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Blog Post | Ed's Blog

FTC settles claim with Rx monopolist CVS Caremark | Ed Mierzwinski

Last week, the Federal Trade Commission announced (news release) that CVS Caremark Corporation (pdf of the complaint) will "pay $5 million to settle Federal Trade Commission charges that it misrepresented the prices of certain Medicare Part D prescription drugs – including drugs used to treat breast cancer symptoms and epilepsy – at CVS and Walgreens pharmacies."

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Blog Post | Ed's Blog

WSJ: Bank of America Ponders Retreat | Ed Mierzwinski

Today's Wall Street Journal offers the story "Bank of America Ponders Retreat." It discusses a BofA emergency plan for retrenchment that would include further branch shrinkage than currently-expected reductions.

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Blog Post | Ed's Blog

Free tax prep at Walmart? It isn't really free, for some 84% or so of you | Ed Mierzwinski

I've been quoted recently (Reuters via Baltimore Sun)  warning consumers that getting your taxes done for "free" in an HR Block kiosk at Walmart and then getting your tax refund on a Walmart prepaid card comes with pitfalls, including (1) fees and (2) the chance that you'll just dump the money on the card into impulse purchases at Walmart, which "is not your friend."

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Blog Post | Ed's Blog

Professor's paper on "Industry's Misguided Quest to Undermine the CFPB" | Ed Mierzwinski

Last fall, U.S. PIRG co-hosted, with Americans for Financial Reform and the Consumer Federation of America, an academic symposium featuring a discussion of a forthcoming paper by Professor Art Wilmarth of George Washington University Law School,  perhaps the nation's leading bank law scholar. I am pleased to report that a close-to-final draft of Professor Wilmarth's paper -- The Financial Services Industry’s Misguided Quest to Undermine the Consumer Financial Protection Bureau -- is now available for review at the AFR website and will be published in the Spring 2012 issue of the Review of Banking and Financial Law at Boston University Law School.

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