Blog

OCC To Payday Lenders: "We don't want you here (paraphrase)."

Tuesday, July 24, 2012

Consumer Program Director

Good news from the Office of the Comptroller of the Currency, the nation's national bank safety regulator, which in testimony today rejects a proposal by payday lenders to hide out at the OCC to avoid regulation by the CFPB or states. The OCC says it doesn't want to charter payday lenders, because they are "focused on consumer credit products of the very nature and character that the OCC has found unacceptable."

Consumer Protection

Everyone is Hopping Mad About the Farm Bill

Friday, July 20, 2012

By | Nasima Hossain

Public Health Advocate

Earlier this month, the House Agricultural Committee passed its version of the Farm Bill with a 35-11 vote. It was greatly anticipated, as the country needs a fair and common sense bill that cut wasteful spending. In years past, the Farm Bill has given out tens of billions in taxpayer dollars to large, mature agribusinesses, and subsidized commodity crops that are often processed into the junk food ingredients fueling the obesity epidemic.

Food

For its own first birthday, CFPB sends gifts to consumers

Friday, July 20, 2012

By | Ed Mierzwinski

Consumer Program Director

Tomorrow, Saturday, July 21, the Consumer Financial Protection Bureau turns one year old. To celebrate its own birthday, the CFPB sent consumers some gifts this week.

Consumer Protection

Corporate crime wave! Do any big banks make money by earning it?

Thursday, July 19, 2012

By | Ed Mierzwinski

Consumer Program Director

The CFPB/OCC settlement with Capital One for deceiving credit card customers into purchasing junky ripoff add-ons comes hard on the heels of revelations that other banks have been caught or are being investigated for LIBOR bid rigging, mortgage discrimination and aiding money launderers. Do any big banks earn money by offering innovative, fair and sustainable products anymore?