38 Burst results for "Consumer Financial Protection Bureau"

Fresh update on "consumer financial protection bureau" discussed on Bloomberg Daybreak

Bloomberg Daybreak

01:45 min | 5 hrs ago

Fresh update on "consumer financial protection bureau" discussed on Bloomberg Daybreak

"Morris brings us the latest from our Bloomberg 99. 1 newsroom in Washington Senate Democrats are debating how to ensure a gets to those who really need it. A handful of moderates is pushing for changes to reduce the risk of money flowing to those households that are relatively financially unscathed by the pandemic. Biden administration argues the risk of going too small is greater than the danger of excess spending. It will be a heavy lift. Republicans maintain the bill is full of unrelated and wasteful pork. The Senate plans to open debate this afternoon in Washington. I'm Amy Morris Bloomberg Daybreak. All right, Jamie. Thank you. While senators negotiate stimulus, one of their most progressive members is pushing a wealth tax. Senator Elizabeth Warren's bill would add a 2% tax on households worth at least $50 million and a 3% hike at a billion dollars or more. The measure isn't likely to pass a split Senate. But Warren says it is gaining ground with the public people across this nation getting independents Republicans, Democrats, on majority of all of them want to see a stool wealth tax because they know that the system is rigged against the People were out of step are the folks here in Washington, Lauren spoke with our chief Washington correspondent Kevin So, really on Bloomberg Sound on Heard weekdays at 5 P.m. Eastern on Bloomberg Radio. Stay tuned for more of our interview with Senator Warren coming up in 10 minutes. Taxes are also in focus. In New York State officials have a warning for hedge fund managers pay your taxes like everybody else. Let's get the latest live from Bloomberg's John Tucker, John and Nathan. New York officials have find Thomas Sandal on his hedge fund sent a Lancet management $105 million. It's the largest penalty of its kind. He's accused of faking a move to Florida to avoid paying state and city taxes. Although the move happened in 2017, the just announced fine came with a warning for other hedge funds who've opened offices in Florida. The find suggest New York will examine any moves to ensure that relocations are real and not just a tax dodge John Tucker Bloomberg Daybreak. John. Thank you Back in D C. President Biden has suffered his first major sent back and filling his cabinet near attendant is asking to withdraw from consideration to leave the office of Management and Budget. The move comes after senators objected to her partisanship. Hand and led the Liberal Center for American Progress for almost a decade. Coming time, the Senate has confirmed President Biden's pick to head the Council of Economic Advisors. We get the latest from Bloomberg Serenity. Young Princeton University economist Cecilia Rouse one Senate confirmation as chair of President Joe Biden's Council of Economic Advisers. She's the first black American to take the Cabinet level position, which is sometimes referred to as the White House chief economist. Rouse was a member of the council under President Barack Obama and worked as an economic adviser to Bill Clinton. Much of a research has focused on closing racial wealth and education gaps in line with Biden's pledge to fight inequality. We need a young Bloomberg daybreak. We need a thank you. President Biden's pick to head the U. S. Securities and Exchange Commission is still waiting for confirmation by the Senate. At a hearing yesterday, Gary Ginzler said one of his top priorities at the SEC will be to protect retail investors, technologies change and markets change, But we should always evaluate new approaches to markets and payment for order flow is something that I think the recent events as you rightly pointed out raises that's important. Look at economically and look at what Retail investors are getting best execution, Ginzler testified. Along with Rahid shopper Abidance picked to lead the Consumer Financial Protection Bureau. Both nominees are expected to win confirmation returning to financial markets. Now futures are rebounding after yesterday's losses, so our Treasury yields edging higher the Federal Reserve is taking notice of the volatility. Had Governor Lyle Brainerd says the swings in fixed income her on her radar. I am paying close attention to market developments. Some of those moves last week and the speed of the moves caught my eye. I would be concerned if I saw disorderly conditions or persistent tightening trainer made those comments in a virtual speech to the Council on Foreign Relations. Coming up on the economic front. Today We get the first of three readings on the labor market this week, pero.

Gary Ginzler John Tucker Bill Clinton Jamie 2017 Amy Morris Lauren Warren $105 Million Council Of Economic Advisors Consumer Financial Protection Nathan U. S. Securities And Exchange Rouse Kevin So Ginzler This Week Council On Foreign Relations 3% Yesterday
Fresh update on "consumer financial protection bureau" discussed on All Things Considered

All Things Considered

01:27 min | 14 hrs ago

Fresh update on "consumer financial protection bureau" discussed on All Things Considered

"E II north Highland Sacramento. It's 5 36. From NPR news. This is all things considered. I'm Mary Louise Kelly and I'm Ari Shapiro. President Biden's picks to be the nation's top financial watchdogs faced lawmakers in the Senate today. Compared to their trump era predecessors. They're expected to be much tougher on Wall Street debt collectors and other financial firms. NPR's Chris Arnold reports the Trump administration was all about loosening rules for businesses. Gary Gansler, the nominee to head the Securities and Exchange Commission, has a very different mantra. He told the senators that companies need strong oversight. When there are clear rules of the road and a cop on the beat to enforce them. Our economy grows. In our nation prospers. Gessler early in his career, made a fortunate Goldman Sachs but then went on to earn a reputation as a tough federal regulators overseeing particularly risky types of trading while we take our eyes off the ball when we failed to root out wrongdoing We're adapt to new technologies or to really understand novel financial instruments. Things can get very wrong. And when that happens, people get hurt Republicans at the hearing. We're concerned about proposals to require companies to disclose things that they say aren't central to business. Their impact on climate change or their political spending gets where those seem to open a new rules like that for publicly traded companies when that's what investors want. Disclosures air critical to investors. They want to see what the companies they own are doing in the political arena. So if confirmed, it is something that I think the commission should consider in light of the strong investor interest in the wake of the recent wild game stop stock episode, critics say free trading platforms like Robin Hood make investing feel too much like a video game. And against their talked about needing to balance innovation with protecting in experienced investors. I think technology is provided greater access, but it also raises interesting questions. What does it mean? When balloons and confetti you're dropping and you have behavioral prompts to get investors to doom or transactions? Biden's picked to run. The Consumer Financial Protection Bureau also fielded questions from lawmakers. Many Republicans don't like the bureau and say that during the Obama years it levied unfair penalties and was too aggressive. Senator Steve Daines of Montana questioned the nominee, Rohit Chopra, about that, pointing out that Welshofer was at the Federal Trade Commission. He also wanted to hit businesses with big penalties will concern I have is you descended regularly. Because you complained the penalties one punishing enough. So your record the FTC is, I know ready some concern for many on this committee During the Obama years, the young consumer Bureau it returned some $12 billion to millions of people who the bureau determine had been cheated by financial firms. That fell off dramatically during the Trump years, leading critics to say that the watchdog agency had been put to sleep Chopra signal that would change on his watch. When you rip someone often don't have to pay them back. How is that really much of a sanction so restitution is a critical part of the CIA GPS on enforcement work trooper said he was also worried about foreclosures related to the pandemic. Millions of homeowners have been skipping mortgage payments due to financial hardship. Congress is set up rules that protect many of them who were in so called for Barents is but a trooper said he would have the bureau making sure that lenders follow those rules. We have to be ready. When it comes to four barrens is that might flip to foreclosures. I don't want to see another foreclosure crisis in this country. Overall, most Democrats pushed for tougher oversight. Republicans warned not to go too far, and both nominees basically said they would strike the right balance to let businesses function well, well, also protecting everyday Americans. Chris Arnold. NPR NEWS Derek Shove in. The former police officer charged with killing George Floyd is set as of now to go on trial in Minneapolis next week amid heavy security. Thousands of soldiers and police will patrol the streets as city leaders hope to avoid a repeat of the violence and destruction that followed Floyd's death last May. Some in the community argue the expected show of force is excessive, though, as mats epic of Minnesota public radio reports. I'm standing outside the Hennepin County Government Center in downtown Minneapolis. For decades, The sweeping brick plaza.

Ari Shapiro Gary Gansler Mary Louise Kelly Chris Arnold Floyd Rohit Chopra Goldman Sachs Minneapolis George Floyd Congress Securities And Exchange Commis CIA Federal Trade Commission Derek Shove NPR Barack Obama Next Week Senator E Ii North Highland Sacramento Republicans
Fresh update on "consumer financial protection bureau" discussed on All Things Considered

All Things Considered

01:17 min | 14 hrs ago

Fresh update on "consumer financial protection bureau" discussed on All Things Considered

"Is provided greater access, but it also raises interesting questions. What does it mean? When balloons and confetti you're dropping and you have behavioral prompts to get investors to doom or transactions? Biden's picked to run. The Consumer Financial Protection Bureau also fielded questions from lawmakers. Many Republicans don't like the bureau and say that during the Obama years it levied unfair penalties and was too aggressive. Senator Steve Daines of Montana questioned the nominee Rohit Chopra, about that, pointing out that well chopper was at the Federal Trade Commission. He also wanted to hit businesses with big penalties. Concern I have is you descended regularly. Because you complained the penalties weren't punishing enough. So your record the FTC is, I know, raising concerns for many on this committee During the Obama years, the young consumer Bureau it returned some $12 billion to millions of people who the bureau determine had been cheated by financial firms. That fell off dramatically during the Trump years, leading critics to say that the watchdog agency had been put to sleep Chopra signal that would change on his watch. When you rip someone often don't have to pay them back. How is that really much of the sanctions so restitution is a critical part of the CIA TVs on enforcement work trooper said he was also worried about foreclosures related to the pandemic. Millions of homeowners have been skipping mortgage payments due to financial hardship. Congress is set up rules that protect many of them who were in so called forbearance is But a trooper said he would have the bureau making sure that lenders follow those rules. We have to be ready when it comes to four parents is that might flip to foreclosures. I don't want to see another foreclosure crisis in this country. Overall, most Democrats pushed for tougher oversight. Republicans warned not to go too far, and both nominees basically said they would strike the right balance to let businesses function well, well, also protecting everyday Americans. Chris Arnold. NPR NEWS Derek Shove in. The former police officer charged with killing George Floyd is set as of now to go on trial in Minneapolis next week amid heavy security. Thousands of soldiers and police will patrol the streets as city leaders hope to avoid a repeat of the violence and destruction that followed Floyd's death last May. Some in the community argue the expected show of force is excessive, though, as mats epic of Minnesota public radio reports. I'm standing outside the Hennepin County Government Center in downtown Minneapolis. For decades, The sweeping brick plaza here has been the venue for countless.

