Posts Tagged ‘protection



02
Oct
12

This, That (and the Other)

OFA

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Today:

2:0: Michelle Obama speaks to grassroots supporters in Cincinnati

9:25: Michelle Obama delivers remarks at a campaign event in Seattle

CBS have the first speech in their schedule, not sure whether the second one will be shown

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Detroit News: General Motors said its September sales rose 1.5 percent to 210,245 vehicles, marking its best September since 2008.

Chrysler Group LLC beat analyst expectations as its September sales rose 12 percent, while Ford Motor Co. sales remained flat in September compared to the same month a year ago.

GM said passenger car sales jumped 29 percent from the same month a year ago, while sales of mini, small and compacts shot up a combined 97 percent.

….. Chrysler reported its best September sales total in five years. The Auburn Hills automaker sold 142,041 vehicles last month; September also marked the 30th consecutive month that Chrysler has experienced year-over-year sales gains.

More here

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CNNMoney: American Express will refund $85 million for what government officials called deceptive practices involving about 250,000 customers.

The Consumer Financial Protection Bureau said Monday that American Express (AXP, Fortune 500) subsidiaries illegally charged late fees, deceived customers by promising non-existent money rewards, and discriminated against new applicants over the age of 35.

“Laws were violated at all stages of the game,” said CFPB director Richard Cordray in a statement …. In addition to refunding customers, American Express will pay a $27.5 million penalty…

More here

Thanks amk

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Quinnipiac: An 18 point lead among women puts President Barack Obama ahead of Gov. Mitt Romney 49 – 45 percent among likely voters nationwide, and voters expect 54 – 28 percent that the president will win the debates, according to a Quinnipiac University national poll released today.

…. “It is very difficult to win an election when you are getting shellacked among women,” said Peter A. Brown, assistant director of Quinnipiac.

More here

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25
Sep
12

Rise and Shine

GottaRegister

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10:45: Vice President Joe Biden delivers remarks at a campaign event in Chesterfield, Virginia

(Don’t forget The View today)

1:25: President Obama departs New York City

2:35: Arrives at the White House

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NYT Editorial: Mitt Romney …. told CBS News’s “60 Minutes” that he is tied with President Obama; he has a “very effective campaign; it’s doing a very good job” …. That’s an outright denial of political reality, but Mr. Romney’s willingness to stray from the truth is at the root of what’s really going on….

To some extent, Mr. Romney’s diminishing stature is because of two recent statements that revealed his deficiencies to a newly interested audience. He falsely suggested that the Obama administration was sympathetic to the violent Muslim protests in Libya and Egypt, illustrating his ignorant and opportunistic critique of foreign policy. And he was caught on video belittling nearly half the country for an overreliance on government handouts.

These moments, though, were not fumbles or gaffes. They were entirely consistent with the dismissive attitude Mr. Romney has routinely shown toward non-Americans or the non-rich….

Mr. Romney is free to pursue this shallow, cavalier campaign for six more weeks, but he shouldn’t be surprised if voters increasingly choose not to pay attention.

Full editorial here

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BBC: America’s sixth-largest credit card issuer has agreed to pay $200m in refunds to settle accusations it misled customers into add-on services.

Discover Bank will also pay a $14m fine, after regulators said it enrolled clients in schemes such as credit monitoring, without consent.

It is the third public enforcement action taken by the Consumer Financial Protection Bureau (CFPB).

More than 3.5 million customers are to receive refunds. About two million of them will be repaid all the charges against them.

More here

Thank you amk

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08
Dec
11

catching up

President Obama speaks during a news conference on Republican obstruction of Richard Cordray’s nomination to head the CFPB, Dec 8

Steve Benen: Two months after the Senate Banking Committee approved Richard Cordray as the new director of the Consumer Financial Protection Bureau, the Senate leadership brought the nomination to the floor this morning. Republicans refused to allow a vote …. It’s hard to overstate how outrageous today’s filibuster really is.

…. It’s all part of the normalization of extortion politics. Traditionally, if the GOP wanted to alter the powers of the CFPB, it would write legislation, send it to committee, bring it to the floor, send it to the other chamber, etc. But that takes time and effort, and might not work. Instead, we see the latest in a series of GOP extortion strategies: Republicans will force Democrats to accept changes to the agency, or Republicans won’t allow the agency to meet its legal mandate…..

