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Consumer Protection

States Target Payday Lenders

AP | JONATHAN J. COOPER | Posted 05.25.2011 | Business

PHOENIX — When Jeffrey Smith needed some quick cash to pay a medical bill, he turned to a payday loan store near his home outside Phoenix. He e...

Chinese-Made Drywall Ruling

AP | CAIN BURDEAU and MICHAEL KUNZELMAN | Posted 05.25.2011 | Green

NEW ORLEANS — A New Orleans federal judge on Thursday awarded seven Virginia families $2.6 million in damages for homes ruined by sulfur-emittin...

Why the Fight for Financial Reform Needs to Get Much More Personal

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

When it comes to the fight over financial reform, Democrats are making the same mistake they did with health care: failing to put the effect reform would have on the lives of real Americans front and center.

Next California Attorney General Must Be Equipped to Make a "Move On" Consumer Rights Online

Christina Gagnier | Posted 05.25.2011 | Technology
Christina Gagnier

California elections are certainly not foreign to last minute gaming and "flip flops" on policy positions, especially in the weeks leading up to a co...

Chinese-Made Drywall Destroys, Poisons Homes: Now Who Pays?

AP | CAIN BURDEAU | Posted 05.25.2011 | Green

NEW ORLEANS — Thousands of U.S. homes tainted by Chinese drywall should be gutted, according to new guidelines released Friday by the Consumer P...

JPMorgan Chase To Squeeze Credit Further In Response To New Consumer Protections

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co. expects its credit card income to drop by up to $750 million because of recent regulations – and a lot of ...

Shahien Nasiripour

Top Bank Regulator Changes Tune, Now Calls For Independent Consumer Agency | Shahien Nasiripour | Posted 05.25.2011 | Business

This story has been updated After months of criticizing the Obama administration's proposal to create a consumer-focused agency dedicated to protecti...

Shahien Nasiripour

Bank Lobbyists Fought For Very Thing They're Now Trying To Kill, Says Elizabeth Warren | Shahien Nasiripour | Posted 05.25.2011 | Business

Bank lobbyists are fighting to derail a key element of consumer protection which they fought to preserve just four years ago, threatening to kill fina...

Why are microfinance interest rates so high?

Elisabeth Rhyne | Posted 05.25.2011 | Business
Elisabeth Rhyne

Americans often suffer sticker shock when they hear about interest rates charged in international microfinance. At annualized rates above 20 percent, ...

Tainted Meat Exposes US Consumers to HIV-like Virus

theGrio | Posted 05.25.2011 | Business

Primate parts smuggled inside cases of fish. Suitcases stuffed with dried duiker antelope that's later sold door to door. These are the hallmarks of the unregulated, underground bushmeat trade in America.

Polling for Dollars: Consumer Protection and Consumer Opinion

Ray Brescia | Posted 05.25.2011 | Politics
Ray Brescia

Should the same bank regulators who failed to stop the subprime tsunami have the sole authority to look out for consumers in the future?

Support troops and families with consumer protection agency

Craig Newmark | Posted 05.25.2011 | Home
Craig Newmark

Some of the people who need protection from financial predators are the families of troops serving overseas. The folks at Treasury are talking to tro...

Jason Linkins

Consumerist Launches 5th Annual 'Worst Company In America' Contest | Jason Linkins | Posted 05.25.2011 | Business

Good news for people who love brackets and hate the wicked corporations of America! Consumerist, full of March Madness, has returned for a fifth year ...

Elizabeth Warren: 'Socratic With A Machine Gun'

New York Times | JODI KANTOR | Posted 05.25.2011 | Business

Ask Elizabeth Warren, scourge of Wall Street bankers, how they treat consumers, and her no-nonsense bob will shake with indignation....

Tough State Laws Help Protect Consumers, According To Two Recent Studies

Huffington Post | Marcus Baram | Posted 05.25.2011 | Business

One of the more contentious issues in the debate over financial regulatory reform has to do with whether tough state consumer protection laws should c...

FDR Had It Right: Consumer Protection Is About Ideas, Not Acronyms

Jesse Strauss | Posted 05.25.2011 | Politics
Jesse Strauss

History instructs that the "independence" of the regulator is beside the point. Consumer protection depends on altering the fundamental relationship between the buyers and sellers of financial products.

Brownback Amendment ENSURES Auto Lending is Competitive

Grant Cardone | Posted 05.25.2011 | Business
Grant Cardone

Passing the Brownback Amendment is more important for the protection of consumers than it is for auto dealers. The spin from Washington is that auto d...

Finance Reform a Historic Accomplishment

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Last evening, the U.S. Senate passed a financial regulatory reform bill by a 59-39 vote, including four Republicans. While the legislation still conta...

Shahien Nasiripour

Brownback Defends Predatory Lenders In Misleading Letter To Pentagon | Shahien Nasiripour | Posted 05.25.2011 | Business

In his attempt to protect the right of predatory lenders to fleece America's troops and their families, Republican Senator Sam Brownback wrote a lette...

Let's Eliminate the Auto-Loan Loophole

Rep. Keith Ellison | Posted 05.25.2011 | Politics
Rep. Keith Ellison

It should come as no surprise that the auto loans are incredibly profitable for the industry -- more than half of Ford Motor Company's $2.7 billion 2009 profit came from its financing arm.

Jason Linkins

'Daily Show''s Hilarious Take On The Dodd Bill (VIDEO) | Jason Linkins | Posted 05.25.2011 | Business

I'd be remiss if I didn't point readers to the Daily Show's wonderful segment on Congressional efforts to institute some measure of financial regulatory reform.

Tom Carper Is Attacking Consumers and Defending Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

There are two consumer protection amendments getting serious attention on the Senate floor this week, one of them positive, one of them incredibly destructive -- the kind of amendment that can actually sink the bill if adopted.

Protecting Consumers From Unfair ATM Fees

Sen. Tom Harkin | Posted 05.25.2011 | Business
Sen. Tom Harkin

Currently, there is no limit on what the operator of an ATM can charge a consumer for using that machine. This is unfair and it is a policy we must address head on.

The Payday Lending Exemption Should Make Us Sick

Ben Mangan | Posted 05.25.2011 | Politics
Ben Mangan

Today's news that the Senate will remove the teeth from consumer protection legislation by giving a pass to payday lenders should make you sick.

Payday Loans Exempt From Consumer Protection Rules Under Corker Proposal

New York Times | SEWELL CHAN | Posted 05.25.2011 | Business

Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a p...