Chris Arnold Rohit Chopra Floyd George Floyd Federal Trade Commission Donald Trump Congress Minneapolis Derek Shove Biden Democrats CIA Thousands Of Soldiers Senator Barack Obama Last May Next Week Steve Daines $12 Billion Minnesota
What’s Really Behind Corporate Promises on Climate Change?

Eric Metaxas

06:34 min | Last week

What’s Really Behind Corporate Promises on Climate Change?

"And corporate America. And I'm curious how much of this is the big tech tail wagging the Fortune one thousand's What Ragging the fortune 1000 dog. In other words, you see Facebook and Twitter being more aggressive YouTube and Google, obviously, as well being more aggressive with censorship, and how much of that is saying, Well, you know, these are the cultural mavens and we need access to their communication channels. We don't want to run. Afoul of Their political mores. And so we're going to essentially follow the corporate culture of those big tech companies. Well, A lot of it is is in fact, as you say, being directed by a big tech, but a lot of is also coming from finance industry. Um, if you look at, for example, Black Rock, which is the largest Asset management firm in the world was almost $9 trillion. His assets under management for the past two years. Its CEO Larry think it sent a letter to the clients and two CEOs telling them that their primary Responsibility will be to, um Focus on specific sustainability, which is code for climate change a zoo their primary investment guidance. And so they expect for all companies to disclose any and all possible information about what they're doing with respect to climate change and how they're building their businesses around climate change and how they're preparing. Or this interpret to prevent this catastrophe on if they do not, uh Cooperate with what black rock demands in Black Rock will use its leverage to change boards of directors to change management to change the bylaws of the corporations there. Black Rock has an enormous amount of influence and with together with The other two large, passive investment firm, State Street and Vanguard. It can essentially impose its will on corporations and that's what they're doing. Yeah, I mean, this is this is just this is one big blob, and it's so one institution or institution or sector leader. You know, essentially serves the other. They sort of meld all together, and that includes We can't leave out the federal government. The nominee. The bite nominee for the Consumer Financial Protection Bureau gentleman named RoWhite Chopper to, uh, who is a Elizabeth Warren protege. Has come up with a new idea to paper he opened he authored a couple of years ago for a think tank for a public integrity. Protection agency. The director would serve for 10 years subject to removal proceeding similar to that of a federal judge, basically like they envisioned for the Consumer Financial Protection Bureau, untouchable by the elected branches. And it would regulate political activities. Restrictions on advocacy, declaring that, for example, the use of think tanks, another nonprofit organizations to further the economic interests of its benefactors. Their policy research search should be impermissible. And it would look at issue based on profits progressive or conservative tea. Oh, identify whether they're advancing someone's interests, which, of course they always are, and if they are, then they could be subject to federal regulation. S O s. So you have that culture coming potentially from the federal government. I mean, that's just in idea form right now, but it gives you a new insight into the perspective and the mind's eye of Thies regulators at the highest levels of the federal government. Combined with what you're getting from some of the most powerful CEO owes and finance and tech and you, you know, it's sort of goes back to the question I asked previously. How does this all and other than badly like in some sort of Chinese communist authoritarian form of societal organization? Well, I certainly think we're moving too. Um or Authoritarian state, and that's that's the point of all of this is in the book. I trace the history of The, uh, anti Democratic nature of, UM administration but Public administration and business administration over the last Probably century and a half to arrive at the point today where we have not just government. But as you say, big tech and big finance on Big entertainment, all Intending. To do big things to change the way the world works and to go around the people in order to do so. That's the whole nature of this is its anti Democratic. It is. Intended to usurp the power of the people and to impose these political beliefs from the cop down against the will of the people. So it clearly it's authoritarians by nature. Um, I think before we end up in a totalitarian type state, however, were probably see Aiden. Natural backlash in the finance community. Where, uh, you know any type of investments, uh, that miss allocates capital eventually creates a problem and Allocating capital specifically based on social goals is clearly in this allocation of capital. And it will eventually cause problems. Um and well, you know? Well, that backlash be big enough. And soon enough is the question. Well, I think the backlash will be big enough and it will be soon enough. But unfortunately it's going to cost a lot of ordinary people. Ah, lot of money When I say Black Rock has $9 trillion in assets under management there that they're leveraging that that money isn't Larry thinks that money isn't isn't black rocks that money is yours and mine and everybody who Who investor has a four Oh one k or an I R a S o. I think that they're they're hard times coming. Um But eventually I think that will be a backlash against this on. Do you know the question is just gonna be how much will it cost us? He is Stephen Soak up senior commentator vice president and

Consumer Financial Protection Ceo Larry Rowhite Chopper Federal Government Black Rock Elizabeth Warren Vanguard Youtube Um Administration Twitter Facebook America Google Thies Public Administration Aiden Larry Stephen Soak
Joe Biden marks start of presidency with flurry of executive orders

All In with Chris Hayes

01:09 min | Last month

Joe Biden marks start of presidency with flurry of executive orders

"President biden has been in office for a little over thirty hours. He's already moving quickly. To erase the stain of his twice impeach predecessor yesterday biden ousted three trump appointees michael pack seal. The us agency for global media came under fire for pushing it. Really a corrupt pro-trump agenda with an organization that's supposed to be an actual reporting entity kathleen cranach or the director of the consumer financial protection bureau. Who critics say was more interested in protecting businesses and consumers and peter robb general counsel for the national labor relations. Board were union leaders. Say he actively worked against labor interest. Biden's also taking action overturn some of his predecessors most harmful policies he moved to suspend deportations for certain immigrants for one hundred days preserve the daca program protecting undocumented immigrants who came to the us as children president signed an executive order recommitting. The us the paris climate agreement cancelled the construction permit the keystone xl pipeline. Biden's top priorities fixing the responsible corona virus. He's already signed. At least ten executive orders directives to accelerate federal action including rejoining the world. Health organization require masks worn on all federal property

President Biden Michael Pack Us Agency For Global Media Kathleen Cranach Consumer Financial Protection Peter Robb National Labor Relations Biden United States Paris
"consumer financial protection bureau" Discussed on KLIF 570 AM

KLIF 570 AM

01:36 min | Last month

"consumer financial protection bureau" Discussed on KLIF 570 AM

"Its divisions. Fox's GURNAL Scott president, Biden immediately got to work, signing several executive orders, reversing many of former president Trump's policies. They include ones to rejoin the Paris climate accord and to require masks on federal property. More orders expected in the coming days. The president also quickly firing three trump appointees. Gone are Michael Pack head of global media, including broadcaster Voice of America. Kathleen Crane Jer, director of the Consumer Financial Protection Bureau, and Peter Rob, general counsel for the National Labor Relations Board. And anti police protest in Portland and Seattle Mart Inauguration Day We witnessed that group of smashed the windows here at the Democratic Party of Oregon Building, the group chanted Many things, including black lives matter. Confronted police and appeared to try and steal in officers. By Sarah Herberts. With FOX 12. Portland POLICE Making some arrests, America's listening to Fox News Next on house of Broken Dreams. You'll meet a woman who says she was harassed by a sexual predator while living at Mosaic when I opened the door, thank you know, pest or even maybe a deer. Something was only recruit. Raccoon is really what I expected to see in the corner of my patio to the left. Maybe 6 ft. From me is a man. Available now on Apple.

president America Trump Fox Kathleen Crane Jer Portland POLICE Fox News Sarah Herberts FOX Consumer Financial Protection National Labor Relations Board Democratic Party of Oregon Bui Biden Portland Michael Pack GURNAL Scott Paris Broken Dreams executive
Biden picks Chopra, Gensler for financial oversight roles

Forum

00:53 sec | Last month

Biden picks Chopra, Gensler for financial oversight roles

"Button is tapping a pair of veteran regulator to oversee two key financial agencies. MPR's Barbara Sprint says their selection is a signal the incoming by administration will be tough on oversight. Biden will nominate Gerry Gambler to lead the Securities and Exchange Commission and Rohit Chopra to head the Consumer Financial Protection Bureau. Their selection is a triumph for progressives who have pushed for more aggressive oversight of the financial industry. Cancer is a top financial regulator known for taking on big banks and trading houses after the dog frank financial reforms enacted following the 2000 and eight financial crisis, Chopra is the commissioner on the Federal Trade Commission and an ally of Senator Elizabeth Warren. He previously served as assistant director at the Consumer Financial Protection Bureau. It's expected a top focus of his would be student loans. Both nominees are subject to Senate confirmation.

