As Economy Crashed, Banks Made A Killing On Overdraft Fees
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...
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 11.30.2009 | 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 11.30.2009 | 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 11.29.2009 | 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 11.28.2009 | 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 11.18.2009 | 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.
Lawrence B. Glickman | Posted 10.23.2009 | Business
There is currently new ideological space for liberal politics, including a renewed call for consumer protection after a thirty year hiatus. But this is no time for complacency.
Harry Moroz | Posted 10.18.2009 | Business
The Consumer Product Safety Improvement Act is generating quite a bit of controversy for a measure designed to protect children from lead and other unsafe consumer products.
Christina Pirello | Posted 09.19.2009 | Living
Fat, sugar and salt; the triple threat to our waistlines... and health. Mere decades ago, the food industry made a conscious choice to seduce the Amer...
AP | ANNE FLAHERTY | Posted 08.24.2009 | Business
WASHINGTON — Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke staked out opposing sides Friday in a turf war over w...
Wendy Gordon | Posted 08.13.2009 | Living
The bill gives the FDA broad new powers to regulate produce at the farm level and review corporate records on activities ranging from food-processing to pathogen-testing.
AP | ANNE FLAHERTY | Posted 08.08.2009 | Business
WASHINGTON — The chairman of the House Financial Services Committee is throwing his weight behind President Barack Obama's plan to create a gove...
Les Leopold | Posted 08.01.2009 | Business
With a straight face, the captains of Wall Street like are telling us that they don't need to be heavily regulated -- that regulations will kill innovation and stifle consumer choice.
Michael Whitney | Posted 08.01.2009 | Business
Employees report they're told to target students, the elderly, and non-English speakers who are the most at-risk to end up paying huge fees.
Robert Weissman | Posted 07.18.2009 | Business
There's no question that Wall Street is going to mobilize -- is already mobilized -- to defeat the administration's positive proposals.
The Media Consortium | Posted 07.10.2009 | Politics
by Zach Carter, TMC MediaWire Blogger The banking lobby still holds enough sway inside the Beltway to torpedo sensible consumer protection rules, ev...
Jill Schlesinger | Posted 06.26.2009 | Business
It seems like everybody is in the financial advice-business, but how do you know if someone is qualified to help you?
AP | MARCY GORDON | Posted 06.20.2009 | Business
WASHINGTON — The head of the Securities and Exchange Commission is objecting to a plan being weighed by the Obama administration to create a new...
Sen. Chris Dodd | Posted 06.19.2009 | Politics
Over and over we've heard that consumers should act responsibly when it comes to credit cards. I agree -- but it's time we held credit card companies to the same standard.
HuffingtonPost.com | Arthur Delaney | Posted 05.30.2009 | Politics
Sen Russ Feingold (D-Wisc.) introduced a bill Wednesday that would prevent companies from forcing consumers and employees into arbitration agreements....
James Love | Posted 02.03.2009 | Politics
Obama will soon be President, working with solid democratic majorities in the House and the Senate. He should use his power to advance consumer interests in ways that have been neglected for decades.
HuffingtonPost.com | Shahien Nasiripour | Posted 10.07.2009 | Business