The following is a guest post by Lonnie Scott, Executive Director of Progress Michigan. If you’ve ever opened up a credit card, taken out a student loan or signed up for a cell phone plan, you’re probably bound to arbitration through some version of a consumer financial contract you’ve consented to – whether you know it or not. Buried in […]

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 the lastest edition of “We Can’t Wait” or, as I have come to think of it, “Screw you, Republican obstructionists”, President Obama today made a recess appointment of Richard Cordray to the Consumer Financial Protection Bureau. In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation’s […]

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 […]