With Obama Appointment, Jeopardy Champ Takes On Payday Lenders

Wednesday, January 4, 2012 With Obama Appointment, Jeopardy Champ Takes On Payday Lenders The new government agency tasked with looking after the best financial interests of ordinary consumers finally has a leader. President Barack Obama defied Republican congressional opposition and used a recess appointment to install his nominee, former Ohio Attorney General Richard Cordray, as the top watchdog at the Consumer Financial Protection Bureau. Kodak Prepares To File For Bankruptcy Fed Report: Foreclosure Not Best Solution To Housing Crisis Government's 'Good News' For Defrauded Homeowners Questioned Credit Card Interest Rates Hit Record Highs As Companies Get Aggressive BLOG POSTS Richard Cordray: Standing Up for Consumers Today, I was appointed by President Obama to serve as the first Director of the Consumer Financial Protection Bureau. I am honored by this opportunity to continue my work on behalf of consumers. And I am energized by the responsibilities and challenges facing the Bureau. Jared Bernstein: Trickle-Up Economics It is clear that the increase in capital gains plays a large role in driving inequality trends, and, if we taxed such gains as regular income, that would help to reduce inequality. So, can one argue on the one hand that tax policy is inherently limited as a tool against rising inequality, and on the other, that we should employ tax policy to push back on inequality? I could invoke Walt Whitman -- "Do I contradict myself? Very well, then I contradict myself, I am large, I contain multitudes" -- and leave it at that. But better yet, let me explain. In reality, the evidence shows that increased inequality is a pretax story. Rana Florida: Creative Spaces: The Need for Space Outside the Office Most corporate jobs -- to put it mildly -- are profoundly uninspiring. We've moved from an agricultural society to one that was industrial, then knowledge-based, and now, creative. But the majority of our employers and working environments have yet to adapt. Judith Samuelson: Reducing Consumption in 2012 -- An Inconvenient but Necessary Resolution Our economy however, seems built on a set of habits that would suggest that if we all commit to the same resolution of buying less, the layoffs will only get worse. Welcome to the quandary of sustainable consumption. Ebong Eka: The Payroll Tax Cut Extension: How It Affects The Average American Americans are basically moving money from their left pocket to their right pocket... with Congress as the conduit.

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