| Jul 13, 2011 3:04PM The Chairman of the Federal Reserve today told Congress in his Semiannual Monetary Policy Review that "Households report that they have little confidence in the durability of the recovery and about their own income prospects. Moreover, the ongoing weakness in home values is holding down household wealth and weighing on consumer sentiment." This is not encouraging news for a rapid recovery in America. Ben Bernanke went on to share what the Fed views as looming threats toward positive progress in the... Jul 13, 2011 10:42AM The shape of the new Consumer Financial Protection Bureau (CFPB) began to emerge yesterday as its chief architect Elizabeth Warren, Special Advisor to the Secretary of the Treasury, announced its approach to bank supervision . Under the Dodd-Frank Wall Street Reform Act, the oversight of consumer protection at large banks has been consolidated from seven different regulatory agencies into the CFPB. The examination program, which will begin on July 21, will include 111 depository institutions each...
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