Sometimes, the threat of regulation actually works.

This week, JPMorgan Chase and Bank of America both announced changes to their overdraft fees -- an established, if somewhat nefarious, bank practice that has increasingly come under fire during this recession.

For years, banks have charged hefty fees for "overdraft protection," raking...

Thus far in the short and shameful history of Wall Street's meltdown and bailout, the financial services industry has gotten away time and again with adding insult to injury for American consumers.

First it went on an orgy of greed, jiggering profits out of crazy mortgages that helped bring...

As part of a deal announced last November, Magic Johnson is appearing in a marketing campaign throughout the 2009 tax season for Jackson Hewitt, the franchise tax preparer notorious for preying on low-income people.

Magic appears in television ads, radio spots on urban stations and billboards in communities of...

We observe this President's Day with pride in your election and hope in your Presidency as the ordinary citizens who came together to elect you.

We trust and appreciate that you want to help millions of Americans who are losing their jobs, homes, small businesses and health care. We were...

One business that's booming these days is payday lending. As the economy worsens, more people are turning to payday loans to get cash advanced from their paychecks for groceries, gas, and even mortgage payments. They pay fees at astronomical rates of up to 459 percent annual interest, fueling an industry...

It may be baffling to some people why the American public hasn't become outraged by the fact that our government conducts torture in its name, even in the wake of Abu Ghraib and the transformation of once-obscure terms like "rendition" and "waterboarding" into the vernacular of popular culture.

Is...