Business for Shared Prosperity

Marketplace, March 10, 2010

The House passed its reform bill in December, but the Senate's version has been delayed for several weeks as senators haggle over what may or may not be in it. John Dimsdale reports.

TEXT OF STORY

By Ryan McCarthy
Huffington Post, 3/10/10

The opponents of the Obama administration's proposed Consumer Financial Protection Agency apparently have very little competition in the Google AdWords space.

By Jackie Nash, Daily Reporter Staff Writer
Daily Court Reporter, March 9, 2010

Business organizations and interested parties statewide are backing national efforts encouraging U.S. senators to help bolster businesses and consumers by creating a Consumer Financial Protection Agency.

Discussions about establishing the CFPA have been in the works since last year when President Barack Obama first proposed the agency's creation.

Op-Ed By Lya Sorano
The Hill, 3/4/10

Over the past year, financial institutions have put extraordinary pressure on small businesses. They have slashed lines of credit, increased interest rates even for customers that always pay on time, and mailed out more and more reams of incomprehensible fine print that even good lawyers can’t understand.

By Carol Tice
Entrepreneur, March 2, 2010

Scratch Pad with Scott Jagow
Marketplace, March 2, 2010

It appears Senators are close to a deal on financial regulatory reform. But as I reported yesterday, this deal would put the Consumer Financial Protection Agency in the hands of the Federal Reserve’s bank regulators instead of making it a stand-alone agency. The question now is: Will the president and others fight for an independent CFPA?

By: David Dayen
Firedoglake, March 2, 2010

Chris Dodd, currently in the bargaining stage on financial reform, has bargained down the Consumer Financial Protection Agency entirely down to nothing. I mean literally nothing.

The chairman of the Senate banking committee is seeking Democratic support for a Republican proposal to house a new consumer-protection regulator inside the Federal Reserve, a compromise that could clear the way for bipartisan legislation on financial reform, according to sources familiar with the negotiations.

By Julie Mason, White House Correspondent
Washington Examiner, March 2, 2010

The White House may be willing to compromise on creating a new consumer financial protection agency, as lawmakers debate watered-down alternatives to the administration proposal.

President Obama has been pushing to create the Consumer Financial Protection Agency to oversee credit cards and loans, as part of a larger overhaul of financial regulation in the wake of the 2008 banking meltdown.

PRESS RELEASE
Contact: Frank Knapp, The S.C. Small Business Chamber of Commerce, Phone: 803.252.5733, E-mail: Sbchamber [at] scsbc [dot] org

Fixing The Small Business Lending Crisis

Columbia, SC (February 24, 2010) — The South Carolina Small Business Chamber of Commerce has announced its support for three Congressional legislative efforts to help re-energize the small business loan market and protect the small business borrower.

By Sewell Chan
New York Times, Feb 23, 2010

WASHINGTON — The Obama administration continued its push on Tuesday for the creation of a Consumer Financial Protection Agency that could regulate mortgages, auto loans and credit cards. The agency has emerged as the main stumbling block in the Congressional debate over legislation to overhaul financial regulations.