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Consumer Protection

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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 Freecreditreport.com

New York Times | RON LIEBER | Posted 05.25.2011 | Business

The Federal Trade Commission is not amused. It has long believed that the company that owns freecreditreport.com 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.

Jason Linkins

Bank Lobby Bloodied But Unbowed In Fight Against Consumer Protection

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | 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 ...

Jason Linkins

GOP Rep. Tells House Finance Committee That Banks Should "Trump" Consumers

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | 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...

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

Why We Need Robust Consumer Financial Protection

Hilary O. Shelton | Posted 05.25.2011 | Business
Hilary O. Shelton

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.

Brace Yourself for Pink Overload

Halle Tecco | Posted 11.17.2011 | Healthy Living
Halle Tecco

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?

Summers Takes On Consumer Protection Foes

Financial Times | Krishna Guha | Posted 05.25.2011 | 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...

Marketing in Disguise

Sarah O'Leary | Posted 05.25.2011 | Business
Sarah O'Leary

When marketers knowingly play in the darker parts of the gray to drive sales, they're doing a disservice to the consumer and the industry. A good deal not a good deal when it misinforms consumers.

Banks Earn $27 Billion On Debit Card Overdraft Fees

The New York Times | RON LIEBER and ANDREW MARTIN | Posted 05.25.2011 | Business

The Federal Reserve is considering requiring banks to get permission from consumers before enrolling them in overdraft programs, so that consumers lik...

Consumer Protection Should Work for Consumers

Tom Donohue | Posted 05.25.2011 | Business
Tom Donohue

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.