0 minute readUS Senate Democrats welcome a fight with Republicans over a proposed agency aimed at protecting consumers from abusive financial industry practices, a top Senate Democrat said Monday. Sen. Richard Durbin (D., Ill.), the second-ranking Democrat in the Senate, told reporters on a conference call that the GOP alternative to the proposed agency would protect “the most notorious” practices by debt collectors, pay-day lenders and other financial services firms. “If the Republicans want to stand behind those practices of the pay-day loan operations…I welcome the fight,” Durbin said.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Banking, housing finance groups urge Basel III capital rule changes
A broad coalition of banking and housing finance trade groups is urging federal regulators to scale back parts of the proposed Basel III capital rules, arguing that overlapping requirements and elevated risk weights could unnecessarily restrict lending and economic growth.
-
California settlement forces MV Realty to void homeowner contracts
-
Exclusive: House Democrat reintroduces bill targeting mortgage credit access
-
8 best Florida real estate schools for 2026
-
How consumers are using AI and the impact on the role of the real estate agent
-
AI mortgage broker Ralo launches, raises $2.9M seed round
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
