrow" or "traditional" activities, as some policymakers and pundits advocate, would drive even more customers to the shadow sector. Do we really want shadow banks to own the financial future?
The state is receiving a notably large share of national mortgage settlement benefits because of the level of harm the state sustained during our nation's mortgage crisis.
Research may fail to prove the Community Reinvestment Act contributed to the subprime housing crisis. But its supporters also can't prove that it didn't.
