Financial Reform

UPDATED: Opposition to a controversial provision authored by Citibank forced House leaders to delay consideration of the "CRomnibus" appropriations package just hours before funding for the federal government expired at midnight Thursday. Eventually the bill passed narrowly with the Wall Street provision intact. Action now shifts to the Senate, which has a 48-hour window to pass the bill, but any one Senator can block it under Senate rules. The provision would again allow Wall Street banks to place risky bets with taxpayer-backed funds, and require taxpayers to bail them out if the bets fail, repealing a key protection added in the 2010 Wall Street reform law. 

News Release | NHPIRG | Financial Reform

NHPIRG Joined by Former Chair of NH House Commerce and Consumer Affairs Committee And Americans for Financial Reform CFPB Task Force Coordinator,

The President nominated Rich Cordray, a highly respected former Attorney General from Ohio, to direct the Consumer Financial Protection Bureau, and the nomination requires Congressional approval.  Cordray was endorsed by thirty-seven  Attorneys General in a bi-partisan effort to move this nomination forward, including the Republican AG from his home state of Ohio and our own Michael Delany.

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