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.
Blog Archive 2011
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.
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...
"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...
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.
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.
When I heard about S & P downgrading U.S. credit - only one thought came to my mind - you've got to be kidding me!! Isn't this the same company that threatened to downgrade or refuse to even rate mortgages in states that had the audacity to try and prevent the predatory lending crisis that we all saw coming. And isn't this the brilliant agency that gave AAA ratings to mortgages that weren't safe enough to use at the bottom of a bird cage.
As referenced in an earlier NACA blog post, we know that young military servicemembers often fall victim to predatory auto loans, many of whom are buying their first car and managing regular paychecks for the first time.
A debt collector cannot tell family, friends, neighbors, or co-workers about your debt or that they are trying to collect a debt from you.