Consumers won a huge victory in 2010 with the passage of the Wall Street Reform law. The key provision of the bill for consumers is the creation of the Consumer Financial Protection Bureau, which will oversee financial products and services such as mortgages, credit cards, payday loans, check cashing, and private student loans.
- CU calls for new agency heads to protect consumers in credit and housing
Groups ask President-elect to choose nominees who will push for consumer protection, foreclosure prevention, and strong regulation in credit and housing.
- CRA is not the cause for the foreclosure crisis
The Community Reinvestment Act is not the problem. The problem is failed regulatory policy and oversight.
- CU: Include credit card reforms in bailout package
Consumer groups urge the Senate to protect consumers from deceptive credit card practices
- Wall Street rescue plan, worries for consumers
CU urges the House to put consumers and taxpayers at the forefront of bailout package
- Protect all your money if your bank fails
Consumer groups call on the FDIC to apply deposit insurance to all prepaid cards, payroll cards, and bank-issued gift cards.
- Letter to the Office of the Comptroller of the Currency (OCC) Regarding Opposition to Proposed Rule on Preemption
Letter to the Office of the Comptroller of the Currency (OCC) regarding opposition to proposed rule on preemption.
- House passes credit card reform bill
CU urges Congress to include credit card protections as part of any Wall Street bailout package
- CU: Bailout should include consumer protections
CU calls on Congress to protect consumers and taxpayers and enact reforms to prevent future financial meltdowns
- House to vote on credit card reforms
CU joins with other consumer groups to urge Congress to curb abusive credit card lending practices
- OCC sides with banks on credit card reform
Fed proposal offers important protections for consumers against abusive credit card practices
- California Senate OKs mortgage foreclosure bill
Bill aims to help Californians keep their homes and protect communities hit hard by foreclosures
- Financial Reform Moves!
Despite overwhelming pressure from the lending industry, big banks and credit card companies, just to name a few, consumer pressure and activism helped move us closer to passing legislation that creates real financial reform.
- Stop Auto Dealer Loopholes- Last Chance
The House is scheduled to start discussing consumer protections today and are threatening to carve out one of the biggest financial products you will ever use- the auto loan. You can help.
- What’s in the Mortgage Provisions of the Reform Bill
One of the major areas of concern driving legislative reform of the financial services industry is mortgage lending.
- Close The Loophole on Car Dealers – Take Action Before Tuesday
The House Conference Committee is scheduled to discuss consumer protections soon. Send your message now to Stop Car Dealer Loopholes!
- Pass financial reform that includes oversight of auto dealers
Barney Frank needs to hear from your member of Congress to oppose the Auto Dealer exemption. Here are the facts.
- Financial Reform Bill Update
It ain’t over yet. The banking lobby is working hard and spending tons to water down the financial reform bill while it is in conference.
- Senate Passes Financial Reform Bill
In the final vote the Senate passed the Restoring American Financial Stability Act of 2010 (RAFSA) 59-39
- Senate Votes to Limit Debate on Financial Reform Bill
Bringing the Financial Reform Bill one step closer to the presidents desk two Democrats vote against cloture while three Republicans vote for.
- Senate Moving Forward: Passes Good (Not Great) Amendment
The Senate approved Sen Mark Udall’s (D-CO) amendment on access to free credit scores but with a catch.
- Consumers pay steep rates for small loans
Need more proof that we need a strong independent financial watchdog for consumers? We just put out a report with the National Consumer Law Center and the Consumer Federation of America that shows consumers in most parts of the country are vulnerable to small loan rip-offs.