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Financial Reform

News Release
9/21/2010
Posted by Consumer Watchdog
Call To Get The Change We Voted For And Focus Anger On Corporate Abuses New York, NY – Consumer Watchdog and Jamie Court, author of The Progressive’s Guide to Raising Hell (Chelsea Green Publishing – September 15), are now airing a JumboTron advertisement in the largest public square in America. The ad questions whether the Tea...
Blog Post
9/21/2010
Posted by Consumer Watchdog
The initial apoplectic furor of opponents of the new consumer financial regulator - the Bureau of Consumer Financial Protection - at President Obama's appointment of Elizabeth Warren to serve as an advisor to the president whose job will be to get the bureau running has shifted gears. Naysayers (those opposed to a consumer regulator from the start...
News Story
9/20/2010
Posted by Consumer Watchdog
Click here to view the video of this broadcast. President Barack Obama has put a lot of power over the nation's credit markets into the hands of an old friend.  Elizabeth Warren has been named the new so-called consumer protection czar and is being touted as the answer to runaway Wall Street practices. But some in Congress say they're being...
News Story
8/16/2010
Posted by Consumer Watchdog
OLDWICK, N.J. -- Certain life insurance agents and broker-dealer firms could face increased legal liability depending on how the U.S. Securities & Exchange Commission rules on the fiduciary standard pertaining to the sale of investment products. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, signed into law on...
Blog Post
7/22/2010
Posted by Consumer Watchdog
I flew back to Los Angeles this week to touch base with colleagues in CW's Santa Monica office, and sit on a panel discussion about the financial reform package at Town Hall Los Angeles. It couldn't have been better-timed. The panel - planned months in advance - was the day before President Obama signed the bill. I joined an SEC regulator,...
Video
7/22/2010
Posted by Consumer Watchdog
Consumer Watchdog's Doug Heller discusses the potential benefits of the newly signed into law financial regulation and overhaul.
News Story
7/19/2010
Posted by Consumer Watchdog
Reporting requirements will give consumers more details on loans, mortgages. It may be quite a while before consumers feel the effects of the newly passed federal financial reform legislation. Once President Barack Obama signs it into law this week, federal bureaucrats will need months to write detailed rules and restructure the alphabet soup of...
News Release
7/15/2010
Posted by Consumer Watchdog
Washington, D.C. – Consumer Watchdog applauded final Congressional passage today of the Wall Street Reform and Consumer Protection Act, which now heads to President Obama for his signature.   “Nearly two years after the financial crisis brought the nation’s economy to its knees, this bill is a critical first step toward...
News Story
7/2/2010
Posted by Consumer Watchdog
Agency must provide outline of authority, merge lending laws WASHINGTON - While passing a bill that would create a consumer protection agency has proved challenging enough, that task may pale in comparison to actually setting up the new regulator. The regulatory reform bill lays out an ambitious agenda for the Consumer Financial Protection Bureau...
Blog Post
7/1/2010
Posted by Consumer Watchdog
As Angelides pounds the gavel and adjourns the hearing, there is one question that is yet to be resolved amongst the Commission: How much of the crisis can be attributed to overarching regulatory deficiencies and how much of it can be attributed to poor risk management and incompetence by individual firms? Or are these two inextricably...