Tagged: consumer protection

Obama to name Warren to new post

President Obama will name Elizabeth Warren as a White House advisor to oversee creation of the new Consumer Financial Protection Bureau. Law professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, expresses his opinion on the appointment. “It is regrettable that President Obama has chosen to launch the new Consumer Financial Protection […]

Financial reform update

Major components of financial-reform legislation are  taking shape, with the Obama administration relaxing its insistance on a stand-alone consumer protection agency and the “Volker Rule” allowing regulators to bar banks from risky investments losing support.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, said cutting the “Volker Rule” is a loss. […]

Possible new consumer watchdog agency

Reports say the Obama administration is considering creating a new regulatory agency to protect consumers of a wide variety of financial products ranging from mortgages to hedge funds.  School of Law Professor Cornelius Hurley, a proponent of regulatory streamlining who directs the Morin Center for Banking and Financial Law, can comment on the implications.  Meantime, […]