Barbara Sprint Consumer Financial Protection Gerry Gambler Rohit Chopra Biden Securities And Exchange Commis Senator Elizabeth Warren Chopra Cancer Federal Trade Commission Senate
"consumer financial protection bureau" Discussed on Consumer Finance Monitor

Consumer Finance Monitor

05:15 min | 6 months ago

"consumer financial protection bureau" Discussed on Consumer Finance Monitor

"CFP and you know for being so feeble and for not doing anything to help consumers particularly consumers that have been. Very badly affected by. The pandemic but. It's really unfair. I guess you know that sells. and. The story that you tell based on your firsthand experience. You know it's not something that the General Media GonNa get terribly excited about. But while we're talking about sort of political leadership, politically appointed leadership at the CFP, let me ask you this. We have a general election coming up presidential election coming up in November of two, thousand, twenty and you know what? If Joe Biden becomes the president you know do you think they'll be a sea change at the CFP? BE IF BIDEN IS THE NEXT PRESIDENT You know what do you think will happen if that occurs While I think there will be a sea change. and. I am anticipating See Change. Will occur not so much because Joe Biden. You know is. You know very extreme and I am very progressive in his thinking but he is GonNa be surrounded by people who I think are going to have a great deal of influence about the future direction of the BBC and of course. I'm thinking first of all of Senator Elizabeth Warren who wrote the blueprint for the CFP, and we know she's very unhappy about what's happening at the CF pb these days so After the assuming joe by gets elected. After the inauguration, I would expect that it would not take very long. For him to replace. Kathie CRANDON JER probably initially with an acting director of the bureau because a new director of the Bureau of course would require confirmation by the Senate. And those things tend to take time and it's not going be the only appointment. That the new president would have to make, but I would think rather quickly. there. will be a at least an acting director and that acting director I would think we'll very much. You know our or I should say Elizabeth Warren will very much have the ear of that acting director. And there will be a lot of things that I think we'll change it won't happen overnight it didn't happen overnight. With trump. After rug cordray radio resigned but I think. Over a period of a few months. You will see more enforcement activity. Probably more of it. the type of activity that gets the big headlines I would think the banks will certainly the some of the larger banks. Will Be. In the crosshairs of the FBI because when they go after a large bank. They get a lot of print. The media's very interested in that So I think the amount of activity will increase you're GONNA see. Less of the still be focused on supervision but. It will I think shift back the other way again. The enforcement arm of the CFP is really predominant and I would expect that they're going to be tough There'll be some changes. In the enforcement area of the bureau I'm sure over time. and. Their demands will increase and. I think. That that's going to be one big change. Another thing I think that I'm. Quite concerned about because we do have a lot of clients that are affected by a rule and I'm talking about the small dollar lending rule. The where we are right now is that the cfpb recently finalized a rule where they got rid of the most draconian part of the rule dealing with ability to repay they left him place payment provision. which the industry is not happy with..

CFP Joe Biden acting director Senator Elizabeth Warren president cfpb PRESIDENT director Kathie CRANDON Bureau of course BBC FBI Senate
New California Financial Watchdog Would Take Aim At Predatory Lenders Amid Pandemic

NPR's Business Story of the Day

03:16 min | 7 months ago

New California Financial Watchdog Would Take Aim At Predatory Lenders Amid Pandemic

"Millions of Americans who are short of money in the pandemic are vulnerable to scams and predatory loans. California lawmakers want to protect them by creating a new financial protection watchdog agency. They say, they have to do that because the federal government hasn't done its job. NPR's Chris Arnold reports critics say that under the trump administration, the main federal watchdog, the consumer. Financial Protection Bureau has been paralyzed one study. Last year found that it's enforcement activity plunged by eighty percent from two thousand fifteen. We are now as states left to do the Work Ourselves California? Assembly member Monique Lee Mon along with the governor is proposing to create the Department of Financial Protection and invasion. It would give the state broader power to police aggressive debt collectors, predatory loans, and other shady practices limo proposed before the pandemic. But now the timing of it is even more important. You see that at at the California level since Covid we've seen an increase of forty percent consumer complaints and we want to help them. Some of those complaints are about mortgage companies, personal loans, and companies that promise to help people get out of debt. A long list of fair lending and Consumer Protection Groups are backing the proposal. Suzanne MARTINDALE WORKS ON POLICY issues for consumer reports with millions of people. In California alone who filed for unemployment, many people are teetering on the brink of insolvency here. So lonely a risky payday product, aggressive debt collector that can for someone over the edge into poverty into bankruptcy and homelessness at the worst possible time in the middle of a public health crisis. Financial firms usually aren't big fans of more regulation but Beth Mills with the California Bankers Association says, it's okay if the new agency wants to better police some of the banks competitors, she says online lenders, for example, many face much. Looser regulations than the banks do we would welcome greater regulation on them to make sure that we're operating under the same rules. But when it comes to the companies that her group represents, which she says are most of the banks and lenders in the state large and small, we would like to be exempt from the bill because the banks and financial institutions that we represent are very heavily regulated at both state and. Federal Level added appears the financial firms of the ear of some lawmakers. A source close to the legislative negotiations tells NPR that a group of moderate Democrats is pressuring the governor to allow for large carve outs for many companies and that could mean a much weaker watchdog. Richard Cordray is a former director of the federal consumer financial protection. Bureau he's been consulting on the bill and says that would be a big mistake i. Don't think that the legislature should make it hard for consumers to get their money back when they've been victimized by unfair deceptive and abusive practices. Cordray says if it's done, right the new California agency could be a model for other states for how to have a tough financial watchdog agency of their own. But a legislative deadline means the bill has to get passed by the end of the month. There's a key hearing lawmakers.

California Financial Protection Bureau Department Of Financial Protec Federal Government NPR Beth Mills Richard Cordray Chris Arnold Suzanne Martindale California Bankers Association Monique Lee Covid Director
President can fire CFPB director at will, but agency can operate

The Erick Erickson Show

01:24 min | 8 months ago

President can fire CFPB director at will, but agency can operate

"The Supreme Court has decided that the consumer financial protection bureau structure violates the separation of powers, but that the directors removal protectionist several you will recall that the the CFP was designed so that the director could not be removed by the president of the United States the supreme. Court is holding that the CFP violates the separation. Separation of powers, we go on to hold the directors removal production of several from the other statutory provisions Barron on its authority. The agency May therefore continue to operate, but it's director must be removable by the president at will due to the separation of powers that actually gives win to conservatives in a way that they wouldn't. The Consumer Financial Protection Provisions Collapses in the Way Elizabeth Warren wanted. It's structured and interestingly enough. That is John Roberts. Giving a big conservative win in theory, but has actually small ball now. How is that well? Conservatives had advanced the case on separation of powers in a unitary executive, and Roberts has conceded all of that in his decision on this. But at the end of the day it's not the wind. Conservatives wanted conservatives one of the win on the on the abortion clinic

Supreme Court Director John Roberts President Trump Elizabeth Warren United States Barron Executive
Latest Supreme Court  Judgments

Steve Cochran

00:39 sec | 8 months ago

Latest Supreme Court Judgments

"The U. S. Supreme Court has struck down a law that restricted abortions in Louisiana. That law required doctors who perform abortions to have the right to admit patients in nearby hospitals. The ruling was 5 to 4, with Chief Judge John Roberts joining the Liberals. The Supreme Court has also refused to block the execution of four federal prison inmates. Who are scheduled to be put to death in July and August. The executions would mark the first use of the death penalty on the federal level since 2003 and the high court has also ruled that the head of the Consumer Financial Protection Bureau can be removed at will by the president.

U. S. Supreme Court Chief Judge John Roberts Consumer Financial Protection Louisiana President Trump
Gov't says Fifth Third opened fake accounts like Wells Fargo

South Florida's First News with Jimmy Cefalo

00:24 sec | 1 year ago

Gov't says Fifth Third opened fake accounts like Wells Fargo

"Federal regulators are accusing fifth third bank of opening fake accounts without customers knowledge the consumer financial protection bureau filed a lawsuit accusing the Cincinnati based bank of opening fake accounts for at least two thousand eight until two thousand sixteen they say some of the fake fifth third accounts were funded meaning bank employees moved money from customers existing accounts to the new ones without their

Cincinnati
Gov't says Fifth Third opened fake accounts like Wells Fargo

AP News Radio

00:46 sec | 1 year ago

Gov't says Fifth Third opened fake accounts like Wells Fargo

"Another bank is facing charges of opening fake accounts fifth third bank is being sued by the consumer financial protection bureau the federal regulator says the Ohio based bank knew its employees were opening fake accounts since at least two thousand eight and up until twenty sixteen to meet aggressive sales targets twenty sixteen was the same year Wells Fargo admitted its employees opened fake accounts and was forced to pay billions in fines and penalties the allegations against fifth third bank include some of the fake accounts actually had money in them moved from a customer's existing account without their consent fifth third says the lawsuit wasn't necessary it had already investigated and found the financial damage caused by the employees was less than thirty thousand dollars I met Donahue

Ohio Wells Fargo Donahue
Trump names Mark Meadows as new chief of staff

Buck Sexton

00:34 sec | 1 year ago

Trump names Mark Meadows as new chief of staff

"Arraf president trump announcing he has a new chief of staff in a tweet naming congressman mark meadows to the post replacing Mick Mulvaney who held the position of acting chief of staff Nick Mulvaney a founding member of the freedom caucus in Congress was also an original member of the trump cabinet serving first as the director of the office of management and budget where he played a major role in the passage of the tax cuts and jobs act of twenty seventeen he also served for over a year as the acting director of the consumer financial protection bureau before the president name Mulvaney as his acting chief of

Mick Mulvaney Nick Mulvaney Founding Member Congress Acting Director Acting Chief President Trump Chief Of Staff Congressman Mark Meadows Director Of The Office Of Mana
Supreme Court struggles with independence of Consumer Financial Protection Bureau

Marketplace

01:02 min | 1 year ago

Supreme Court struggles with independence of Consumer Financial Protection Bureau

"The consumer financial protection bureau was created with the aim of protecting consumers from abuses in the banking and financial services industry today at the Supreme Court the court's conservative justices voiced skepticism about the independent agency NPR legal affairs correspondent Nina Totenberg has more in the aftermath of the two thousand eight financial crisis Congress created the consumer financial protection bureau lodged in the offices of the federal reserve board the bureau has enacted new rules to safeguard the mortgage market and protect consumers from abusive and misleading practices involving everything from credit cards to debt relief the CFPB is headed by a single director with a five year term and in order to ensure that the director is independent the law bars the president from firing him for any reason except for malfeasance inefficiency or neglect of duty that independence is being challenged as unconstitutional by a firm that's being investigated for misleading practices and by the trump

Supreme Court NPR Nina Totenberg Congress Cfpb Director President Trump
Supreme Court Eyes The President's Power To Say 'You're Fired!'

