Sometimes being an advocate also means being a translator; explaining how technical legislation and court decisions impact consumers. It is not always obvious how seemingly benign legal clauses chock full of ‘in the events that,’ ‘heretoforths,’ and ‘in accordance withs,’ can and do have real and often damaging consequences for consumers. This is especially the case with forced arbitration which is favored by large corporations with poor customer service records and a history of unfair or deceptive business practices.
Dear NACA Members,
Financial Reform still needs your help! Issue campaigns are as much about being ready for critical moments as they are about advancing a strategy. This week is that critical moment. One the one hand, consumer advocates are celebrating the one year anniversary of the...
The Consumer Financial Protection Bureau (CFPB) officially opens its doors today. Created by the sweeping Dodd-Frank Wall Street Reform Act last July, the Bureau will serve as the leading federal regulator against deceptive, abusive and predatory loan products in the financial marketplace. One important arm established at the CFPB is the Office of Servicemember Affairs (OSA), which is dedicated solely to helping America's military servicemembers and their families.
One year ago this month, Congress passed sweeping financial reform legislation and created the Consumer Finance Protection Bureau (CFPB) to address fundamental weaknesses in financial regulation and consumer protection.
In two weeks, we will celebrate the one year anniversary of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Despite the enormous opposition from the financial industry, Congress passed this landmark legislation that represents a victory for all American consumers. NACA’s Legislative Unit is dedicating the month of July’s blog posts to celebrating the anniversary of this important law.
A day doesn’t pass without a friend, neighbor, reporter, Congressional or regulatory staffer asking me – so –what are we going to solve the housing crisis?
The decision by America’s highest court, which struck down a gender discrimination lawsuit brought against Walmart by 1.6 million female employees, was sadly no great surprise. In fact, it’s right out of the big business handbook, where week after week Chief Justice Roberts zealously advocates for the rich against the poor; just as a young freshman Senator from Illinois predicted at Justice Roberts’ confirmation hearings.
Have you applied for a job online, tried to purchase a new cell phone, obtained cable service, or checked your credit score online lately? Have you applied for a car loan or health care coverage? If you have, chances are you could not obtain the service, product or job without first signing off on a lot of fine print filled with impenetrable text decipherable only to PhDs.
The growing foreclosure crisis continues to rise as high unemployment rates force homeowners dire financial strits. Unemployment is now seen as a major cause of foreclosures; yet, the Administration's housing programs struggle to provide much needed relief to unemployed homeowner.