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Consumer Protection

Obama's Choice for 2010

Lincoln Mitchell | Posted 05.25.2011 | Politics
Lincoln Mitchell

After 2010, the Obama presidency, if history is any guide, will change substantially. It will become reactive, initiate few, if any, major pieces of legislation, and focus more on foreign policy.

Shahien Nasiripour

House Democrat Ed Perlmutter Has Lots Of Reasons To Support Big Banks | Shahien Nasiripour | Posted 05.25.2011 | Business

Rep. Ed Perlmutter pushed and pushed and pushed for an amendment to exempt some of the country's biggest banks from supervision by a new consumer-prot...

Shahien Nasiripour

JPMorgan Chase Says New Credit Card Law To Cost Firm At Least Half A Billion Dollars A Year | Shahien Nasiripour | Posted 05.25.2011 | Business

The nation's second-largest bank said a new law that limits unfair rate hikes and hidden fees will cost it as much as $750 million a year. JPMorgan...

AP: Obama's Consumer Agency May Still "Die Along The Way"

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders trea...

Bye-Bye Baubles

Lita Smith-Mines | Posted 11.17.2011 | Healthy Living
Lita Smith-Mines

I was encouraged to "bring my useless or broken gold" to an acquaintance's home, where I could "sell it all and take home cash." This was a new one for me, I've never left a social gathering richer than when I came in.

Thanks, Mr. Banker, for My Overdraft Protection!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

I wonder what new things the bankers will think of next to help and protect us. One thing's for sure. I know they're thinking of something.

The Consumer Financial Protection Agency: It Can Be Done, But Let's Do It Right

Jonathan B. Mintz | Posted 05.25.2011 | New York
Jonathan B. Mintz

Few realize that America is at a critical moment in the history of consumer protection. Last week Barney Frank led the House to pass landmark legislation that focused on protecting consumers.

Federal Reserve: Customer Consent Needed For Overdraft Fees

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according t...

Sarbanes-Oxley Act: Amendement To Exempt Smaller Business Passes House Financial Services Committee

Rolfe Winkler | Posted 05.25.2011 | Business

An amendment that would permanently exempt small public companies from complying with a key provision of the Sarbanes-Oxley Act advanced in Congress t...

House Panel Exempts Over 8,000 Banks From Oversight

New York Times | Stephen Labaton | Posted 05.25.2011 | Business

Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percen...

Nader: Consumer Rights Regulatory Body A Necessary Instituion (VIDEO)

Yahoo Finance | Posted 05.25.2011 | Business

Consumer advocate and former presidential candidate Ralph Nader appeared on Yahoo Tech Ticker today to discuss President Obama's plan for a consumer f...

Where's The Plan On Foreclosures? Force Banks To Reduce Loans!

John Taylor | Posted 05.25.2011 | Business
John Taylor

The Fed needs to go on the offensive and force banks to reduce loans to reflect their real property values -- not the values based on a Wall Street Ponzi scheme that drove up housing costs.

Jobs Obama Can Fill Now, Rehiring Consumer Reps At The White House

Jamie Court | Posted 05.25.2011 | Politics
Jamie Court

Every other Democratic president since President Kennedy has hired a Special Assistant for Consumer Affairs. This is a gift Obama should give American consumers for the holidays.

Gaming the System

Sen. Mark Udall | Posted 05.25.2011 | Politics
Sen. Mark Udall

Families and small businesses are hurting during these tough times, and I find it unconscionable for credit card companies to game the system and jack up already high interest rates even higher.

Congressional Fail: Don't Let Congress Take Credit

Harry Moroz | Posted 05.25.2011 | Politics
Harry Moroz

Even as consumers suffer the housing crisis and an abysmal job market, they face the prospect of hundreds or even thousands more dollars of credit card debt because of Congress.

Will Obama Save America From Capitalism?

David A. Love | Posted 05.25.2011 | Politics
David A. Love

American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.

Shahien Nasiripour

As Economy Crashes, Banks Make A Killing On Overdraft Fees | Shahien Nasiripour | Posted 05.25.2011 | Business

Talk about kicking people when they're down. Banks and credit unions made an eye-popping $24 billion in overdraft fees in 2008, according to a rep...

Ryan Grim

GOP, Warning Of A 'New EPA', Oppose Independent CFPA | Ryan Grim | Posted 05.25.2011 | Politics

Senate Republicans are determined to prevent the creation of an independent Consumer Financial Protection Agency because they consider it as threateni...

House Financial Regulatory Reform Bill Passes

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off...

FTC Takes On Credit Monitoring Services Like

New York Times | RON LIEBER | Posted 02.13.2014 | Business

The Federal Trade Commission is not amused. It has long believed that the company that owns is deliberately diverting people from...

Invite Regular Folks to the White House

Trey Ellis | Posted 05.25.2011 | Politics
Trey Ellis

To re-energize the angry many that elected him, Obama needs to publicly bar representatives of the powerful few from the White House until they agree, concretely, to better serve the angry many.

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.

Congress Has a Responsibility to Establish Strong Consumer Financial Protection

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

Congress has a responsibility to plug the holes in a broken financial system that allowed millions of families to watch their savings and wealth evaporate and their debt skyrocket