A coalition of consumer advocates recently sent this letter to Sheila Bair about the FDIC and overdraft fees. Dear Ms. Bair: We, the undersigned civil rights, labor, consumer, housing, community, business, and sustainable and responsible investor groups, write to thank the FDIC for bringing attention to abusive overdraft practices. Your proposed guidance recommends common-sense actions
Professor Michael Greenberger has prepared a comment letter in response to definitions contained in Title VII of Dodd-Frank Wall Street Reform and Consumer Protection Act. This document discusses the definitions of terms that are key for effective derivatives regulation. Click here to read the pdf.
Below, read a summary of the Dodd-Frank law from AFR member Consumer Action. The landmark federal financial reform legislation (the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010) was designed to strengthen consumer protection of financial products and services, limit taxpayer liability for financially risky banks, and prevent or stop the spread of
Click here to see this information on the Demos site. July 15, 2010 By Caleb Gibson Heather C. McGhee Today, the Senate votes to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act, sending the landmark legislation to President Obama’s desk for signature next week. The bill is not perfect, but it will bring greater security
The President and other elected officials have issued press releases regarding Elizabeth Warren’s appointment. – From the Office of the President: “President Obama Names Elizabeth Warren Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau” – From Speaker Nancy Pelosi: “Pelosi on Elizabeth Warren’s Appointment:
President Selects Professor Elizabeth Warren as Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau (CFPB) U.S. PIRG: “Elizabeth Warren is the right choice to build the consumer protection machine she invented.” Statement of U.S. PIRG Consumer Program Director, Ed Mierzwinski “Building the Consumer Financial