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Consumer Protection

• Bank Overdraft Fees to Be Scrutinized by Consumer Bureau February 22, 2012
  The Consumer Financial Protection Bureau said it would look into whether banks misled customers about the fees. […]
• What College Students Need to Know February 19, 2012
  A White House initiative will help shine light on cost and value of colleges and allow families to make informed college choices. […]
• DEALBOOK; The Costs Of Good Intentions February 14, 2012
  Andrew Ross Sorkin Dealbook column on former Federal Reserve Chairman Paul A Volcker's 2,000-word rebuke to critics of the Volcker Rule, part of the Dodd-Frank Act; says Volcker Rule is a noble and thoughtful effort to make the banking system safer following the financial crisis, but that it is a mistake to discount the point critics make about the embe […]
• DEALBOOK; At Volcker Rule Deadline, a Strong Pushback From Wall St. February 14, 2012
  Regulators in charge of writing the Volcker Rule, part of the Dodd-Frank act that bans banks from trading with their own money, are inundated with complaints and suggestions from Wall Street just before the deadline for comments on the draft; more than 200 letters are expected to be filed by the midnight deadline; banks are hoping to soften the impact of the […]
• THE HAGGLER; Tales of U.P.S.'s Missing and Broken February 12, 2012
  David Segal The Haggler column relates that after the overnight shipment of his passport went awry, he heard similar stories from friends about problems with United Parcel Service. Drawings […]
• DEALBOOK; In Finance, Past Hints At Future February 9, 2012
  The Trade column observes that the 2002 Sarbanes-Oxley legislation, for all the criticism it received, helped clean up the epidemic of American corporate accounting fraud; contends that it was attacked almost exactly like the Dodd-Frank financial overhaul law is today. Photo, Drawing […]
• Bankers Keep Fighting Back February 3, 2012
  Telling financial institutions to set aside a larger capital cushion is the best way to avoid another meltdown. […]
• Hurting Poor Borrowers February 1, 2012
  New York has some of the strongest anti-usury laws in the nation, but that could change if a deeply flawed bill pending in the Legislature goes forward. […]
• F.T.C. Fines A Collector Of Debt $2.5 Million January 31, 2012
  Asset Acceptance, which buys old debts and tries to collect on them, has settled a Federal Trade Commission case charging that it deceived consumers. […]
• DEALBOOK; Volcker Rule Stirs Up Opposition Overseas January 31, 2012
  Andrew Ross Sorkin Dealbook column observes that Wall Street's top bankers attending World Economic Forum discover a new ally in foreign governments fighting to end the so-called Volcker Rule, part of the Dodd-Frank financial regulation law; points out the measure is likely to increase borrowing costs for foreign governments, reduce liquidity and make t […]