WASHINGTON — Senator Elizabeth Warren of Massachusetts joined two other members of the Senate Banking Committee in calling for Republican lawmakers to vote on confirming the appointed director of the Consumer Financial Protection Bureau.
The agency, the Warren brainchild created in 2010 to regulate financial services such as mortgage lending, has been controversial on Capitol Hill. GOP senators have pledged to block the confirmation of Richard Cordray, director of the body, until the agency is overhauled.
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Oh be still my heart. . . such a major and praiseworthy surprise . . . Granny Warren urges the Senate to vote pro or con the proposed chief of the pipedream agency Granny thought up all by her very own Harvardian self. The Glob suggests that Granny has managed to round up all the Demos in the Senate to vote like she wants them to, and that it is only Republicans who dare to think other than that Granny is correct. Oh my. . .
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But on a Micro level, Many qualified & current borrowers still can't get mortgages or refis. The less than successful government modification programs are laden with onerous disqualifying fine print as well. Alas, the CPB hasn't yet been the advocate for trapped borrowers either.