More here

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Washington Post

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The President is pre-taping interviews with WISH (Indianapolis, IN), KSNV (Las Vegas, NV), WREG (Memphis, TN) and WCHS (Portland, ME) today

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Steve Benen: We generally look to the first Friday of every month for new unemployment figures from the Bureau of Labor Statistics, but every Thursday morning, the Department of Labor releases a report on initial unemployment claims.

And this morning, the news is very good:

The number of people filing for state unemployment benefits for the first time fell 23,000 to the lowest level since late February, the government said Thursday. The Labor Department said claims fell to a seasonally adjusted 381,000 last week. The level of initial claims in the week ended Nov. 26 was revised up by 2,000 to 404,000.

The consensus expectations were for a slight drop, which makes the sharp drop that much more encouraging…..

More here

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You can never see this enough:

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Steve Benen: Politico has a piece today on Senate Democrats’ outrage over Republican obstructionism, as evidenced by Tuesday’s filibuster of judicial nominee Caitlin Halligan and today’s expected filibuster of CFPB nominee Richard Cordray. As Dems see it, GOP abuses are setting a new standard — which Democrats will take advantage of the next time they’re in the minority.

…. Republicans respond that these current tactics aren’t new, and the Politico article tells readers the GOP argument is sound.

…. This isn’t a subjective question on which the parties are entitled to different opinions. There are objective, often quantifiable, answers to the points Politico and Republicans are raising: are GOP senators “replicating” Democratic tactics? Were Dems abusing Senate rules in the Bush era to the same degree that Republicans are abusing them now?

The answer to both is “no,” and the false equivalence does little to advance the discussion.

More here

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Oh Willard…..

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Steve Benen: Most of the Affordable Care Act won’t take effect for a few years – and if court rulings and the 2012 elections go a certain way, it may not take effect at all – but there’s already evidence that the reform law is working.

It’s making a big difference in providing coverage for young adults; it’s providing treatment options for women like Spike Dolomite Ward; and it’s slowing the growth in Medicare spending.

It’s also, as Jonathan Cohn explained, saving seniors quite a bit of money on prescription medication…..

More here

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Boston Herald

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TPM

:???:

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President Barack Obama and Canadian Prime Minister Stephen Harper arrive to speak in the South Court Auditorium on the White House, Dec. 7

President Barack Obama and Prime Minister Stephen Harper of Canada talk backstage at the South Court Auditorium in the Eisenhower Executive Office Building following their joint press conference, Dec. 7, 2011. (Official White House Photo by Pete Souza)

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Rolling Stone

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TPM: Details of Stephen Colbert’s “South Carolina Serious, Classy Republican Debate” are becoming more clear. Kind of…

“It’s happening, we’re doing it, we’ve set the date in stone, sometime in January,” Colbert said. “It’s going to be on Animal Planet. They haven’t returned my call yet.”

More here (plus video)

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CBS: President Barack Obama will appear on “60 Minutes” in an interview with Steve Kroft to be broadcast Sunday, Dec. 11 at 7 p.m. ET/PT.

Steve Kroft interviewed the president on Tuesday in Kansas after he delivered an economic speech in the small town of Osawatomie. President Obama will talk to Kroft again tomorrow at the White House for Sunday’s report.

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29
Nov
11

afternoon all

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Steve Benen: New Jersey Gov. Chris Christie threw an odd tantrum yesterday, blasting President Obama for the failure of the congressional super-committee …. Part of the problem here is that Christie isn’t quite as smart as he thinks he is, and bombast can only go so far in covering up ignorance.

…. The president has tried every negotiating tactic that exists to get congressional Republicans to work on finding solutions. Obama has tried hands-on talks; he’s tried keeping his distance. The president has tried hard sells and soft sells, directly and indirectly. He’s made private appeals and public appeals. He’s made arguments based on policy, polls, and principles. He’s tried charm offensives, combativeness, and everything in between. He’s made partisan, bipartisan, tripartisan, and nonpartisan arguments, all in the hopes that maybe, just maybe, GOP leaders will be open to good-faith compromise.

And yet, nothing has worked. Nothing …. The New Jersey governor seems to believe a debt deal would come together if Republicans and the president simply sat down for candid conversations. Given that Obama has already tried this repeatedly, without success, anyone who believes such stupidity just hasn’t been paying close enough attention.

Full post here

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President Obama meets with Prime Minister Mark Rutte of the Netherlands in the Oval Office, November 29

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I’m tempted to post this every day for the next year ;-)

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TPM

Crikey, how many more “ooops” before this idiot crawls back to Texas??

