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U.S. regulators moving cautiously on mortgage reforms

WASHINGTON (Reuters) - U.S. bank regulators, wary of upsetting the fragile housing market, are moving cautiously in fashioning dozens of new rules to prevent reckless underwriting and other mortgage market abuses. Full story

Senate Confirms Richard Cordray to Lead U.S. Consumer Protection Agency

After a two-year standoff, lawmakers vote to formally install the former Ohio Attorney General at the helm of the Consumer Financial Protection Bureau. Full story

Obama commends work of consumer protection agency

President Barack Obama is commending the work of a consumer protection agency created after the economic crisis. Full story

Finally the banks have a watchdog

   The Senate has confirmed a director for the Consumer Financial Protection Bureau, Richard Cordray. The panel examines why this is one of the most important financial reforms since the New Deal.

News Summary: Obama hails OK of consumer director

CONFIRMATION: President Barack Obama on Wednesday hailed Richard Cordray's long-awaited confirmation as head of the Consumer Financial Protection Bureau. Full story

All In agenda: Nuclear option narrowly avoided in the Senate

The Senate reached a last-minute bipartisan deal Tuesday to avoid using the “nuclear option” to change filibuster rules. Full story

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Articles

Majority of Senate votes to confirm consumer bureau leader

U.S. Bank, partner to refund $6.5 million over auto lending

Rising U.S. college costs get scant attention in loan rate debate

Senate to hold vote on consumer watchdog director next week

U.S. brings charges in first criminal case for consumer agency

Consumer bureau calls payday loans a trap, warns of new rules

Financial advisers' credentials mislead seniors, watchdog says

Mortgage insurers, regulator settle over alleged kickbacks

Justice Department probing banks' role in fraud by customers

SEC nominee White says her legal work no barrier to job

Video

  Elizabeth Warren fights to rewrite a wrong

Republican Senator John McCain's years-long fight to re-instate the Glass-Steagall banking law has picked up a powerful new ally in Democratic Senator Elizabeth Warren. MSNBC's Lawrence O'Donnell looks at how Senator Warren could bring back one of FDR's signature achievements.

  Sen. Warren celebrates victory in CFPB confirmation

Richard Cordray was finally confirmed Tuesday as the head of the Consumer Financial Protection Bureau. Senator Elizabeth Warren tells Chris Hayes what this means for Too Big To Fail banks.

  Concerns Over Bank Overdrafts

The average "overdrafter" spends $225 in annual fees, according to the Consumer Financial Protection Bureau, reports CNBC's Kayla Tausche. Richard Hunt, Consumer Bankers Association, and Susan Weinstock, Pew Charitable Trusts, discuss.

  The second half of the battle for effective regulation

Alexis Goldstein , member of Occupy Wall Street and former vice president at Merrill Lynch, former Republican Congressman Bob Ney, former Deputy Director of the Consumer Financial Protection Bureau Raj Date, and the Center for Community Change’s Deepak Bhargava go into the details of the rule-making

  How Hillary could help expand internet access in developing countries

Bloomberg Businessweek's Elizabeth Dwoskin joins Morning Joe to discuss outgoing Secretary of State Hillary Clinton and the Alliance for Affordable Internet, which is a new public-private initiative that would expand internet access in developing countries.

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Related Photos

U.S. President Barack Obama speaks while next to the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington
U.S. President Barack Obama speaks while next to the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington

U.S. President Barack Obama speaks while next to the new Director of the Consumer Financial Protection Bureau Richard Cordray in the State Dining Room at the White House in Washington July 17, 2013. The U.S. Senate on Tuesday confirmed Cordray as director of the Consumer Financial Protection Bureau

U.S. President Barack Obama listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray speak in Washington
U.S. President Barack Obama listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray speak in Washington

U.S. President Barack Obama listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray speak in the State Dining Room at the White House in Washington July 17, 2013. The U.S. Senate on Tuesday confirmed Cordray as director of the Consumer Financial Protection Bureau, en

U.S. President Barack Obama listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington
U.S. President Barack Obama listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington

U.S. President Barack Obama listens to the new Director of the Consumer Financial Protection Bureau Richard Cordray in the State Dining Room at the White House in Washington July 17, 2013. The U.S. Senate on Tuesday confirmed Cordray as director of the Consumer Financial Protection Bureau, ending a

U.S. President Barack Obama looks at the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington
U.S. President Barack Obama looks at the new Director of the Consumer Financial Protection Bureau Richard Cordray in Washington

U.S. President Barack Obama looks at the new Director of the Consumer Financial Protection Bureau Richard Cordray in the State Dining Room at the White House in Washington July 17, 2013. The U.S. Senate on Tuesday confirmed Cordray as director of the Consumer Financial Protection Bureau, ending a n