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Pamela Banks
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Pamela Banks is Senior Policy Counsel for financial services issues in Consumers Union’s Washington DC office. Consumers Union is the nonprofit organization that publishes Consumer Reports magazine. Ms. Banks specializes in federal financial services, bankruptcy and housing policy. Pam has extensive experience in the legislative and administrative branches of government and the private sector. Among her past positions she was counsel to the Senate Judiciary Subcommittee on Antitrust, where she covered financial institutions, tax and bankruptcy issues. She also worked several years as counsel at the U.S. Treasury Department and the Federal Home Loan Bank Board.

Entries by Pamela Banks

Protecting You From Credit Report Errors, Unreliable Scores

(1) Comments | Posted April 15, 2014 | 4:13 AM

Aleta from Mena, Arkansas, has had a hard time getting a decent rate on a car loan all because of a mistake on her credit report. The problem started when she received a bill that was caused by a computer glitch and not because of money she actually owed. She...

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Debt Collection Reforms Are Past Due

(15) Comments | Posted February 7, 2013 | 8:41 AM

In 2010, Marie from Crescent City, Calif., got a phone call from a bill collector who claimed she owed $500 for a purchase made on the Home Shopping Network (HSN) eight years earlier. The debt collection company told her that it had purchased the debt from HSN and demanded that...

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It's Time to Make It Easier to Move Your Money

(0) Comments | Posted November 5, 2012 | 9:53 AM

This week marks the one year anniversary of Bank Transfer Day, the grassroots protest of unfair bank practices that encouraged an estimated 610,000 consumers to move their to a credit union or community bank.

But while Bank Transfer Day mobilized hundreds of thousands of fed up consumers...

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As Senate Spars Over Reform, Banker Man Busts Loose

(1) Comments | Posted May 5, 2010 | 4:18 PM

While the debate over financial reform devours Washington, local residents are reporting sightings of a pinstriped, cigar-chomping Banker Man, a larger-than-life character with an insatiable appetite for consumers, tourists and just about anybody with a dollar to spare.

Beware the Banker Man. He's big. He's bad. And he bites.

You...

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Senate Must Act on Banking Reform

(0) Comments | Posted April 15, 2010 | 12:31 PM

Mortgages with skyrocketing interest rates and other hidden costs. Unregulated financial markets slipping through the cracks--the list of reasons for our economic crisis is long and infuriating.
But one question remains: Has Congress learned any lessons from the financial meltdown? We're about to find out.

Last month,...

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