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Financial Reform

News Story
5/4/2010
Posted by Consumer Watchdog
Privacy advocates and business groups drew early battle lines on Tuesday in the debate over a new bill to rein in Web advertisements that are based on consumers’ online shopping habits and Internet browsing histories. It took only hours for those industry leaders to question the size and scope of that new effort, spearheaded by Reps. Rick...
News Story
5/4/2010
Posted by Consumer Watchdog
The quest for comprehensive, federal privacy legislation has been on many a lawmakers’ wish list for years, and two House members took the next step this week with the release of draft legislation that would require opt-in access to sensitive online data, an expectation of privacy regarding third-party apps, and easily accessible privacy...
News Story
5/3/2010
Posted by Consumer Watchdog
With behavioural targeting and privacy becoming hot internet issues, a coalition of consumer and privacy advocacy groups is taking their fight for online rights to Capitol Hill.  Their joint letter to Congress, ahead of an impending bill, warns that the “tracking and targeting of consumers online have reached alarming levels.”...
News Story
5/3/2010
Posted by Consumer Watchdog
Sen. Jeff Merkley (D-Ore.) is leading an effort to ensure state insurance regulators keep strong powers under Wall Street overhaul legislation. Consumer Watchdog, U.S. PIRG (Public Interest Research Group), Public Citizen and the powerful National Association of Insurance Commissioners (NAIC) are backing Merkley's amendment and calling on...
Feature
4/27/2010
Posted by Consumer Watchdog
UPDATE: The Wall Street filibuster of financial reform was broken Wednesday night. Now the Senate moves to a full and open floor debate - where the public will expect Senators to take a stand against bank lobbyists' efforts to weaken reform. Consumer Watchdog has called for a full and open debate on the Senate floor on financial reform. That means...
Blog Post
4/26/2010
Posted by Consumer Watchdog
The GOP has put more energy into filibustering reform than it has spent legislating all year. Friends of Wall Street are gearing up to use their favorite maneuver again tonight, this time to block action on the Senate's Wall Street reform bill. But opponents of reform have it wrong if they think the public will stand for the status quo instead of...
News Story
4/21/2010
Posted by Consumer Watchdog
Consumer groups and state insurance commissioners are fighting broad powers granted to the Treasury Department in the Senate's financial regulatory bill to negotiate international insurance agreements they argue could undermine consumer protections.   The proposal also would cut Congress out of such international negotiations, drawing flak...
Blog Post
4/16/2010
Posted by Consumer Watchdog
Senate Republican Leader Mitch McConnell was asked directly if his strident opposition to financial reform was because he is acting on behalf of big banks. His ringing denial? “I’d say that’s inaccurate.” Really Mitch? Politicians are usually at their loudest and most passionate when denying charges of corruption. The best...
Blog Post
4/14/2010
Posted by Consumer Watchdog
President Obama is meeting with Congressional leaders right now about Wall Street reform. He should use this week's revelations about the depth of existing bank regulators’ failure to crack down on a Washington Mutual business model built on predatory consumer lending to urge lawmakers to commit to an independent consumer financial regulator...
Blog Post
4/7/2010
Posted by Consumer Watchdog
Tucked away in some early reports about a possible GOP deal on creation of a stand-alone consumer protection agency is a hint of what could be traded away in exchange--tough regulation of the kind of speculative, unregulated financial trading that crashed the economy in the first place. The whole story is not much above gossip level yet. But Sen....