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Credit Bureaus Let Wrongdoers Run Amok, Disrupt Mortgage-Seekers

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

In the run-up to the 2006-2007 mortgage bubble that led to the total collapse of our financial system in 2008, the Big 3 credit bureaus sold products known as "trigger lists" that aided sketchy mortgage companies in disrupting consumer transactions. The lists were "credited" with making a bad situation worse. Guess what? Longtime syndicated housing columnist Ken Harney warns: "they're back."

We've been working hard to oppose a bill to weaken the Dodd-Frank Wall Street Reform and Consumer Protection Act. You remember, that's the law passed in the wake of the second-biggest financial collapse in our history, caused by Wall Street recklessness. The bill has massive support from both Wall Street and community banks. S2155 is on the Senate floor this week. It has enough Democratic votes to pass, but consumer champions are fighting back. Read our opposition letter.

Breaking The Cycle Of Debt: Why We Need The Payday Lending Rule

By | Mike Litt
Director, Campaign to Defend the Consumer Bureau

We call them debt traps for a reason: Payday lending has long led to schemes that literally trap consumers in consecutive loans with obscenely high interest rates.

 

Georgia's $2 billion Truck-Only Lanes: A Lesson in Outdated Transportation Planning

By | Matt Casale
Director, Highway Boondoggles Campaign

Like other major highways across the nation, Interstate 75 in the Atlanta metro area is plagued by congestion. And there are good reasons to think that it will get worse, unless there are major changes. Georgia's plan is to expand the highway by building new truck-only lanes. We know from experience that this won’t play out so well. Not only that, other options could solve the problem in a much more environmentally and socially-beneficial way.

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