In a letter to President Obama, Congressman Paul Hodes (D-NH) recommended Elizabeth Warren to serve as the director of the Consumer Financial Protection Agency. Hodes says: Middle class Americans need a tough fighter like Dr. Warren to hold the Wall Street banks and credit card
The Financial Edge has a bill summary here that gives a good explanation of what the Dodd-Frank financial reform bill will accomplish. Here’s what they say about the new consumer regulations (visit their website for the full list): Consumer Safeguards The Act creates a new
Consumer groups developed this document detailing the Rulemakings, Reports, and Studies the Consumer Financial Protection Bureau will engage in. Click here to view this document as a pdf.
Remember our post about the Main Street Brigade’s rap video about Elizabeth Warren? Well, it’s causing quite a stir. Take a look at all the coverage the video is getting! CNBC has noticed the video, and says that Warren is “rap’s new sheriff” Bloomberg TV
In a press release, the mid-sized California bank says the bill succeeded in standing up for Main Street banks: “Washington policymakers understood the difference between Wall Street and Main Street banking when they included important concessions for community banks in the new Wall Street Reform
Full implementation of the Dodd/Frank financial reform bill will create a dramatically fairer mortgage market Washington, DC – Until now it has been standard practice for many brokers and lenders to get kickbacks for putting borrowers in more expensive loans; the rules of the game
In response to last week’s New York Times article “Reap What You Swap” by Minnesota farmer Betty Jensen, IATP wrote a letter to the NYT that has not yet been published. IATP communications director Ben Lilliston wrote a blog about the article and related Wall
Dr. Phil has announced his support for Elizabeth Warren as the first director of the Consumer Financial Protection Agency. Dr. Phil has worked with Elizabeth Warren in the past, and believes that she is the right person to serve as the sheriff of Wall Street
Our friends at Consumer Action have put together a handy fact sheet about the key elements of the new financial reform legislation. Click here to read the fact sheet (pdf) and learn about what the new law will do regarding the Consumer Financial Protection Bureau,
Washington, DC – As of yesterday, banks and credit unions can no longer automatically charge debit card or ATM overdraft fees averaging $34 a piece. But if their deceptive marketing efforts can convince you to check a box or “sign on the dotted line,” they