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Consumer Protection

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.

Consumers Can't Wait Any Longer for Health Reform

Jim Guest | Posted 05.25.2011 | Politics
Jim Guest

More than 70 years ago the Consumers Union called for affordable, reliable health care for all Americans. Now, after decades of failed proposals, broken promises, and political rancor, reform is in reach.

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...

Senate Caving in to Wall Street Lobbyists

Rep. Luis Gutierrez | Posted 05.25.2011 | Politics
Rep. Luis Gutierrez


Regulate Nonbank Financial Institutions, Say Consumer Groups

Posted 05.25.2011 | Business

WASHINGTON -- While much of the Congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the...

New Rules: Federal Reserve to Start Doing a Tad More of Their Job with New Credit Card Rules

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

Today the Fed has amended the Truth in Lending regulation "to protect credit card users from unreasonable late payment and other penalty fees and to require credit card issuers to reconsider increases in interest rates."

Why No International Financial Regulation?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

We will never stop the international banks at the international level. We need to curtail them at the national level. And we can't afford to wait for other countries; we have to do it for ourselves.

Move Your Money and Save

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Big banks impose much higher costs on their customers than small banks and credit unions do. Moving our money could save us billions of dollars a year.

Corporations Using Ballot Inititives To Gut Regulations, Consumer Protections

Los Angeles Times | Michael Hiltzik | Posted 05.25.2011 | Los Angeles

The phenomenon of corporations buying their way onto the California election ballot is fast reaching epidemic proportions. If the multimillion-dollar ...

Valentine's Day and Leaving a Tip for the "Little People"

Don McNay | Posted 05.25.2011 | Business
Don McNay

Take a good look around and if you're looking down Put a little love in your heart -Jackie DeShannon In the early 1990's, I was one of the nation...

Credit, the CFPA, and Recovery

Tom Donohue | Posted 05.25.2011 | Business
Tom Donohue

It's time for Congress and the Administration to work together to enact meaningful, bipartisan solutions to modernize financial regulation.

Elizabeth Warren Calls Out Wall Street

James Kwak | Posted 05.25.2011 | Business
James Kwak

The big banks face a choice. They can agree to sensible reforms that protect consumers and rein in the excesses of the past decades. Or they can simply decide to screw customers, but do it openly this time.

The Top 10 Financial Products and Services that Must Be Regulated in 2010

Jonathan B. Mintz | Posted 05.25.2011 | Business
Jonathan B. Mintz

It's time to reset the debate and get specific about what the CFPA might actually do. Here is my "Top 10 Must-Regulate" list -- the top products and services the CFPA should take on to protect consumers.

How To 'Stop Getting Ripped Off'

Bob Sullivan | Posted 05.25.2011 | Books
Bob Sullivan

Hidden fees may be a daily annoyance for you; but for America, they are an economic calamity.

If My Car Is Being "Recalled," Why Aren't You Taking it Back?

Evan Handler | Posted 05.25.2011 | Business
Evan Handler

In spite of announcing a "recall," all Toyota has done is to issue some warnings, to state that they're "working on" a solution, and to instruct me to be alert to the problem. In this "recall," I'm being told to keep driving my car.

Friday Talking Points [108] -- Obama's Pivotal Week

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.

Shahien Nasiripour

Will The Banks Win Again? Bailout Watchdog Rallies Support For Consumer Protection Agency | Shahien Nasiripour | Posted 05.25.2011 | Business

The battle in the Senate over a proposed consumer financial protection agency is the final show-down between banks and American families, bailout watc...

Obama Slaps Congress, Lobbyists In Push For Consumer Protection Agency (VIDEO, REMARKS)

Posted 05.25.2011 | Business

The White House on Friday renewed its push for a consumer financial protection agency with President Obama and a senior economic official warning Cong...

Wall Street Reform and Consumer Protection Act of 2009: Bad for California

Pedro Nava | Posted 05.25.2011 | Los Angeles
Pedro Nava

On Thursday December 10, 2009, in the dark of night in Washington D.C., the U.S. House of Representatives was overcome with amnesia. They acted as though the financial crisis never happened.

Keeping Our Children Safe this Holiday Season

Inez Moore Tenenbaum | Posted 05.25.2011 | Business
Inez Moore Tenenbaum

Fortunately, this year, you can holiday shop for your child or grandchild with more confidence than ever before. That's because there are new rules on your side and the side of America's children.