Richard Hunt News
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The U.S. Navy has two years to convince critics, from lawmakers to some in its own ranks, that its troubled $37 billion Littoral Combat Ship program is worth continuing beyond the 24 vessels already under contract.
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Allowing consumers to refinance private loans with public funds is one option for alleviating the burden of college debt on the U.S. economy, the Consumer Financial Protection Bureau said in a report.
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Senator John McCain questioned the future of the Navy’s troubled Littoral Combat Ship as the latest batch of vessels is running as much as a year behind delivery schedules.
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Allowing consumers to refinance private loans with public funds is one option for alleviating the burden of college debt on the U.S. economy, the Consumer Financial Protection Bureau said in a report published today.
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U.S. banks may be sued by the Consumer Financial Protection Bureau if they fund discriminatory vehicle loans made by auto dealers, according to new guidance released by the agency.
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A court ruling last month cast doubt on the legality of the fledging U.S. consumer bureau and its director. Ever since, opponents have expressed hope that Senator Elizabeth Warren -- the agency’s most ardent champion -- might agree to trim its powers in return for its survival.
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Students grew indebted and went into default at the hands of a “subprime-style” private loan market that contracted amid the 2008 financial crisis, a U.S. government report issued today concluded.
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The re-nomination of Richard Cordray to run the U.S. Consumer Financial Protection Bureau shows that the former Ohio attorney general has won the confidence of Democrats who fought for the agency’s creation despite his failure to win over Republican critics.
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A federal court ruling limiting presidential appointment power could jeopardize a large swath of the work undertaken by the Consumer Financial Protection Bureau in the last year.
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One year after the U.S. Consumer Financial Protection Bureau began operating as an independent agency, Director Richard Cordray says it has achieved one of its chief goals: getting Wall Street to pay attention.
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