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.
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.
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.
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.
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.