So says Lisa Servon in her op-ed, Save the federal consumer watchdog: The CFPB protects us all.
The Federal Trade Commission announced yesterday that the operators of a telemarketing scheme charged with bilking millions of dollars from consumers, many of whom are seniors or military veterans on fixed income, will pay approximately $7.5 million in consumer redress under a settlement with the FTC. The stipulated final order also prohibits the defendants – […]
The Hill reports: President Trump will sign an order Wednesday to formally evaluate the Obama administration’s landmark greenhouse gas emissions standards for cars. The action, a top request from the automaker lobby to the new president, is the first step toward potentially weakening the aggressive standards that set a goal of a 54.5 mile-per-gallon auto […]
Brad Wolverton's article, Your Wallet Will Suffer If This Agency Is Gutted, is an excellent roundup of the Bureau's accomplishments that cuts across a variety of areas, including student loans, credit cards, debt collection, mortgages, payday loans, credit reporting agencies, auto lending, consumer complaints, military protections, and arbitration. Excerpt: Collectively, for every $1 in federal spending on […]
This article by Liz Goodwin includes both republican and democratic reactions to the Congressional Budget Office's analysis of the Republican bill to "repeal and replace" the Affordable Care Act — that's the analysis that says millions upon millions of Americans will lose their health insurance under the bill. Goodwin's article also reminds us that the repeal […]
Read Trump’s Backing a Healthcare Plan That Breaks His Promises by Benjy Sarlin, which explains point by point how the bill, now backed by Trump, is at odds with Trump's campaign pledges. (No matter, that was before Trump discovered that "no one knew" how complicated health care was.) And for more on the 24 million Americans likely […]
This Congressional Budget Office cost estimate of the republicans' proposed repeal-and-replace of the Affordable Care Act — the health care "reform" law championed by Speaker Paul Ryan — finds that 14 million people will lose their health insurance in the year following enactment. Another 10 million people will lose their health insurance by 2026. Read this article by Dan […]
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Volkswagen has pleaded guilty to three felonies and agreed to pay some fines in connection with its emissions cheating. A few stories on the plea deal are here, here, and here.