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Daily Archives: October 25, 2009

Financial Services Committee Approves Creation of Consumer Financial Protection Agency

CQ Staff: “The House Financial Services Committee approved creation of a Consumer Financial Protection Agency (CFPA), marking a big win for many Democrats and consumer advocates. The measure (HR 3126) — a central piece of the Obama administration’s financial overhaul plan — would create a new federal regulator with broad powers to police large swaths of the economy, including credit cards, home mortgages and pay-day lenders. Support for the new agency has grown after hundreds of thousands of subprime borrowers lost their homes, triggering one of the worst recessions in decades.”

  • Summary of HR 3126
  • Related postings on financial system
  • Where the Jobs Are 2009: Mission-Critical Opportunities for America

    Partnership for Public Service Report: “Where the Jobs Are is the only comprehensive projection of hiring needs for critical occupations in the federal government. This edition is the third in an ongoing series produced by the Partnership for Public Service, covering fiscal years 2010 through 2012, and updating information in the 2005 and 2007 reports.” Continue Reading

    Union of Concerned Scientists – Nuclear Power: A Resurgence We Can't Afford

    “Nuclear power could play a role in reducing global warming emissions because reactors emit almost no carbon while they operate and can have low life-cycle emissions. Partly for that reason, advocates are calling for a nationwide investment in at least 100 new nuclear reactors, backed by greatly expanded federal loan guarantees. However, the industry must… Continue Reading