In what can only be described as a laughable op-ed in The Detroit News today, multi-millionaire Republican and Foreclosure King David Trott attempts to portray a Republican bill to roll back consumer financial protections under Dodd-Frank and kneecap the Consumer Financial Protection Bureau (CFPB), a federal bureau that has “won almost $12 billion in refunds and relief for an estimated […]

Yesterday, I wrote about President Obama giving recess appointments first to Richard Cordray as Director of the Consumer Financial Protection Bureau (CFPB) and then to three National Labor Relations Board (NLRB) members. In a blockquoted piece from Talking Points Memo was this tidbit: On the unprecedented nature of the appointment, McConnell and Boehner have a decent case. Both parties have […]

In October, 37 attorneys general from across the country sent a letter to Congress (pdf) urging them to support the nomination of Richard Cordray to head up the new Consumer Financial Protection Bureau. This included ten Republican AGs. Not among them: Michigan Attorney General Bill Schuette. The letter gives Cordray and the fledgling bureau itself glowing reviews. The undersigned state […]