In the News
WASHINGTON, July 10 (Reuters) - A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington's ire on both sides of the political aisle.
The Hill
Wall Street should stop trying to gut financial reform
By Rep. Maxine Waters (D-Calif.) - 05/21/12 01:22 PM ET
Corporate settlement policy unlikely to be changed by Congress
5/17/2012
COMMENTS (0)
WASHINGTON, May 17 (Reuters) - U.S. lawmakers showed little support on Thursday for tinkering with a regulatory policy of settling cases without requiring defendants to admit to misconduct.
By Joe Adler
MAR 29, 2012 3:02pm ET
American Banker
WASHINGTON — While Senate Republicans seem to have largely moved past President Obama's controversial recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, it was clear Thursday that the House GOP has not.
In Cordray's first semiannual report to the Financial Services Committee, which was focused on a slew of the agency's new activities, Republicans opened with terms like "unlawful," "arrogance" and "Constitutional crisis" to describe the appointment.
By Peter Schroeder - 03/29/12 02:09 PM ET
Time is not healing the wounds Republicans feel over the president's contentious decision to recess appoint Richard Cordray as the first director of a new consumer protection agency.
Time is not healing the wounds Republicans feel over the president's contentious decision to recess appoint Richard Cordray as the first director of a new consumer protection agency.
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Below is an the opinion piece by Congresswoman Waters that was posted to her Huffington Post blog page. She authored this piece in response to the recent LA Times op-ed on multi-state settlement:
By Rep. Maxine Waters, Progressive Congresswoman from California
Posted: 11/17/11 11:32 AM ET