90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The Consumer Financial Protection Bureau Under Attack

With Bob Oakes in for Tom Ashbrook.

The Consumer Financial Protection Bureau under attack.  We’re looking at who’s attacking what, and why.

From right to left, Sen. Jack Reed, D-R.I., Sen. Elizabeth Warren, D-Mass., and Sen. Sherrod Brown, D-Ohio, finish a news conference at the Capitol in Washington, Thursday, Feb. 14, 2013. The senators urged Republicans to lift their opposition to President Barack Obama's choice to lead the federal Consumer Financial Protection Bureau, Richard Cordray, who was a recess appointment. (AP)

From right to left, Sen. Jack Reed, D-R.I., Sen. Elizabeth Warren, D-Mass., and Sen. Sherrod Brown, D-Ohio, finish a news conference at the Capitol in Washington, Thursday, Feb. 14, 2013. The senators urged Republicans to lift their opposition to President Barack Obama’s choice to lead the federal Consumer Financial Protection Bureau, Richard Cordray, who was a recess appointment. (AP)

The mortgage meltdown had few happy endings. But to many there seemed to be one silver lining. A new agency created to look out for us. To make sure next time we wouldn’t be thrown under the bus.

But from the start, the Consumer Financial Protection Bureau had fierce pushback. Especially from banks worried about heavy handed regulations.

Now the attacks, and counterattacks, are heating up. In the Senate. In court. From consumer advocates. From defenders of free markets. And each side is digging in.

This hour, On Point: the heated battle over the future of the Consumer Finance Protection Bureau.

- Bob Oakes

Guests

Danielle Douglas, financial reporter for the Washington Post. (@danidougpost)

Ed Mierzwinski, federal consumer program director for U.S. PIRG, a consumer advocacy group. (@edmpirg)

Diane Katz, research fellow in regulatory policy at The Heritage Foundation.

From Tom’s Reading List

The Hill “The standoff over the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau (CFPB) reached new heights Thursday, after nearly every Senate Democrat rejected outright GOP demands for changes to the new agency.”

Bloomberg News “Elizabeth Warren called on her Senate colleagues to end their effort to block a vote on President Barack Obama’s nomination of Richard Cordray to head the U.S. Consumer Financial Protection Bureau.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Apr 1, 2015
In this Dec. 19, 2014 file photo, oil pump jacks work in unison, in Williston, N.D. The number of drill rigs in western North Dakota's oil patch has slipped to a five-year low with the falling price of oil.  (AP)

American energy production at a time of low oil prices. Oil, gas, wind, solar. And what the changed oil price landscape means.

Apr 1, 2015
Characters and logo from BabyFirstTV , a television and digital entertainment group specifically targeting infants and babies younger than two years old. (BabyFirstTV / Facebook)

TV and screen time for babies. Toddlers. It’s so tempting. So available. But is it a good idea?

RECENT
SHOWS
Mar 31, 2015
Jazz icon Billie Holiday performs in New York City's Club Downbeat in February 1947.  (Library of Congress / Creative Commons)

A meditation on the life and music of Billie Holiday. The lady who sang the blues.

 
Mar 31, 2015
Some of the hundreds of people who gathered outside the Indiana Statehouse on Saturday, March 28, 2015, for a rally against legislation signed Thursday by Gov. Mike Pence stand on the Statehouse's south steps during the 2-hour-long rally. (AP)

Indiana’s controversial Religious Freedom Restoration Act. Critics call it anti-gay. Business leaders say bad for the economy. The governor’s not backing down. We’ll dive in.

On Point Blog
On Point Blog
Our Week In The Web: March 27, 2015
Friday, Mar 27, 2015

More on the incessant email debate, plus some goats living their best lives and the sad allure of Manhattan’s shuttered Pommes Frites.

More »
3 Comments
 
Mobile Payments Offer Convenience If You Keep Your Email Safe
Thursday, Mar 26, 2015

Thinking about moving your wallet to your phone? You can! And maybe you should? But TechCrunch senior writer Josh Constine has a few things to tell you before you do.

More »
1 Comment
 
Using Technology To Get Your Kids Outside
Thursday, Mar 26, 2015

The latest and greatest — using apps to make natural exploration more fun for your kids.

More »
Comment