HUD Secretary Shaun Donovan faced the Senate Banking Committee today, and he said that the foreclosure fraud settlement will shortly be made public.
|By: David Dayen Tuesday February 28, 2012 6:50 pm|
|By: David Dayen Wednesday September 7, 2011 4:07 pm|
He won the praise of a few Senate Republicans. But because they are opposed to the entire concept of the agency, they remained in opposition to Cordray’s confirmation. The 44 Republicans who signed a letter vowing to oppose any nominee for CFPB unless the agency is gutted remain opposed.
|By: David Dayen Friday May 6, 2011 6:40 am|
Shelby tells the White House that NOBODY is confirmable. All things being equal, then, the Warren nomination becomes incredibly attractive. Not to mention the fact that there’s a built-in deadline to get a director up and running by July 21 or else CFPB loses the ability to regulate non-bank financial institutions.
|By: David Dayen Wednesday February 9, 2011 1:25 pm|
It’s completely different to support raising the retirement age, which is mainly a benefit cut and an attack on workers in menial labor jobs who cannot hold out the way someone sitting at a desk can, than it is to “consider all options, including raising the age,” according to Hoyer. I’m not sure it’s so different, really.
|By: emptywheel Tuesday November 16, 2010 2:21 pm|
Liveblogging of the Senate Banking Committee hearing on foreclosure fraud continues. Senator Richard Shelby was actually pretty good, but then Sens. Mike Johanns and Bob Bennett went to some length to try to pretend the banksters weren’t doing what they were doing.
|By: David Dayen Tuesday November 16, 2010 12:35 pm|
This hearing is the latest example of national policymakers getting involved in the foreclosure fraud issue. The Congressional Oversight Panel warning of the enormous risk from the failures of servicers was the first report of its kind at the federal level to take full measure of the situation, and this is the first Congressional hearing. Senators on the Democratic side like Jeff Merkley and Sherrod Brown are sure to press the bank representatives aggressively on why foreclosure mitigation programs have failed, and why they used false documents to evict people from their homes. The ranking member on the Republican side, Richard Shelby, wants to investigate failures at the major loan servicers.
|By: emptywheel Friday November 12, 2010 12:45 pm|
Let me make a rare statement: I agree with just about everything Sen. Richard Shelby (R-AL) said in his call for an investigation of mortgage servicers. But Shelby’s choice of targets sure does bear watching.
|By: David Dayen Friday August 6, 2010 7:06 am|
There’s really nothing that can be done to improve the rules of the world’s most deliberative body, Senator Dodd?
|By: David Dayen Wednesday May 5, 2010 2:10 pm|
Chris Dodd just said on the floor that “it is my hope” that nobody will filibuster amendments, and that they’ll get an up or down vote. In other words, the agreement reached was not to have artificial 60-vote thresholds, but it’s entirely possible that an individual Senator will filibuster a specific amendment.
|By: David Dayen Wednesday April 28, 2010 1:11 pm|
Multiple outlets are reporting a deal on moving the Wall Street reform bill to the floor.