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December 2, 2011 - 5:03pm | Filed under: Mortgage, Real Estate & Housing

I was thrilled to see Massachusetts AG Martha Coakley file a lawsuit against five major banks and MERS for their egregious and fraudulent behavior in foreclosing on homeowners:...

November 18, 2011 - 1:51pm | Filed under: Telephone Consumer Protection Act
A couple of weeks ago, the House Energy and Commerce Subcommittee on Communications and Technology held a hearing on HR 3035 the Mobile Informational Call Act of 2011 – a dangerous bill that would open up cell phones to robocall.  We’ve already said that the bill is a wolf in sheep’s clothing
November 16, 2011 - 6:10pm | Filed under: Other Areas of Interest

In 2010 Congress took a bold and courageous move and passed the Dodd-Frank Wall Street Reform and Consumer Protection Act which created a new consumer cop on the beat, in the Consumer Financial Protection Bureau!  Consumers and Consumer Advocates lauded this bold and necessary move.  Finally, there would be a cop on the beat whose sole interest and mandate came from the consumer.

November 10, 2011 - 3:11pm | Filed under: Mortgage, Real Estate & Housing

In 2009, Obama released the original economic stimulus plan, Home Affordable Refinance Program (HARP), which was designed to stabilize communities hit by foreclosures or abandonment. At the end of October, Obama pitched his latest proposal to attempt to relieve the economic and political fallout of a housing crisis that has hindered him as he seeks a second term in office. He has decided that it is not worth waiting for a dysfunctional Congress to take the first steps.
 

November 4, 2011 - 5:07pm | Filed under: Small Dollar Loans

"Imagine that: when the banks actually disclose a fee to consumers, they have the capacity to vote with their feet—in this case by migrating to competitor banks with a more customer-friendly policy.  This is free market economics at its best."

Facing a hue and cry from...

November 2, 2011 - 6:56pm | Filed under: Telephone Consumer Protection Act

Hate those annoying, usually dinner time, phone calls with a long pause where it seems like there’s no one at the other end?  Then, just before you hang up, you hear the robo-voice on the other end.  A new House proposal – HR 3035 – will likely make this the new norm...

October 28, 2011 - 12:56pm | Filed under: Other Areas of Interest

On October 13, my old friend, and consumer advocate extraordinaire,  Addison Parker was honored at the White House as a "Champion of Change." You can read below, the official "bio" that describes why Add was chosen as an honoree.

October 21, 2011 - 12:57pm | Filed under: Other Areas of Interest

Under the guise of job creation, the Wisconsin GOP has clearly visited the American Legislative Exchange Council’s playbook and are pushing a few anti-consumer bills that will further shield corporations from liability for wrong doing. 

October 7, 2011 - 5:42pm | Filed under: Forced Arbitration

As previously announced, the Senate Judiciary Committee will be holding a hearing on the Arbitration Fairness Act next Thursday October 13th at 2pm in Dirksen 226.  Democratic witnesses include NACA Member Paul Bland, Minnesota AG Lori Swanson and consumer witness, Dr. Deborah Pierce. Republican Witnesses will include: Christopher Drahozel (click here to see his take on Concepcion and the Arbitration Fairness Act) and Victor Schwartz.

October 5, 2011 - 2:25pm | Filed under: Other Areas of Interest

One of the great privileges of my job is the chance I get to meet and befriend some of the best consumer advocates in the country. Last month, one of my favorite people in the world, Norman Lau passed away.

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