NPR's Business Story of the Day

05:43 min | 1 year ago

Supreme Court Eyes The President's Power To Say 'You're Fired!'

"At the Supreme Court today the trump administration is trying to make it easier for the president to replace the heads of the country's independent regulatory agencies. The administration is asking the court to restrict or reverse a decision that dates back more than eighty years. Npr legal affairs correspondent Nina Totenberg reports in two thousand eight the. Us economy was on the brink of financial disaster. A rising number of homeowners quite simply can't pay their mortgages for closures have hit a record high. The National Association of Realtors reported the worst month dropping existing home sales since they started keeping track in the late nineties. Further meltdown in the mortgage market had investors. Heading for the exits in two thousand nine. Congress sought to reestablish oversight and regulation of the financial system among the remedies enacted was a law that consolidated powers from across seven agencies into one call the consumer financial protection bureau. It was placed in the offices that the Federal Reserve and funded by the Fed. The new agency was charged with preventing a repeat of two thousand eight financial crisis. Richard Cordray was its first director for the baby. Had two roles one was to try to prevent an economic collapse of that kind ever happening again. And that was done largely to putting in place rules that safeguarded the mortgage market and ferreted out. A lot of the irresponsible and ultimately failed lending that had occurred once in place. The bureau moved aggressively to protect consumers from bad actors in banking and other financial services also in the CFP BE SITES. Were Bill Collectors. Telemarketers and others accused of misleading practices among these was the Salem Law Firm in Los Angeles investigated for charging consumers illegal. Upfront fees for debt relief services the CFP as part of its investigation demanded certain documents from the law firm. The firm refused contending that the structure of the agency is unconstitutional. Because it's director cannot be fired by the president at will instead the bureau's director like the heads of other independent federal agencies can only be fired for cause meaning malfeasance inefficiency or neglect of duty lawyer? Andy Pinkus who represents the Chamber of Commerce explains the theory of our government is that the popularly elected president will appoint officials and remove them. They're not doing what he wants. So if you take away the president's power to remove someone Then you're drastically limiting the political accountability of that individual that view however lost in the lower courts and the sale affirm appealed to the Supreme Court backed by the trump administration central today. Argument is a case dating back to nineteen thirty five. When President Franklin Delano Roosevelt tried to fire one of five commissioners on the Federal Trade Commission over his policy views. The Supreme Court ruled unanimously. That Congress created the FTC to perform quays judicial quasar legislative functions and that the president could not therefore dismiss its members the way he could members of his own administration the sale firm and the trump administration will argue that. The CFPB is different because the bureau's power was placed in the hands of a single director instead of a multi member commission again lawyer. Andy Pinkus multi member agencies the way they're structured our system have to have people from different parties. The president picks the chairman who has a lot of control about how it operates. The terms are staggered. So most presidents will have an opportunity to appoint a number of those people because the trump administration is not defending the CFP structure. The Supreme Court appointed lawyer Paul Clement to argue on behalf of the Bureau Clement notes that there are other single-member directors the government who cannot be fired by the president will among them the control of the currency and the director of the Social Security Administration. The constitution says nothing about the president's power to remove officers confirmed by the Senate pointing to that fact Clement notes. There are literally dozens of independent agencies. That control everything from monetary policy to the stock market to public health and Safety Clement says that the consequences of invalidating the CFP structure could be dire. The issue in this case is like the thread on the sweater. That if you start tugging on it and you tug on it hard enough. Potentially the whole sweater comes undone and the sweater here really is is the entirety of the whole alphabet soup of agencies that all have these four 'cause protections these agencies. He notes are often central to our economy. The Federal Reserve is a great sort of example of why Congress imposes these kinds of restrictions. Because there are certain issues in the world that we deal with the national level where it's nice to have a degree of installation for a discharging a particular duty where it's not GonNa Change with whoever's the president the trump administration however is willing to roll the dice in this case. It argues that if a single director agency cannot be distinguished from a multi member agency the court should reverse. The case decided eighty five years ago. That would throw into doubt not just the CFP B but independent agencies that comprise roughly a third of the government and not just those agencies but also potentially the rules that those agencies have laid down over the years

President Trump Supreme Court Director Congress Federal Reserve President Franklin Delano Roos CFP Andy Pinkus Nina Totenberg United States Donald Trump National Association Of Realto Federal Trade Commission Social Security Administration Richard Cordray Paul Clement Salem Law Firm
Elizabeth Warren Challenges Michael Bloomberg on 'Kill It' Abortion Comment

The 11th Hour with Brian Williams

08:57 min | 1 year ago

Elizabeth Warren Challenges Michael Bloomberg on 'Kill It' Abortion Comment

"We crossed the top of the hour. We continue our coverage of tonight's democratic debate from Charleston South Carolina as we said in the last hour. One of the biggest moments came early on Elizabeth Warren directed at Michael Bloomberg. When I was twenty one years old I got my first job as a special education teacher. I love that job and by the end of the first year. I was visibly pregnant. The principal wished me luck and gave my job to someone else so I packed stuff and I went home. At least I didn't have a boss who said to me. Kill it the way that Mayor Bloomberg never led said to one of them on employees. I never said that they were the record of truism teacher in New York City. She would never have had that problem. We treated our teachers. The right way mayor Bloomberg went on with a longer explanation of what was part of a legal case standing by with Chris Matthews in the Spin Room Senator Elizabeth Warren. Thank you so much Brian. Do you believe that? The former mayor of New York said that to a pregnant employee. Well pregnant employee said that he did. Why shouldn't I believe her? You know I'm just really tired of this world. This one is personal for me. It really is but you aim. Hi pregnancy discrimination is real and we have gone on and on and on where people say. Oh I can't really believe the woman really why not Mayor Bloomberg has nondisclosure agreements. For who knows how many women and it's not just the one the whole point is how can you actually trust someone who will not just say look? I'm going to wave on nondisclosure on sexual harassment and discrimination. Anybody who has a story to tell can come with. Everybody deserves incredible response when they make a charge like that. My question about him. You believe he's lying. I believe the woman you believe. Which was he's not telling the truth and why we live because just to protect themselves. Yeah and why would she? If that's the question why breaking as the Gospel to make sure you're clear about this. You're confident of your accusation. But all I know is what she said what he said and I've been on her end of in the sense of discrimination based on pregnancy. It happens all across this country and men all across this country. Oh my gosh he never would have said. Yeah really okay. Let's talk about redlining that we're talking about an audience down here. A heavily African American Uh constituency down here and just put. These are tough charges. What is it that he did red lining that you believe is bad? Have you seen the video? And which he describes that the housing crisis see there had been redlining and then the government caught involved and forced all of these banks to lend money to poor people and then hit. That's how he describes the housing crisis. That's blaming African Americans and Latinos who were discriminated against on housing for decades. The very act that created a black white wealth gap that persists until this day. He blames that on the people who were victimized by you. Don't here's the thing it's redlining and what happened afterwards. You know after nine hundred and sixty five when redlining was finally made illegal. We just kind of go to neutral laws. African Americans start buying homes at higher rates. And then what happens? The giant banks on Wall Street target African American Communities Target Latino communities for the worst of the worst mortgages stripping whatever wealth had been those homes back away from them of course then took it nationwide and crash. The entice fits complete with your career. I don't I don't doubt a bit of what you've been saying but strategically. Why did you decide to go after Bloomberg tonight and not Bernie Sanders? Who is really rowing? Up The score. Right down this fight so I gotTa Tell You. I think is is the riskiest candidates standing on that stage. He is risky because he's already spent a half a billion dollars nearly as that what he's crowding in on at this point and because he thinks he can buy this election and he puts out on TV with all his millions and millions and millions of dollars this image of Michael Bloomberg that just doesn't fit reality Bernie Sanders. I don't know but I think that he would be view. Worst nominee for the Democrats and he is the worst nominee because he cannot be trusted by the base of the Democratic Party. Let's shift the attention to Bernie Sanders. Who is doing very well right now. You may wind down. And you may wind down here Let me ask you about your your. Very strong statement about him was that you can do a better job as that's that gets to executive ability it gets to relations with other political figures gets to effectiveness. And where do you? Where do you found that? What's your basis for saying it's experience notice your ability as a as a legislator compared to him give me some anecdotal evidence where you are better better president potentially the he is so Bernie and I both wanted to rein in Wall Street of the financial crash of two thousand and eight gave both of us a chance to do that but I was. The one who did the hard work fought with wall. Street fought with the banks built the coalitions and actually one and got the Consumer Financial Protection Bureau passed into law. That's a great accomplishment. Let me ask you giving star where he had to fight against other only have a couple of minutes show host out. I worked on the hill longtime and I watched what could get done. What could I watch the filibuster? Sixty vote requirement every serious legislative initiative. You need sixty votes or at least to the US reconciliation. Which deals with fiscal totals? And you can use that sometimes to just operate with a majority now. Everybody has ideas. You've got much more modest ideas than Bernie in terms of quick this and universality and all that other things how do you get anything through Congress that so fifty fifty divided since the end of fifty fifty roughly one side of the other? You know it's GonNa end up point about I'm willing Mitch. Mcconnell does what he did to Barack Obama them. I'm willing to roll back the filibuster. How many votes does that take the fifty one? Or fifty it can use the nuclear option. Guesswork at look part of it is it. Depends on what Mitch McConnell if he stays in blocking position. But here's the assure agreed to do this. Here's the majority leader's. The party is majority leader. I haven't asked it is. I have been out building the foundation for this for over a year building allies. Because that's how you get things on if we want a president. Who gets things done to look? After the last debate I was a quarter of a million people came to Elizabeth Warren Dot Com. And said I want to join this? I want to be part of this fight. I think that's where we are again tonight. I hope it does go done. You got to think through. How do you have a roll-call Fifty Democrats for maybe a couple of Republicans who will get rid of the filibuster? Do you know what that can happen. So it doesn't happen if you don't get out there and build it when I started fighting for the Consumer Financial Protecion Bureau's do you know what the odds were. They were like ninety nine to one. Nobody thought we could do this. We not only were up against every republic show. We were up against half the Democrats but you stay after eight. You reel it in US pressure from the outside to build the coalition. Sometimes you have to make a compromise. Stark legislation passed with only a fifty fifty situation. What I think because this is an issue. Here's took Ted Kennedy and sixty fifty nine other. Democrats to get sea. It took sixty. And you'RE GONNA burn. You're talking about big changes that you would get in a fifty fifty. Is that health and country. Look what country is where it is progressive or can I have one chance to make transformative change. And we better do it. We better be effective on this. And here's the thing. We cancel that student loan debt. There's no going back. We make that investment in universal childcare. There's no going back. We make that investment in housing. There's no going back that's what we need to do. Make the transformative change. Get it through. And then we're going to hang onto it because we his transformative we will change this country. That's why I'm in the Spike Chris. I can tell thank you very much and everybody knows you mean it. Thank you very much Elizabeth Warren. Us Senator from Massachusetts back

