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Consumer Protection

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.

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.

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

HuffingtonPost.com | 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...

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

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 02.13.2014 | 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...

What Consumers Can Do About Overdraft Fees

Christine Escobar | Posted 05.25.2011 | Business
Christine Escobar

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.