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Posts from September 2011

We’re listening

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As we work to ensure a consumer bureau that’s responsive to today’s most pressing problems, we’ve made it a priority to keep one foot firmly planted outside the Beltway. We know that those of us here in Washington will never understand what’s going on in your community better than you do.

That’s why we continue to hold listening sessions across the country. Recently, I talked with community advocates, social service providers, and others in Columbus, Ohio, and Great Falls, Montana. (more…)

Help for struggling military homeowners

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Military families throughout the country are not immune to the ongoing housing crisis. On my travels to military bases, I’ve heard too many distressing stories about servicemembers who are underwater on their mortgage and are faced with military permanent change of station (PCS) orders that require them to relocate at a time when their home is worth less than what they owe.

This problem has forced some military families into the costly and stressful situation of maintaining two households, with the family remaining behind while the servicemember moves alone. Other servicemembers have had to let their homes be foreclosed on. (more…)

The CFPB: Applying the lessons of the financial crisis

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This Thursday afternoon, we’re hosting an event in Philadelphia where Raj Date and local leaders will discuss the lessons learned from the mortgage market meltdown and how those lessons can be applied to the consumer bureau’s work moving forward. The CFPB is the first agency with the primary responsibility of making consumer financial markets work for American consumers, responsible providers, and the economy as a whole.

We want the public to be part of it. (more…)