Michael Bloomberg Bernie Sanders Senator Elizabeth Warren United States New York City Mitch Mcconnell Bloomberg President Trump Charleston South Carolina Redlining Elizabeth Warren Dot Com Principal Brian Chris Matthews Harassment Democratic Party Consumer Financial Protecion B
Equifax's $700 million data breach settlement spurs criticism, calls for new rules

KQED Radio Show

00:25 sec | 1 year ago

Equifax's $700 million data breach settlement spurs criticism, calls for new rules

"The credit rating agency Equifax will pay up to seven hundred million dollars in a settlement involving a huge data breach today's announcement closes investigations by the Federal Trade Commission and the consumer financial protection bureau plus nearly all fifty states Equifax technology in twenty seventeen that hackers gained access to social security numbers and other personal data for nearly a hundred and fifty million

Equifax Federal Trade Commission Seven Hundred Million Dollars
Equifax hit with $700 million fine for data breach, but is it enough? (The Daily Charge, 7/22/2019)

The 3:59

06:50 min | 1 year ago

Equifax hit with $700 million fine for data breach, but is it enough? (The Daily Charge, 7/22/2019)

"<music> today on the daily charge Equifax hot water marble phase four the anniversary of Apollo Eleven and more drama good morning welcome to see that say we charge Monday July I twenty second I'm offering. Let's take a look at today's headlines. Equifax may pay up to seven hundred million dollars as a result of a massive twenty seventeen data breach exposed the date of more than a hundred forty seven million Americans Alfred. What does this mean essentially? If you were affected by the breach you're eligible for up to twenty thousand dollars and reimbursement from equifax over this now that is much easier said than done right basically have to approved that you were affected by one of these breaches and it's not like when your social security numbers stolen. It's not like that person will contact you the hey by the way I stole this from McAfee right so that is the big question right like they put they've set aside about three hundred million dollars to to pay up to consumers. But how do you even know if you qualify yeah so at a press conference earlier today. The representative from director actually of the Consumer Financial Protection Bureau had mentioned that if you were affected by identity theft or anything like that and we're dealing with this breach. You're eligible for this like so if your identity was stolen after this breach had happened with the same data that was taken. You're pretty much eligible for it. You'RE GONNA get some money but you know the full twenty thousand dollars. You really have to prove that. Ah that it affected you that much so it's not only identity theft so you know money that you spend on attorneys that you spend on accounts to deal with this what you did what if you paid for credit monitoring that kind of thing and the hours that you dealt with it to you can go up to twenty twenty five dollars per hour for up to twenty hours you know from from the settlement what happens if you you know you weren't affected right away right like the information wasn't used against you until like a year later two years later yeah so I think think they kept it in and broad terms because of that they specifically said if you were affected after this breach happened so if you were affected by identity theft or anything like that after July twenty seventeen which is when they were hacked and then they announce it in September though but they're going by the one that had happened date okay and then the also has some rules and changes that equifax the fall to what's going on with them yeah so equifax along with paying up we'll whoa now also have to improve it security standards. They're going to have to do a yearly review of their own security standards and then also every two years have to have a third party review to make sure that you know it is doing what they say that they're doing because that's how this breach really happened even in the first place right. They said that they were warned about a vulnerability. In March they told their staff to patch it they didn't and they only learned about it after they realized they had been hacked right this as far as this is totally preventable yes all right next up marvel loaded phase four schedule including confirming black widow eternal Shanxi sequels a doctor strange and thorny blade reboot that that is a huge amount not that doesn't mention the Disney plus shows. Is there anything any product in particular you excited about. No I don't care about any of these. I don't know I guess it's cool that you know there's a lot more diversity and more representation with marvel movies. I just these like none of these superheroes really click with me. I know you can't do another ironman manner Captain America or anything like that but to be fair that was also the set of superheroes that started out this phase you know marvel had really sold the rights all of the heavy hitters and they weren't they do what they had and they built you know what they did with like infinity the war and all that right so it was very cool. Maybe they'll do a good job of all these well interestingly enough though like the heavy hitters they just got from Fox right x-men fantastic four barely got a meant yeah and and we didn't even get any information on a sequel a little Black Panther or go use the galaxy. These are two big franchises that people are interested in they really kind of pushed refocused on these new projects and we don't know as much about because they're definitely like probably because all those big names can generate their own press and they don't need it constitutes plus. There's also a disease that coming up next month so maybe a little tease more information then lastly Saturday Mark The fiftieth anniversary of the poll of moon landing our own Jackson Ryan takes a look at the various missions going on now from China to Israel as wasn't her own goal to get back to the moon by twenty twenty-five it is kind of interesting that like this was huge the captured America's attach imagination for a decade and then just abruptly ended in the seventies. We haven't really gone back yeah. I saw a study actually that looked at. Because it was like a historical perspective on how like two years later like nobody cared about they like some people couldn't even remember Neil Armstrong's names like just two years after it had happened which I am now. We're all crazy about it again. Maybe because it's the fifth year anniversary maybe a year later. We won't care about it again. Who knows I know that the Asian Museum and the folks are kids? Adults older folks. They were just Gaga over. I'm space moon is cool. I mean it's kind of like it's kind of like a nineteen sixty-nine somebody like the U._S.. Just went left. The first comment on the mood right and left didn't care about the actual content of it there you go all right lastly today's main story while we we saw continues. The White House is reportedly meeting with tech executives about the ban on Chinese telecom giant Washington Post is report detailing. It's worked to build and maintain North Korea's three G. Network. This is a story that will never end. I mean look until Oh there's definitive proof that Wa way. Is You know part of this massive espionage network and also at the same time. They're really the company that we that most countries have to rely on to build five G. Network not us not the U._S. most country yeah it's it's yeah we're just GONNA keep talking about this because like five Jeez such like like that's where every country's really going with their network and they have to rely alway on wall way for it or most of them do and and at the same time the U._S. is continuously say look that you cannot trust them on this and the U.. K. K. Collins had a great story on Friday the U._K.. is still there kind of deciding whether or not we should be in or out of these five networks.

Equifax G. Network Apollo Eleven Mcafee North Korea Neil Armstrong WA Consumer Financial Protection Captain America K. K. Collins Gaga Washington FOX Asian Museum Representative Jackson Ryan America White House
Equifax to pay up to $700 million in data breach settlement

Tony Katz and the Morning News

00:33 sec | 1 year ago

Equifax to pay up to $700 million in data breach settlement

"Maybe your data was compromised by the Equifax data breach a couple of years ago well now Equifax is paying a big fine fox is Jenny console reports Equifax will pay up to seven hundred million dollars in a settlement with the Federal Trade Commission the consumer financial protection bureau and fifty U. S. states and territories the about includes up to four hundred twenty five million in payments to customers however those hacked must show they've been a victim of fraud Equifax's agreed to offer credit monitoring services for up to ten years and will tighten

Equifax Federal Trade Commission Fraud Jenny Seven Hundred Million Dollars Ten Years
Broken Promises: Teachers Sue U.S. Over Student Loans That Weren't Forgiven

