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Have Banker Deregulation Demands Jumped the Shark?

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

When a tired TV show desperate for viewers goes over the top with wacky plots, it is said to have "jumped the shark." Unfortunately, even after the Wells Fargo debacle and even as bank profits return to record levels, the "viewers" of bank deregulation demands -- members of Congress -- still have an unslaked appetite for over-the-top, outrageous proposals to take consumer and financial system safety cops off the bank beat. Meanwhile, the public -- by wide, non-partisan margins, wants to keep the cops on the beat.

The End for "Rent-A-Tribe" Payday Lending Schemes?

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

This month, Scott Tucker, a payday lender who used his proceeds to fund a LeMans racing team, was sentenced to 16 years in jail on federal racketeering and other charges.   Last fall, his former business partner Charles Hallinan, known as the Philadelphia Main Line "godfather" of payday lending, was also convicted of federal racketeering charges. Tucker and Hallinan's main business model? Their claim that their payday loan enterprises were for the benefit of Native American tribal partners and therefore subject to tribal immunity. The authoritative public interest law firm Public Justice speculates: "Tribal Immunity" may no longer be a Get-Out-of-Jail Free Card for payday lenders." It's about time.

A Year In Review: Progress Getting Toxic Chemicals out of Personal Care Products

By | Dev Gowda
Director, Campaign for Toxic-Free Products

In the past year, we’ve seen a lot of progress to get toxic chemicals out of personal care products and to convince companies to disclose fragrance ingredients. Consumers are at the forefront of making that happen, and I’m proud that we’ve been able to harness consumer preferences and push several companies to do better.

Our Children’s Cosmetics Should Be Safe

By | Dev Gowda
Director, Campaign for Toxic-Free Products

When a parent buys something for their child, they shouldn't have to worry about whether that product contains harmful chemicals. Parents assume items on store shelves are safe, and expect that we already have regulations in place to protect kids. But at the start of 2018, national children's retailer Claire's issued a recall of nine makeup products after testing by a law firm found they may contain cancer-causing asbestos fibers.

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