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Gen. Lloyd Austin, the top U.S. commander in Iraq, right, looks on as Vice President Joe Biden shake hands with the U.S. Ambassador to Iraq James Jeffrey after he arrived, in Baghdad, Iraq, Nov. 29

WH: Vice President Biden has arrived in Baghdad, Iraq. While there, the Vice President will co-chair a meeting of the U.S.-Iraq Higher Coordinating Committee. He will also meet with Prime Minister Nouri al-Maliki, President Jalal Talabani, Speaker Osama al-Nujaifi, and other political leaders. The Vice President will also participate in, and give remarks at, an event to commemorate the sacrifices and accomplishments of U.S. and Iraqi troops.

More here

 

02
Sep
11

‘the senate refuses to consider obama nominees’

Barney Frank (in the Washington Post): …. The president has nominated Richard Cordray, an able, experienced and thoughtful former state attorney general who has a record of achievement in protecting individuals against financial abuse, to head the Consumer Financial Protection Bureau. And the Republican minority in the Senate has announced that it intends to deny any consideration of the individual …. they will do that by blatantly distorting the Constitution…..

Cordray is just the latest capable, dedicated public servant to fall victim to a Republican mugging …. his record as attorney general of Ohio puts him in a small group of people able to act effectively to deal with the mortgage crisis. No one has raised any questions about his intelligence, integrity or dedication.

Yet his nomination will not even be fairly considered by the full Senate …. They will not confirm anyone until the Senate majority reverses itself to once again put bank regulators in a position to overrule virtually all of the policies that would be set by the consumer agency. The president is being told that the price of having a nominee confirmed is reversing himself on a major policy initiative that has already been enacted.

…. Cordray’s hearing is scheduled for Tuesday, and we’re going to see an extraordinarily qualified administrator of an important consumer protection agency be trashed by the Senate Republican minority because their primary goal is to ensure that financial institutions are not troubled by what they may see as an excessive concern for consumer fairness.

They are now refusing to confirm any recess appointment …. It is the legislative equivalent to an arsonist having set a fire and objecting to a building’s inhabitants using the fire exit.

Full article here

18
Jul
11

‘a big week for the new consumer agency’

Elizabeth Warren: This is a big week for the Consumer Financial Protection Bureau (CFPB). Today, the President will announce his intent to nominate Richard Cordray to serve as its first Director. On Thursday, the CFPB makes its transition from a start-up to a real, live agency with the authority to write rules and to supervise the activities of America’s largest banks.

Rich will be a strong leader for this agency. He has a proven track record of fighting for families during his time as head of the CFPB enforcement division, as Attorney General of Ohio, and throughout his career. He was one of the first senior executives I recruited for the agency, and his hard work and deep commitment make it clear he can make many important contributions in leading it. Rich is smart, he is tough, and he will make a stellar Director. I am very pleased for him and very pleased for the CFPB.

…. Our mission is clear: No one should be tricked in any financial transaction. Prices and risks should be clear. People should be able to make apples-to-apples comparisons. Fine print should be mowed down, not used to hide nasty surprises. And, everyone – even trillion dollar banks – should follow the law…..

More here

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President Barack Obama announces Richard Cordray as his nominee to be the Director of the Consumer Financial Protection Bureau in the Rose Garden, July 18. Obama was joined by Elizabeth Warren, Special Advisor on the Consumer Financial Protection Bureau, and Treasury Secretary Timothy Geithner.

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Ezra Klein: There’s a fair amount of disappointment over the White House’s decision to formally nominate Richard Cordray rather than Elizabeth Warren to lead the Consumer Financial Protection Bureau….

I don’t really understand this. Whoever is nominated to lead the CFPB is going to spend the next year of his life being filibustered by Republicans …. so the question isn’t who you want leading the CFPB for the foreseeable future. It’s who you want spending his or her time being stopped from leading the CFPB for the foreseeable future. And it’s not clear that the answer to that question is “Elizabeth Warren.”

Warren, after all, has another option that she appears to be taking seriously: challenging Scott Brown in the 2012 electionm … if she wants to do that, she can’t spend the next year being blocked from leading the Consumer Financial Protection Bureau…

…. Cordray, a former Ohio attorney general with a great reputation in consumer-protection circles and Warren’s blessing, doesn’t have anything to run for until Ohio’s governorship opens in 2014. By all accounts, he’s a good choice to lead the agency now, if he can somehow get past the Republicans, and spending a few years publicly fighting to protect consumers is unlikely to hurt him back home.

… given the information we have now, it seems like a fairly smart way to deploy the talents and preserve the future options of the various consumer protectors whom Republicans plan to filibuster.

Full post here

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