NPR's Business Story of the Day

06:16 min | 1 year ago

Broken Promises: Teachers Sue U.S. Over Student Loans That Weren't Forgiven

"Support for this podcast and the following message come from Google from Connecticut California from Mississippi to Minnesota. Millions of businesses are using Google tools to grow online learn. How Google is supporting businesses in your state at Google dot com mm slash economic impact now we haven't n._P._R.? Exclusive one of the biggest teachers unions in the country is suing the U._S. Department of Education. It's alleging that alone. Forgiveness Program for millions of public service workers is in in such a shambles that it is illegal. N._P._R.'s Chris Arnold has gotten a copy of the complaint filed in court today and he brought us this report. The programs designed to encourage people to work in public service must either governments or non profit work so nurses nurses police officers librarians teachers. All kinds of other jobs congress said more than a decade ago that basically if you make your loan payments for ten years and you work in public service the program will forgive the rest of your federal student loan debt that. That sounds like a really good deal to a lot of people and more than a million have filed official paperwork for the program but the Department of Education is just cannot seem to get this right they keep making mistakes and are not appropriately administering this program I am the Congress has created. That's Christopher Peterson. He's a law professor at the University of Utah and a former top attorney at the Consumer Financial Protection Bureau and he may be understating things. Here's a number that you need to know one percents percents but the education department's own couch of the people who think they've made their ten years payments and they apply for loan forgiveness. Only one percent are getting approved that means if you took all of the people getting rejected and got them together other into one place you'd have football stadiums full of nurses firefighters teachers law enforcement officers that are seeking to have their debts forgiven having made all of these payments under the impression. Question that they were on track and now they're being turned away in droves this has sparked a growing number of lawsuits many against the loan servicing companies that manage student loans for the Department of Ed but Peterson says this latest one ratchets catches up the pressure. Here's a teacher's Union representing one point seven million members suing the Education Department Randi Weingarten is the president of the American Federation of Teachers and she says this program is hurting the very people its supposed to help and it's so broken so broken that it violates our basic United States constitution requirement of due process the basic fairness clause of the United States constitution and that is the core of this lawsuit okay so to understand what's going wrong here. We're going to zoom in on just one of the lawsuit's plaintiffs okay well. My name is Debbie Baker. <hes> I'm actually a music teacher. I knew that <hes>. That I had the correct employment I mean Good Grief Public Schoolteacher Oklahoma teachers don't make that much many and they certainly didn't then and I thought this is great so back ten years ago. Baker says she looked under student loan statements called up that eight hundred number and and said I WANNA do this public service loan forgiveness thing that's what the Department of Education tells people that they should do that number connects you to a loan servicing company which the government hires to advise people with student loans and collect their payments. I called them up. I told them I heard about it and they explained that basically went on income sensitive repayment plan and that after you've made one hundred twenty payments you could apply for the program so it was it was that easy bigger says each year here she'd call back do paperwork and she'd say I'm working towards public service loan forgiveness ear Liz everything good qualifying for public service loan forgiveness and they said okay great over the years she dealt with different loan servicing companies. One of them was navient. And one of the nation's biggest and as the ten year finish line approach to Baker was getting pretty excited and right then she didn't have a lot to be happy about her adult son in his twenties had been stricken with a degenerative disease. You know he was living at home with us on mm full-time care we were caring for him. <hes> we put my mother in a nursing facility and so this was a bright spot like this Kennedy great but that seventy six thousand dollars in student loans did not get forgiven because in the end Baker was told that she was in the wrong type of loan and so none of her payments over the past years counted towards debt forgiveness if somebody at the call centers would have just told her that ten years before she easily could switched into the right kind alone to qualify for forgiveness but she says nobody told her so that never happened and when this hit I just I didn't know whether to cry throw up. Get Mad. I just didn't know what to do. I honestly did not think the federal government would do this to someone the. The Union's lawsuit alleges that lots of other borrowers got bad information too and also that services aren't keeping track of how many payments people are making that are supposed to count towards loan forgiveness. The loan servicer navient said in a statement quote. We understand the frustration borrowers face in navigating complex federal loan program which is why we consistently advocate for policy reforms to simplify the system the lawsuit from the Teacher's Union wants the court to take more immediate action Christopher Christopher Peterson. They're asking for a court to order the Department of Education to go back to the drawing board and try to redesign this program to make sure that that the public that teachers but also firefighters nurses police officers that they're going to get a a reasonable the opportunity to have their debts forgiven. They were promised by Congress. The Department of Education is not commenting on the lawsuit yet. The Teacher's Union is also asking for an effective appeals process for people who believe that they've been treated unfairly. We should note that the department.

Department Of Education Debbie Baker Christopher Christopher Peters Google Congress Union Teacher's Union Department Of Ed United States Chris Arnold American Federation Of Teacher Federal Government Randi Weingarten Oklahoma Degenerative Disease Football Connecticut Official LIZ
CFPB Chief Says Education Department Is Blocking Student Loan Oversight

NPR's Business Story of the Day

04:56 min | 1 year ago

CFPB Chief Says Education Department Is Blocking Student Loan Oversight

"Support for NPR and the following message come from gusto, providing payroll, benefits and HR services for small businesses, gusto serves more than sixty thousand businesses nationwide. With full service payroll HR, tools and health insurance at gusto dot com slash NPR. The director of the consumer financial protection bureau. The CF PB says the Trump administration's education department is getting in the way of efforts to police the student loan industry. This comes amid lawsuits that allege widespread wrongdoing, by student loan companies. Here's NPR's Chris Arnold, the head of the CF PB Kathy Cran anger is responding to Senator Elizabeth Warren and other Democrats who wanted to know whether the consumer protection bureau is doing its job protecting student borrowers and her answer is pretty striking. The letter obtained by NPR is carefully worded. But in essence Kranjcar is saying that the CF is trying to do its job. But she says that companies that manage student loan. Are not handing over information that the bureau needs to do supervision because they say the education department told them, not to in other words, the education department is getting in the way it's actually quite remarkable. Seth frontman heads up the nonprofit student borrower protection center, he used to be the cfpb's student loan ombudsman, but quit last summer over frustrations with the Trump administration. The head of the consumer financial protection bureau is telling the world that the secretary of education has put in place, a series of policies, that are obstructing federal law enforcement officials from standing up for the millions of Americans with student debt Americans, like, Jessica Saint Paul. She was grappling with about eighty thousand dollars in student loans. Then when she heard about a program called public service loan forgiveness. She was ecstatic, the programs designed to encourage public service. So police officers government workers teach. People who work for not prophets if they make payments for ten years, they can get the remainder of their student loan debt forgiven. Saint Paul work for a nonprofit that provides services to foster children. I oh, this is perfect, I called interested in of a service. I don't forgive me. That was nine years ago. She says over the years she called the company servicing, her loans to check in just wanna make sure you know, I'm on track. Okay. No problem conversation with quick. I mean they were so kind. But Saint Paul says she was getting bad information. She says she found out just last year at a conference. There was an information session on loan forgiveness since she was told that she was in the wrong, kind of loan and wrong payment plan, so that she couldn't qualify. And she says a lot of other people were finding out the same thing, right there at the conference support group almost turned into because you were like, no that can't be true. And people were I went on my home. We're gonna phones and that type checking your loan, what type alone they were, and we were all sitting there like just frantic like. Well, on in my in what wait, wait. Wait. Let me pull this up. Let me see bud say, Paul says it was true. If nine years ago, her loan servicer, just told her to take a few simple steps to convert to the right loan payment plan. Everything would have been okay. Instead, she says she feels like somebody's stole tens of thousands of dollars from her is it Australia? Not just cannot believe it happened to me, it's happening to a lot of people so far about ninety nine percent of people applying for this loan forgiveness program or getting rejected, and more than one million people are actively pursuing it and hoping to qualify Saint Paul's a plaintiff in one of the many lawsuits by advocacy groups, and regulators related to this program and other problems. This is why democratic lawmakers say they want to be sure that perhaps the most powerful federal watchdog for consumers is on top of all this in March. Senator Bob Menendez pressed the issue at hearing with CF director chronicler, have you examined why ninety nine percent. Of applicants have been reject. Senator. Get I I understand why you're asking question. It's important one by don't have a specific answer to your question on this topic. Now that lawmakers have chronic or answer was with Warren and four other senators call the revelations disturbing around a letters. They just fired off to student loan, servicing companies, the cfpb in a statement says it's confident that it can resolve the issues and achieve its mission of protecting borrowers. But for its part, the education department appears to be defending its stance, but loan servicers should not hand over information to the CFP be the department says in a statement that it takes privacy. Seriously, and says requests for information about student loan borrowers should be made to the education department said, Froman says the cfpb should flex its muscles, more and take loan servicers to court. If necessary to get them to comply with its oversight efforts, Chris Arnold NPR news.

Jessica Saint Paul Senator Elizabeth Warren NPR Cfpb Chris Arnold Gusto Dot Director Senator Bob Menendez Kranjcar Senator Kathy Cran Froman Seth Secretary CF BUD Ninety Nine Percent
Debt collectors could soon send unlimited texts and emails to consumers

News and Perspective with Tom Hutyler

00:21 sec | 1 year ago

Debt collectors could soon send unlimited texts and emails to consumers

"Have to dodge debt collectors constant phone calls, but you will have to deal with their texts emails and private messages. The consumer financial protection bureau is proposing rules that would limit phone calls to seven week, but would also allow unlimited Texan emails. The rules would require an ability for a consumer to opt out of texts and emails from Bill collectors New York

New York Seven Week
"consumer financial protection bureau" Discussed on The Daily Zeitgeist

The Daily Zeitgeist

02:02 min | 3 years ago

"consumer financial protection bureau" Discussed on The Daily Zeitgeist

"And because you know the huge opponents of this shitty of blue apron for pours program is the the food marketing institute which is the largest like the lobbying group for supermarkets right i alluded they're not trying to unload their cans like you are when you go to the camp food drive and give all the bullshit they're like bright young innocent people boxes they will not by at the fucking stores sell what the fuck unity so this is a place where walmart is actually on the people's side right like oh we like ebt because that means we get the money right so it's utterly justified who's gonna get the money is it the canned food people or the food retailer big boxy guys and fake by adriana box factories all over the country does rank and everything box in a box i bet box business is booming yeah there has sierra ec box is on the rise lately all right let's talk about another policy that the trump administration released yesterday so the consumer financial protection bureau has spent the past you know it was created by elizabeth warren back when she was still a professor at harvard me socialist cuck brain health kok elizabeth warren and it was basically after the financial crisis you know they'd saw all of this rampant corruption within the financial industry and day decide to create a independent agency that was able to look at financial services and you know fine companies if they did shady shit and so far uh since they were institute in two thousand ten they've given back eleven point eight billion dollars to twenty nine million consumers since two thousand eleven so that's an average of four hundred and seven dollars returned to roughly nine percent of the us population so they're like helping people help like that's yelling their hurting the bank's gerald that's that is the marine wells fargo jack the they're extremely wealthy financial companies that are like me.

