News

2017

July

21

• Trump administration cancels hundreds of Obama-era regulations. The White House has frozen or withdrawn hundreds of planned rules, a move aimed at bolstering the economy but that scraps proposed protections for workers and the environment.

20

• Consumer Action opposes Congress's attack on class actions. Members of both the U.S. House and Senate took a hatchet to consumer protection today by introducing Congressional Review Act (CRA) resolutions to repeal the Consumer Financial Protection Bureau’s (CFPB) recent arbitration rule. The rule restores…

• Hiring a bank lawyer to attack CFPB bank rules. President Trump and Republicans in Congress have broadcast their every intention to gut the Consumer Financial Protection Bureau. The president’s budget attempted to defund it and leading Republicans have called for its director to be…

• Voters support CFPB, strict financial regulation. As Republicans push to overhaul Dodd-Frank, a new poll shows that voters favor strict regulation of financial institutions and the goals of the controversial CFPB. “By wide margins, voters want to see tough oversight of…

19

• Progressives revive attacks on Wall Street in health care's wake. When it comes to Wall Street regulations, congressional Democrats have spent the year playing defense. But as the seventh anniversary of the Dodd-Frank Act approaches Friday, a coalition of progressive groups is pushing the party…

• Judge orders Quicken Loans to pay $11 million in fines and damages. Quicken Loans arguably has the mortgage industry’s most squeaky-clean image — named by J.D. Power as No. 1 in home loan customer satisfaction for seven years in a row and No. 1 in loan servicing…

18

• Millennials are broke because they're making choices out of order. A record 55 percent of millennial parents have had children before getting married — compared to 25 percent of the youngest baby boomers who did the same — and the trend could be costing them.

13

• New rule bans restrictive arbitration clauses in bank contracts. If you have a bank account, chances are your bank has a contract clause that requires you to go through arbitration if you feel you've been harmed by company practices. As the CFBP's website video…

12

• If the CFPB is dying, at least it's going out with a bang. Congress created the CFPB in 2010 as part of its response to the reckless and predatory practices that caused much of the global financial system to crash, bringing many countries’ economies down with it. If…

• Miles rechazan recortes de Trump de casi 7.000 millones en vivienda social. Miles de personas llegadas de todas las partes del país rechazaron hoy, en una protesta a un par de calles del Capitolio de la capital federal, los recortes anunciados por el presidente, Donald Trump, de…

11

• Black homeowners struggle as US housing market recovers. The nation's homeownership rate appears to be stabilizing as people rebound from the 2007 recession that left millions unemployed and home values underwater, according to the report by Harvard University's Joint Center for Housing Studies.…

10

• Asian scammer was arrested for posing as landlord (Chinese). (本報記者)杭亭頓灘市(Huntington Beach)警局在其臉書社交平台公布，當局已逮捕一名涉及假出租真詐財的亞裔嫌犯。該名男子涉嫌在網路平台Craig’slist上刊登租屋廣告，於收取多名租客「訂金」後潛逃。受害人一直到搬家那天才發現遭到詐財，該名男子根本沒有該物業的所有權。  

07

• Sliding from the upper middle class to medicaid. While many people don’t realize it until well into old age, it is Medicaid, not Medicare, that pays for most nursing home and community or home-based care for older adults who run out of money.

06

• FTC, realtors warn homebuyers about mortgage closing cost scam. Hackers find a way to get into the email accounts of homebuyers, real estate agents, or realtors. Then, they use that access to obtain information about upcoming real estate transactions. The email tells the homebuyer…

05

• Mi informe de crédito tiene errores ¿Cómo los corrijo?. Es importante que el informe sea fidedigno y refleje su historial de crédito porque eseo depende buena parte de su vida financiera Uno de los documentos más cruciales, para bien o para mal, de un…

04

• Republicans side with banks over consumers. Faced with a choice between helping their constituents or helping themselves to a campaign donation haul, House Republicans are siding with deep pockets.

• Seven investments to help you get top-dollar in a home sale. Preparation is a critical element of success. When listing your home in a very competitive real estate market, being properly prepared for a broad spectrum of home buyers’ demands should be the top priority of…

03

• Program to spur low-income housing is keeping cities segregated. In the United States’ biggest metropolitan areas, low-income housing projects that use federal tax credits - the nation’s biggest source of funding for affordable housing - are disproportionately built in majority nonwhite communities. What this means, fair-housing…

01

• Consumer Action INSIDER - July 2017. The July 2017 issue of Consumer Action's monthly newsletter updates readers on a Washington, DC awards dinner honoring leading consumer privacy advocates; describes a Consumer Financial Protection Bureau roundtable on existing financial protections for servicemembers and veterans; gives advice on what to do if you are concerned your lawyer is engaging in ethical violations or malpractice; and more.

June

30

• Wells Fargo's scandals just won't die. The thing about scandals in the Information Age is that they just won’t die. Look no further than Wells Fargo.