Obama To Discuss Inequality With Pope Francis In March

[ProSense]

87. Well,

"When you look at the failures of NAFTA, if Obama doesn't get his Global economic strategy straightened out, then using a Pope who is attracting the attention of the people for saying the right things, is to co-opt him and his message."

...that's obvious, not wanting Obama to "co-opt" the Pope's message. I mean, it's not like Obama has a record to stand on.

Elizabeth Warren:
There is no question that Dodd-Frank was a strong bill—the strongest in three generations. http://www.warren.senate.gov/files/documents/AFR%20Roosevelt%20Institute%20Speech%202013-11-12.pdf

Elizabeth Warren: Cordray Vote ‘A Historic Day For Working Families’

Sen. Elizabeth Warren (D-MA) took to Twitter on Tuesday in praise of the Senate's vote to advance Richard Cordray's nomination to the Consumer Financial Protection Bureau, calling it a "historic day for working families."

Elizabeth Warren ? @elizabethforma

I couldn't be more pleased that Rich Cordray will finally get the vote that he deserves. This is a historic day for working families!
1:11 PM - 16 Jul 2013

47 Retweets 26 favorites

http://livewire.talkingpointsmemo.com/entry/elizabeth-warren-cordray-vote-historic-day-for-working

The Consumer Financial Protection Bureau gets busy
http://www.democraticunderground.com/10023372682

SEC Will Require Companies To Report CEO-To-Worker Pay Ratios
http://www.democraticunderground.com/10023694931

Regulators Finalize Stricter Volcker Rule - Reuters/HuffPo
http://www.democraticunderground.com/10024158305

NLRB to Prosecute Wal-Mart For Violating Workers’ Rights (updated)
http://www.democraticunderground.com/10024053560

Ally Bank To Pay $98 Million For Charging Higher Interest To Non-White Borrowers
http://www.democraticunderground.com/10024208931

U.S. orders mortgage servicer Ocwen to help borrowers with $2 billion

By Emily Stephenson

(Reuters) - U.S. officials on Thursday ordered the largest nonbank mortgage servicer to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct that led to thousands of people losing their homes.

Ocwen Financial Corp must reduce loan balances for struggling homeowners and refund $125 million to foreclosed borrowers under an agreement with the U.S. Consumer Financial Protection Bureau and officials from 49 states and the District of Columbia.

Ocwen failed to account for borrowers' payments, gave false reasons for denying loan modifications and robo-signed legal documents, the consumer bureau said.

In many cases, after Ocwen began servicing loans, it did not respect trial modifications that had already been agreed to by the lenders, consumer bureau Director Richard Cordray said.

- more -

http://www.reuters.com/article/2013/12/19/us-financial-regulation-ocwen-idUSBRE9BI0ZT20131219

Sen. Warren Praises New CFPB Mortgage Rules that Make Families, Economy Safer

Jan 7, 2014

Video of Senator Warren’s Remarks Available Here

Text of Senator Warren’s Remarks Available Here

WASHINGTON, DC – In remarks delivered on the floor of the Senate this afternoon, United States Senator Elizabeth Warren applauded the Consumer Financial Protection Bureau’s (CFPB) new mortgage rules, which will go into effect on Friday, January 10.

Under the new rules, a lender must determine that a borrower has the ability to repay a mortgage before issuing the loan. The rules will also prohibit brokers from being paid by lenders to steer customers into higher-cost loans and strengthen the mortgage market by improving mortgage servicing practices.

"Thanks to the consumer agency's new rules, families will be safer, pension funds and other investors will be safer, and our whole economy will be safer," Senator Warren said in her remarks. "And the rules will reshape the mortgage market for the better. They will give people a better chance to buy homes and a better chance to keep those homes, and they will force mortgage lenders and servicers to compete by offering better rates and customer service, not by tricking and trapping people. These rules will help markets work better, and they will reduce the risk that the economy will crash again."

Senator Warren highlighted the success the CFPB already has had helping consumers, including returning more than $3 billion to consumers who were cheated and resolving tens of thousands of complaints against financial institutions. The new mortgage rules will affect millions of families who own or plan to purchase a home.

"The consumer bureau's new mortgage rules show once again that government can fix problems," said Senator Warren. "Sure, we have to work hard, we have to fight against those who benefit from the broken system, and we have to stick with it even when the odds are against us. But when we do those things, real change is possible in this country. We're seeing that up close this week."

For more information about the new mortgage rules, a fact sheet is available at the CFPB's website here.

http://www.warren.senate.gov/?p=press_release&id=309

Pres. Obama to provide minimum wage, overtime protections for nearly 2 million in-home care workers
http://www.democraticunderground.com/100222439

Medicaid Expansion Has Already Cut The Number Of Uninsured West Virginians By A Third
http://www.democraticunderground.com/10024366112

I mean, who is he to "co-opt" the Pope's message?