walmart elizabeth warren adriana box harvard us eight billion dollars seven dollars nine percent
"consumer financial protection bureau" Discussed on The Daily Zeitgeist

The Daily Zeitgeist

01:46 min | 3 years ago

"consumer financial protection bureau" Discussed on The Daily Zeitgeist

"Right i try and unload their cans like you are when you go to the canned food drive and give all the bullshit they're like really i'm going to send people boxes they will not by at the fucking stores sell what the fuck unity so this is a place where walmart is actually on the people's side right like oh we like ebt because that means we get the money right so it's utterly justified who's gonna get the money is it the canned food people or the food retail big boxy guys in fix by andrea box factories all over the country just ragged everything box in a box i bet box business is booming the other has sia you see boxes on the rise lately all right let's talk about another policy that the trump administration released yesterday so the consumer financial protection bureau has spent the past you know it was created by elizabeth warren back when she was still a professor at harvard me socialist cuck brain health kok elizabeth warren and it was basically after the financial crisis you know they'd saw all of this rampant corruption within the financial industry and they decide to create a independent agency that was able to look at financial services and you know fine companies if they did shady shit and so far since they were instituted in two thousand ten they've given back eleven point eight billion dollars to twenty nine million consumers since two thousand eleven so that's an average of four hundred and seven dollars returned to roughly nine percent of the us population so they're like helping people help like that's yelling they're hurting the banks gentle that's that is there he wells fargo.

walmart elizabeth warren andrea box harvard us eight billion dollars seven dollars nine percent
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

01:48 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Chris because congress says you cannot fire at one stanton and andrew johnson says watch me and this is the grounds on which the house of representatives in peaches andrew johnson and then that goes to the senate for a trial as impeachment s do and the senate exonerates or at least finds president johnson not guilty and when i saw this consumer financial protection bureau thing i actually could not look away i sat in my car for almost two hours reading the news and reading reactions to it because i said wow i'm watching edwin stanton barricaded himself into the war department and that's really the crisis that i think we further souls and at this point heather uh thank you for all your powerful insights today as always it's always good to chat ron i'm rod south guy this is freak out and carryon thanks for listening if you haven't already subscribed to us on apple podcast or wherever you get your podcasts and lead us to review it helps others find the show falls on facebook and twitter a freakout carry off to visit our websitewburorgfreak out for email addresses freak out in carryon at wbur dog pork i show is produced by wpur in boston for produced an ended by catherine brewer our technical director is matt read our executive producer is iris adler music for the podcast courtesy of ap and the views and opinions expressed in this podcast are solely those of the participants and do not in any way reflect the views of wbur management or its employees.

catherine brewer matt twitter apple president andrew johnson ap executive producer technical director Chris boston facebook ron edwin stanton senate the house congress two hours
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:02 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Saddle over principles why why should anybody care about this though well because his agency is unique in in the array of many agencies in washington it was formed after the financial crash and it was formed in a way that we haven't seen in agency come into into form in thirty or forty years just like an old style agency from before ronald reagan reagan undercut a lot of the bureaucracy in america is a government's the problem he put people in charge of agencies wanted to shut the agency's down that's not the way at work pretty much from fdr to ronald reagan the folks who headed regulatory agencies were folks you didn't wanna get into a runin with add real power the the were there protecting the rights of citizens of consumers that was the way this agency was designed which is why from its inception in two thousand eight in the wake of the financial crisis in crash the great bubble bust the caused the recession russian this agency has been in the crosshairs of the way of doing business has taken hold in washington in the years since so that means everyone on wall street says how can i take this agency dow because they've got real power it does point toward a constitutional crisis and let me suggest y and that's that we have in fact in american history had two people show up for the same job on the same day before and it did not go well it was ill detail who was in eighteen sixty eight when andrew johnson appointed lorenzo thomas who was a completely unremarkable man to replace ad when standin who was the secretary of war and the rental thomas was so thrilled at the fact he had leapt to this era of prominence that he went on drinking the night before and he showed up at the door the secretary warned he couldn't open it because edwin stanton who was working at the republicans in congress had actually barricaded himself into the department and this precipitates a crisis between the president and the congress.

washington ronald reagan reagan fdr financial crisis dow lorenzo thomas secretary edwin stanton congress president america ronald reagan andrew johnson forty years
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:00 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"All right we're back ron let me just start right here and say every once in a while i step back and i think of the two of us sitting here doing this podcast and i think we're at this come from why are we hear how did america get to this place where we are literally talking about the breakdown of the rule of law it just blows me away every once in a while but i was going back uh to to what brian was talking about in the idea of the pressure of the muller investigation on trump and how he is cutting back on democracy domestically in america and it made me think about the consumer financial protection bureau which seems to me to be a really big deal i know you know a lot about that why don't you walk us through that so this oddly name consumer financial protection bureau is an agency formed there to vintage a crash in two thousand eight to basically protect consumers against the predations and kaneria financial institutions it's a signature agency that's been very controversial the republicans have been trying to kill it for years and over the weekend there was a controversy had brewed up where the director of the agency left and appointed his deputy to be the acting head of the agency at the same time the trump administration right on top of that appointed the head of the office of management and budget mick mulvaney to be the acting director so all of a sudden these two people collided on monday morning andrei english the acting deputy director and mick mulvaney of the own beat chief who's now taking on the second hat ultimately mulvaney enters the office takes the chair it goes to a judge and the judge then does rule judge appointed by trump uh that uh trump in mauvais near in the right i think this is going to continue to be a controversy going forward the drama will unfold but beneath it is a bigger back.

ron america brian director acting head mick mulvaney acting director acting deputy director trump mauvais muller
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:18 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"No one had heard of before so that totally changes things if they're actually is a gotcha moment for trump if there's not then the constitutional crisis comes much more real because it is almost certain that something nefarious has happened that the sort of innocent explanation days i think are long gone and so the idea that trump would have no knowledge of this whatsoever when his son his soninlaw his campaign manager his national security adviser are potentially aware of these things i think that the odds of that are vanishingly small thought zero i think that's a very trenchant point uh brian as to the establishment the times when i've said among them i was in washington for twenty uses reporter and of course they do have great confidence the checks and balances are working ron yes look through the courts have held up in congress is ostensibly doing its job in and i say you know i feel like i'm in one of those little polynesian villages that look up and say oh my is that a hundred for title save were 150 it's like a bride it has been a great having on the show thanks very much brian class author of the despots apprentice donald trump's attack on democracy heather standby we'll be right back and talk about trump's attempted takeover of a government agency support for freak out in carryon comes from ziprecruiter what if hiring could be easier so even when you're busy you can still be smart about how you hire with ziprecruiter you can post your job to over one hundred top job boards with just one click then they're smart technology notifies the most qualified candidates to apply no wonder eighty percent of employers who post on ziprecruiter get a quality candidate through their site in just one day right now you can post jobs on ziprecruiter for free that's right free just go to ziprecruitercomcarryon that's ziprecruitercomcarryon ziprecruiter the smartest way to hire.

campaign manager washington reporter congress donald trump eighty percent one day
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

01:39 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Famous for an airtight case that implicates not only the president but all of his minions what rana's called the mob rule there in the white house and he's got him dead to rights and trump just says no and congress the house and the senate say we don't care i mean is it possible that at that point the american people simply do what it seems that the prison setting them up to do say oh this is fake news this is a set up by some deep state of obama holdovers and this doesn't matter to us we'd rather go down the road with authoritarian ism so long as it means we can can hurt our enemies yeah that's a very scary scenario you of you lay out some in your i think the problem is that there is a very realistic possibility were muller has to speak in probability's where he doesn't necessarily have a smoking gun tape but produced the report of the type that many times you see from the government of we have high confidence that there was a high probability of collusion with the russian government's or a legal activity that is possible that that that that could be as far as they get with trump and if that happens then the situation becomes much more problematic because we have seen time and time again republicans in congress who have professed certain values or principles related to democracy rolling over on those upon fear of retaliation from their base and that is something that is a realistic possibility it scares me but one of the things that i think we always have to keep in mind with this is richard nixon was saying up until five days before he resigned that he was not a target of the investigation than the smoking gun tape came out and.

president rana white house senate muller russian government congress richard nixon obama five days
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:02 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Okay so i'm with you i'm i'm very concerned as well but lemme try and be the devil's advocate here and suggest that you know america certainly been in situations like this before look at than third nineteen teens and world war one when we were actively purging germans from american society and actively quite actively lynching african americans and mexicanamericans and quite literally hunting mexicanamericans and indians in the west it seemed that in many ways like leonid that america would never regained its footing again and yet it did is it unrealistic to think that we could get out of this and if so is there something that regular citizens can do to retain their a their understanding of what a liberal democracy is supposed to look like the optimism you're so you're so rightly looking for is in via scenario i call the trump vecsey in other words he so ineffectual and so impulsive ends reckless that he may end up creating enough of it back rushed to him that the system shores itself up before he can completely corroded and that's the optimistic scenario that requires citizens to band together across party lines and to say that look we disagree on taxes we disagree on healthcare but we agree on the value of the press we agree on the value of democratic ethics and if that happens then there actually is a positive outcome where you could have greater civic engagement a call for more civic education higher voter turnout at cetera and i and i think that's really the way that you save american democracy from trump is it's not rocket science is just getting involved and that democrats or republicans can find common ground and stuff that trump is violating in total opposition to norms on both sides of the aisle rahamim john mccain a cigarette noon or be brian you know look i mean a a hear you and of course we're all looking for the that pathway to sunlight that people will respond and react but but precisely what we've all been watching over the last year is the opposite.

