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 offers principles for restructuring financial regulation
Via Electronic Mail December 16, 2008 Ms. Orice M. Williams Director, Financial Markets and Community Investment U.S. Government Accountability Office 441 G Street, N.W. Washington, DC 20548 Re: GAO Report on Reforming the Financial Regulatory System Dear Ms. Williams, Consumers Union, the nonprofit publisher of Consumer Reports, is deeply interested in creating a more effective Continue Reading
- 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.
- Bailout should include new credit card standards
CU says Treasury plan to buy securitized credit card debt should protect consumers from bad lending practices
- Statement by CU on President-elect Obama’s economic team
Their plans offer some hope that they will act quickly to get to the heart of our financial crisis.
- CU calls for new reforms to address financial crisis
New safeguards needed to stem foreclosures and protect consumers and taxpayers from deepening crisis
- Senate approves Wall Street rescue package
Senate bill strengthens Bush Administration plan, but critical protections for consumers and taxpayers still needed
- 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
- CFPB Opens Today; America Likes It
New poll results show that Americans support the CFPB as the watchdog officially opens today.
- CFPB To Officially Open Its Doors Tomorrow
Consumers will see immediate benefits.
- Richard Cordray Named To Head CFPB
Richard Cordray, former Ohio Attorney General, nominated to head the CFPB.
- Liz Warren Defends Consumer Protection… Again
Professor Liz Warren was called before the House Committee on Banking to defend the Consumer Protection Bureau. You can join the fight to defend consumer protections.
- Countdown To CFPB Launch
While the newly created consumer watchdog gets some powers to protect consumers on July 21 opponents are still trying to weaken the agency.
- More Transparency For You Regarding Your Credit Score: Starting July 21
By Viviana Santiago
More consumer benefits for your credit score will kick in on July 21
- Call your Senators to oppose the attack on the financial watchdog!
This time amendments are being proposed in the Senate to gut the CFPB.
- Prof. Warren To Defend Consumer Watchdog… Again.
By Christina Tetreault
Latest Attack on CFPB: Professor Warren Instructed to Clear Her Schedule to Testify (Again)
- House Committee Votes to Weaken the CFPB
Today the House Committee on Banking voted to weaken the CFPB. Take action now!
- 44 Senators Want To Weaken The CFPB!
By Neha Singh
44 Senate Republicans want to weaken the CFPB before it has even started to help consumers.