Paul Solman from PBS “NewsHour” recently interviewed former bank regulator Bill Black about his opinion regarding the effects of deregulation of financial products. Bill Black talks about the way that bad practices have been ignored by bank regulators and notes that, “In the savings and
On Monday, February 22, the long-awaited and long-needed changes laid down by the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act went into effect. When the bill was passed last May, it was the first time meaningful credit card legislation had ever been passed on
A recent editorial in the New York Times talked about the need for sweeping financial reform in order to effectively deal with the nation’s economic problems, and the hurdles that reform legislation must face as it moves through the Senate. It said: Nearly a year
Congressman Dan Meffei (D-NY) recently spoke up on behalf of the Consumer Financial Protection Agency and increased consumer protections in a radio interview with the Rochester-based station WXXI. The report from the interview says: Maffei was in Rochester earlier this week, to promote new rules
A group of concerned Southwestern Missouri residents were fed up with a lack of representation from their Congressman, Roy Blunt. They decided to try the bank trick that has been getting industry leaders into the Congressman’s office and earning his vote: they brought him a
“Don’t throw stones from a glass house – especially at an independent watchdog like Elizabeth Warren.” That’s the latest from AFR’s Director, Heather Booth, who has a new post over at the New Deal 2.0 blog. Click here to read the full post. She says:
The “Move Your Money” campaign got an extra boost this morning as it was mentioned on NPR’s Morning Edition. Organizers of the campaign, which encourages consumers to move their money out of the big banks and into small local banks and credit unions, say that
The National Council of La Raza (NCLR) partnered with the Center for Community Capital (CCC) at the University of North Carolina to produce their recent report titled The Foreclosure Generation: The Long-Term Impact of the Housing Crisis on Latino Children and Families. NCLR’s findings reflect
Jonathan Mintz, the Commissioner for the New York City Department of Consumer Affairs, recently put out a list of the top 10 financial products and practices that he thinks should be covered in 2010. This list comes as the result of the Cities for Financial
Senator Michael Bennet (D-CO) recently wrote an Op-Ed for the Denver Post about changes in credit card terms and the need for more financial regulation to effectively protect consumers. He talks about the improvements that are about to go into effect, and says: These long-overdue