world war african americans america trump john mccain brian
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:02 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Things like the national security adviser was a paid foreign agent that the russians were actively hacking our democracy that that includes at this point the president members of the white house including the president's family probably the vice president members of congress i mean at some point this seems to me to be so enormous an attack on american democracy it simply impossible for people to get their heads around it seems like a tinfoil hat conspiracy kinda like you know the sex ring out of the bottom the pizza parlor is is this a legitimate concern about the way we're reacting to this things that used to shock us don't shuckers i think most people probably remember the first time trump called news fake or the irb called them the adam you people or outrage they were when you've lanka trump was appointed as a senior advisory bush's unqualified or when he started to demonize minorities or when he tried to say to jail as opponents were pardoned jor pale the list goes on and on and on and one of the things that i've seen about a lot is how liberal democracy one of the things that gives citizens is the ability to not pay attention to politics which is totally different from a fortune regimes were both you're so precarious and the the the sort of regime wants you to always be thinking about it and that's what we've lost you can't go a day without thinking about politics is trump outrages us but the cost of that is that the guard rails of democracy require us to be shocked when they're violated and now it's a daily occurrence so you know th the democratic norms that are sort of the glue or the or the guard rails that keep the system intact and an operating those being violated ideally basis mean that they're losing their munim i am extremely worried about the longterm damage not just because of what trump is doing but of how he's coroding the system and how about a third of americans are not just okay with this but are cheering this type of authoritarian asked behavior and expecting it of the leader okay so.

president bush jor vice president congress
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:02 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"A up or of obstruction of justice i mean i think the astonishing thing about this entire saga is that we when we think about scandals in american history like watergate it seems more insidious to us when things are done in secret when when they're sort of done out of the eye of the public but there are so many things that trump has done in public view that should be disqualified i mean you go back to the campaign last year where he specifically invited russia to hack hillary clinton's emails on tv russia if you're listening i hope you are able to find the thirty thousand emails that are missing but more to the point of the obstruction question he specifically told lester holt in a televised interview that the reason he fire james comey was because of the russia investigation and in fact when i decided to just do it i said to myself i said you know this rusher thing with trump and russia is a made up story it's an excuse and you know in my work where i study it's worth rain regimes a very close parallel actually exist in turkey the country that michael flynn was working for we're president urged one was facing a corruption investigation so he fired four prosecutors and started purging people in the g m in the justice system and lo and behold the justice investigation went away and that's exactly why we can't allow this to become normal because it creates and impunity within democracy for people who are in positions of power what i am seeing that i'm really worried about is this idea that rule of law is heavily politicized under the trump administration and that if that happens and we allow it to continue is not the type of thing that goes way when trump leaves office that's the type of thing that takes years or decades to repair most of the things that are coming out of the trump administration would be administration defining events for any other moment in american history and here's here sometimes were hit with three and four of them in a day but that raises another question for me that as ice wonder about as i look around and that is that when we say.

russia hillary clinton lester holt james comey president trump obstruction of justice michael flynn
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:03 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Russians about a quidproquo about releasing russian sanctions flint would know about them but the second aspect which may be almost more problematic is that remember that wind trump famously talked to james comey shortly after taking office colmey later testified that he said i hope you can find a way to let this matter go in other words he told communist stop investigating flynn an assumption that gets much more serious when you realise how severe the allegations against flynn were because that would be trump trying to shut down a department of justice investigation of an fbi investigation into an alleged plot to get paid millions of dollars to kidnap somebody on american soil which is severe cry drew a bright wind forests brian as to why it is illegal during the campaign to be consorting with a foreign government in particular ways in the fashion alleged in this instance so there are multiple layers of criminal liability and exposure here the simplest one that is almost certainly flynn is guilty of is nondisclosure so if you're in any way of foreign agent and you're requested to disclose contacts were ties or money receive you required to do that and flynn did not and beyond that you also have the fact is simply a kidnapping plot whether you're involved in politics are not is illegal but it's also just out of bounds in democratic practice right i mean you just couldn't make up this idea that you've you've put somebody who's a compromise unregistered foreign agent as the head of the national security council i mean it's just an absurd thing to have happened that there are so many layers at which this story should be disqualifying and that's before you even get into the criminal liability of which there is is much so i want to get into that because you've written some great staff on that lately but can you go back and follow the other half of ron's question and that was you've talk now about why collusion is not a good thing isn't there also the problem of.

flint flynn ron james comey shut down fbi kidnapping
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

01:37 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"And that's where the the the alarm bells should really be going off in the trump administration and there's also deep irony to it because flynn was the guy who last summer led chants of lock her up we do not need a reckless president who believes she is above the law marker road as right that's right locker room a mouth he is facing the very real prospect of being locked up in less he ends up being a cooperating witness against the president of the united states that you may actually have a situation where you've got flynn deciding what happens are not with his son awhile trump decides what happens were not with his son in law may be the blood versus marriage will be an issue here brian can't go back and ask you a question on this style you've set up new you know a defect that flynn enough lock her up thing is always is great because you know this administration is famous for its projection but what you've done here issued set up the charges against flynn but explain to us how those implicate or might implicate at this point the only person above flynn is donald trump and why there is a situation where trump needs to be worried that flynn might flip on him great question so there's sort of two angles to this one is that flynn would have known what the campaign was up to because he was a senior surrogate and he was also aware of national security matters during the administration so if there was any sort of.

flynn president united states brian donald trump
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

02:02 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"He is the indictments of former campaign manager paul manafort and former campaign aides rick gates and george puppet up liz news that made the public snap around at the end of october and and those seemed to be the moments where said okay now i see it but now we are at a next step what's happened between now and then and what does this mean well it's a major development because there is a few things that are different about flynn from the other people who have been involved in the investigation one that's really important is that flynn became part of trump's administration so he was his national security adviser for 24 days in january the other thing that's really important here is that the allegations against flynn are extremely serious and extremely legal so the wall street journal has reported that one of the allegations is that flynn as an unregistered foreign agent which we know that was true he definitely was an unregistered foreign agent in the time running up to be national security adviser which is in itself a problem he also was allegedly in communication with the turkish government trying to arrange a quid pro quo in which he may receive up to fifteen million dollars to arrange for the kidnapping of gulu in a person who is very much in the ire of the turkish governments and sort of the archnemesis of president irwan in turkey a despot in turkey that accusation has extreme criminal liability associated with it but also the more general accusations against flynn relate to his work with the flynn intel group is private consulting firm in which he basically sold influence and his son was involved in that so now you have a situation in which moeller is able to create criminal liability on exposure not just for flynn but also for somebody very important flip and that means that he may be in a situation where he has to choose between himself his son and donald trump.

paul manafort flynn wall street journal turkish government kidnapping turkey flynn intel group moeller donald trump campaign manager rick gates george liz president fifteen million dollars 24 days
"consumer financial protection bureau" Discussed on Freak Out and Carry On

Freak Out and Carry On

01:45 min | 3 years ago

"consumer financial protection bureau" Discussed on Freak Out and Carry On

"Freak out and carryon is sponsored by ziprecruiter looking for a smarter way to hire great candidates with ziprecruiter eighty percent of employers who post a job get a quality candidate through the site in just one day try it for free at ziprecruitercom carryon that ziprecruitercomcarryon it's the latest chapter in the russia probe into the investigation into michael flynn does general flynn along the way as he made the moves at least of someone who was taking steps toward cooperating is it is the whole russian collusion thing about to come crumbling down on michael flynn and this white house michael flynn general flynn is a wonderful man who's been treated very very unfairly by the media this is freak out in carryon i'm ron suskind and i'm heather cox richardson so hither i don't know what you were doing on thanksgiving but here i'm finishing up my turkey i'm seeing past the cranberry sauce and i get news on my phone that there is new evidence that michael flynn trump's former national security advisor eased probably working with special cancer bob muller this is a huge turn lots of news is hitting us at once but this is in a different category there's is quite a bit more moeller investigating senior aide and soninlaw jared kushner and his interactions with foreign leaders during the presidential transition uh moeller is closing in this is this is a model of prosecution is familiar to anyone who's walked prosecutors do their job but the key actor michael flynn and he he is at the very top of this.

michael flynn ron suskind heather cox richardson michael flynn trump advisor bob muller moeller russia thanksgiving jared kushner eighty percent one day
"consumer financial protection bureau" Discussed on WGN Radio

WGN Radio

02:07 min | 3 years ago

"consumer financial protection bureau" Discussed on WGN Radio

"The wgc an associate of ink market deaths this morning futures are pointing toward opening losses on wall street jobs you his off now 11 points the nasdaq and sp futures are also lower around the globe futures in stocks generally in asia are lower the hang sang is up just a little bit though thirty seven points the hang sang and the shanghai are lower the hang sang by about a quarter in in europe markets are generally higher this morning the footsie's up just about a tenth of a percent the dax is up about a third the cac is up about a half a percent in terms of commodities this morning gold and silver trading a little bit lower crude oils at fifty twenty nine apparel which is up almost two percent and a half a couple of stores were watching for you this morning some the developments since you went to bed probably last night the consumer financial protection bureau says it could find a wells fargo in excess of ten billion dollars for a legal sales practices but instead settled for one hundred million dollars we're getting a clear or looker and what happened there but thanks to internal documents that were released by members of congress this week the cfpb also had evidence that the bank sales problems went back to at least two thousand six far earlier than what wells fargo originally admitted to documents were released as part of a report by the staff of the house financial all services committee probably heard this story yesterday the mayor of chicago says the city is taking nominations for potential sites to locate amazon second headquarters year amazon earlier this month announced that its hunting for a second home outside of seattle comey says it will spend more than five billion dollars and houses many as fifty thousand employees the mayor yesterday said that the cities looking for partners to help determine what sites would be the best you heard in the opening montage the federal reserve chair janet yellen yesterday during her news conference leaving interest rates along they're going to start unwinding the balance sheet they also us suggesting that there could be another rate hike later this year as a matter of fact interest rate futures are now pricing in.

asia congress cfpb the house chicago comey janet yellen interest rates nasdaq europe amazon seattle one hundred million dollars five billion dollars ten billion dollars two percent