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WASHINGTON — Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according t...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.10.2009 | 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...
Sen. Mark Udall | Posted 11.06.2009 | Politics
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.
HuffingtonPost.com | Jason Linkins | Posted 11.05.2009 | Business
Bloomberg's Yalman Onaran takes a glance at the state of play on the consumer protection front, and sizes up the influence that the banking lobby has ...
Rolfe Winkler | Posted 11.04.2009 | 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...
New York Times | RON LIEBER | Posted 11.02.2009 | Business
The Federal Trade Commission is not amused. It has long believed that the company that owns freecreditreport.com is deliberately diverting people from...
AP | JIM KUHNHENN | Posted 10.24.2009 | Business
WASHINGTON — Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders trea...
Harry Moroz | Posted 10.23.2009 | Politics
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.
HuffingtonPost.com | Jason Linkins | Posted 10.21.2009 | Business
Over at the Wonk Room, Pat Garofalo pulls video of Representative Jeb Hansarling (R-Tex.) sitting on the House Financial Services Committee as they ma...
New York Times | Stephen Labaton | Posted 10.15.2009 | Business
Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percen...
David A. Love | Posted 10.15.2009 | Politics
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.
Trey Ellis | Posted 10.15.2009 | Politics
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.
Lita Smith-Mines | Posted 10.16.2009 | Living
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.
Christine Escobar | Posted 10.14.2009 | Business
Even if you're embarrassed to admit it, you're very likely among the estimated 50 million Americans who have been overdrawn on their checking account in the course of any given year.
Yahoo Finance | Posted 10.13.2009 | 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...
Posted 10.09.2009 | 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...
Fortune's Stanley Bing | Posted 10.08.2009 | Business
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.
HuffingtonPost.com | Shahien Nasiripour | Posted 10.07.2009 | 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...
Janis Bowdler | Posted 09.30.2009 | Business
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
Hilary O. Shelton | Posted 09.30.2009 | Business
Our current system of consumer protection fails to protect Americans from basic exploitation and abuses that can cost individuals and families hundreds of thousands of dollars, and even their homes.
Halle Tecco | Posted 09.29.2009 | Living
We're seeing "pinkwashing," when corporations try to boost sales by turning their products pink in the fight against breast cancer. But will your pretty pink purchase really have an impact?
Dan Geldon | Posted 09.28.2009 | Business
Credit card companies are pretending they love plain vanilla so that the perceived need for Congressional action fizzles, so that CFPA slowly fades away, and so that the public feels safe and protected by a working marketplace.
Financial Times | Krishna Guha | Posted 09.18.2009 | Business
Larry Summers, the top White House economic adviser, on Friday accused financial lobby groups of using "death panel" type scare tactics to try to bloc...
The New York Times | RON LIEBER and ANDREW MARTIN | Posted 11.09.2009 | Business
The Federal Reserve is considering requiring banks to get permission from consumers before enrolling them in overdraft programs, so that consumers lik...
Tom Donohue | Posted 11.08.2009 | Business
Creating the Consumer Financial Protection Agency to deal with consumer finance issues makes about as much sense as dictating the sizes, flavors, and temperature of coffee because a few consumers spilled their beverages and were burned.
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AP | CHRISTOPHER S. RUGABER | Posted 11.13.2009 | Business