News from Economic Policy Institute (EPI) Many financial institutions use forced arbitration clauses in their contracts to block consumers with disputes from banding together in court, instead requiring each consumer to argue their case separately in private arbitration proceedings. Recently, members of
Today, at the only scheduled committee hearing to review Chairman Hensarling’s Wrong Choice Act 2.0, a bill that would destroy the most important parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act Congresswoman Maxine Waters (D-CA), Ranking Member of the
by Dana Floberg, contributor at CommonDreams Internet users took a hard loss this week in the fight for broadband privacy and internet freedom — but if you listen to the Republican lawmakers who trashed our privacy rights, you’d think they’d done the opposite.
Young people who took low-paying, public-sector jobs with promise of loan forgiveness now ‘hosed’ by Lauren McCauley, staff writer at CommonDreams In a troubling development for the countless people saddled with student debt, the U.S. Department of Education (DOE) may be reneging on a
— by Stacy Canam. Office for Older Americans, CFPB Last week the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors
The Consumer Financial Protection Bureau must stop this national crisis. — by LeeAnn Hall Have you ever picked up your phone to find an aggressive voice on the other end demanding payments on a debt you know nothing about? You’re far from
The details are out on the the Trans-Pacific Partnership, and critics say the trade deal is worse than they feared. The TPP’s full text was released Thursday, weeks after the United States and 11 other Pacific Rim nations—a group representing 40 percent
Clearly, members of the GOP in the House are all about looking for ways to handicap ANY organization tasked with performing regulatory actions that might impede their ideological plans for the future of the United States of Republica. A case in point
Fascinating how the GOP claims to be FOR smaller government and less bureaucracy, but then votes for passage of laws like this that increase the degree of bureaucracy to the detriment of consumers. Rep. Amodei who supposedly represents those of us in
— by Pat Garofalo on Feb 1, 2013 at 5:45 pm When the Dodd-Frank financial reform law first passed, Senate Republicans refused to confirm a director for the newly-created Consumer Financial Protection Bureau. They promised to block any nominee — regardless of
