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.
- 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
- From CR Money: Liz Warren New Head Of CFPB
Elizabeth Warren: Let’s “pull up our socks and get to work.”
- Chalk One Up For the Good Guys
Your activism forced lawmakers to reform our financial system! But the fight is not over.
- Victory! President signs Wall St. Reform Bill Into Law
The President signed the Wall St. Reform bill creating the Consumer Financial Protection Bureau. We outline what they should tackle first.
- What Is In The Wall St. Reform Bill For You
The Senate’s 60-39 vote passing a landmark bill to overhaul the rules for banks and Wall Street shows the power that consumers can have over even the most powerful and well-funded lobby groups in the country.
- Senate Passes Wall St. Reform.
Finally. Financial Reform Bill a “Game Changer”
- Who Will the CFPB Serve?
At our recent Consumers Union Activist Summit we were lucky enough to meet activists from all over the country who are doing amazing work. One such person was Andrea Wieland from the group First Nations. First Nations Native American operated nonprofit that strengthens Native economies throughout the United States.
- Wall Street Reform Bill Update
Sen Brown comes out in support of Wall St. Reform Bill- Where does your Senator stand?
- Wall Street Bill Headed Back To Conference
All this talk about decades without real consumer protection and we all forgot one thing… Who is looking out for the BANKS? Luckily, someone is on the watch.
- Call Your Senator Now to Pass Financial Reform
The financial reform bill needs 60 votes in the Senate to be sent on to the President for final signature. The Lending Industry is going to fight it till the very end.
- Financial Reform Bill- Update
Here is an update of what is in the final version of the bill that is moving on to the House and Senate floors for final passage.