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How is it possible that a straight-talking grandmother from the Midwest can't win over Congress to run an agency created to help consumers with their finances?
FORTUNE -- Which one of his constituents was Representative Patrick McHenry (R-NC) acting in the interests of when he attacked Elizabeth Warren on Tuesday? Was it the broke homeowner in the Blue Ridge Mountains? Or the laid off textile worker in Rutherford County? Somehow I MOREDuff McDonald, Contributing Editor - May 26, 2011 10:19 AM ET
A series of bills aimed at watering down the Consumer Financial Protection Bureau will be up for vote this week. What's a consumer agency that can't protect?
by Abigail Field, contributor
FORTUNE -- An obscure but extremely important political war is being fought in Washington right now over the design and power of the Consumer Financial Protection Bureau, the new agency created in the wake of the financial meltdown to protect consumers MOREMay 3, 2011 12:21 PM ET
We didn't fix the major problems that led to the financial meltdown that produced the "Great Recession," obliterating millions of jobs and dreams. Will next year bring new hope for effective financial reform?
I've performed a painful annual ritual ever since I began writing a column about 20 years ago: re-reading my work for the year, and telling you, my audience, about things I got wrong and things I wish I'd MOREAllan Sloan, senior editor-at-large - Dec 28, 2010 8:34 AM ET
It's that time of year again -- time for holiday cheer, gift-giving, and bonus checks. Unless you're a banker in Ireland.
At a time when big bonuses on Wall Street are once again expected to be plentiful, Ireland is reining in on bankers' bonuses as it deals with shoddy finances that nearly bankrupt the country.
Earlier this week, Allied Irish Bank (AIB), the lender that is being bailed out by the Irish MORENin-Hai Tseng, Writer - Dec 17, 2010 11:23 AM ET
President Obama this afternoon formally introduced Elizabeth Warren as the... well, the person who will pick the person to run the Consumer Financial Protection Bureau.
Below is video, via CNBC, of the formal announcement. Too bad the camera didn't do a split screen, so that we could have watched Geithner wince:Dan Primack - Sep 17, 2010 3:41 PM ET
Key Senators refused to sign off on Warren as even interim head of the Bureau of Consumer Financial Protection, so the Obama administration has bypassed them altogether
Soon after it was leaked last night to ABC News that Elizabeth Warren would set up the nascent Bureau of Consumer Financial Protection, it took Republican Senator Bob Corker only minutes to respond.
"It is a key responsibility of the U.S. Senate… to advise and MOREKatie Benner - Sep 16, 2010 12:03 PM ET
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