By Around the Web Sen. Elizabeth Warren (D-Mass.) praised the Consumer Financial Protection Bureau’s new slate of mortgage rules on Tuesday, saying they will curb shady practices aimed at “tricking and trapping people” into unaffordable loans. The rules “will force mortgage lenders and servicers to compete by offering better rates and better customer service,” Warren said on the Senate floor, adding, “Our whole economy will be safer. Not completely safe, but with a new cop on the beat, it will be safer.” The CFPB is Warren’s brainchild. President Barack Obama tapped her to help establish the agency after it……(read more)
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