To the Point
Consumer Financial Protection Bureau: Hero or Goat?
Americans have lost confidence in banks and credit card companies. Is government protection against predatory lending the answer? Will the CFPB make things better or worse?
By Warren Olney • • 50m ListenAmericans have lost confidence in banks and credit card companies. Is government protection against predatory lending the answer? As the new Consumer Financial Protection Bureau takes its first major action, will it make things better or worse? Also, the UN Security Council fails to act on Syria, and the National Guard's sponsorship of NASCAR racer Dale Earnhardt, Jr. has barely survived Congressional budget cutters. But the Army has dropped the Stewart-Haas team. What's sacred and what's not?
In this episode
3 storiesSecurity Council Fails to Act on Syria
One day after Syrian rebels killed top aides to President Assad in the heart of Damascus, Security Council members China and Russia have vetoed a resolution extending the UN Observer Mission.
Read the story7 minDo Consumers Need Protection from Their Banks?
Yesterday, the Consumer Financial Protection Bureau took its first major enforcement action since it began operating a year ago. It ordered Capital One Bank to refund about $150 million dollars to two million credit card customers.
Read the story37 minYou'll Still See Military Branding on NASCAR Cars
Congressional budget cutters are sharpening their pencils, even when it comes to defense. The National Guard's sponsorship of NASCAR racer Dale Earnhardt, Jr. has barely survived – the vote in Congress was 216 to 212 -- but the Army is dumping the racing team of Tony Stewart and Ryan Newman.
Read the story6 min
