Category Archives: In the News
CNN: New consumer protection agency meets resistance
By Jessica Yellin CNN National Political Correspondent WASHINGTON (CNN) — If you hold a credit card, mortgage or a student loan, Congress is considering a new agency designed to give you a lot more protection. Congress is considering a new agency designed to give consumers
USA Today: Some small businesses still struggle to get financing
By Laura Petrecca, USA TODAY The big squeeze on small-business financing continues, despite the overall loosening of U.S. Small Business Administration-backed loans in recent months, two new studies show.Nearly four in 10 small-business owners polled in the past few weeks said they are not able
The Testimony of John Taylor, President and CEO of NCRC, before the House Financial Services Committee
National Consumer Law Center’s Testimony in Support a Consumer Financial Protection Agency: “Properly implemented, a CFPA will encourage innovation by financial actors, increase competition in the marketplace and lead to better and safer choices for consumers.” Click HERE to read more.
Business Week: Consumers Need a Credit Watchdog
Harvard Professor Elizabeth Warren explains her idea of creating a Consumer Financial Protection Agency in this Business Week piece. Congress is considering legislation which would create such an agency. Here’s an excerpt from her article: President Obama’s proposed Consumer Financial Protection Agency would make loan