Consumer Federation Of America

Consumer Federation Of America News

  • Obama Picks Two U.S. Senate Aides as Next SEC Commissioners

    Kara M. Stein and Michael S. Piwowar, both senior U.S. Senate aides, were nominated today by President Barack Obama to join the Securities and Exchange Commission.

  • Save Yourself!

    March 1, 2013 - In a Saturday Night Live skit from several years ago, a TV pitchman played by Chris Parnell claims to have the solution for a couple (played by Steve Martin and Amy Poehler) stressed out by credit card debt. "I developed this unique new program for managing your debt," he says, handing Poehler a booklet. "It's called: "Don't Buy Stuff You CANNOT Afford."

  • What's in a Credit Score? Few Know.

    (Corrects statement that some employers use credit scores in hiring decisions; some use credit reports.)

  • SEC’s White Said to Push for Lifting Ban on Hedge-Fund Ads

    U.S. Securities and Exchange Commission chairman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors, according to two people familiar with the matter.

  • Target-Date Fund Rule Revisions Urged by SEC Advisory Committee

    The U.S. Securities and Exchange Commission’s Investor Advisory Committee adopted recommendations today asking the agency to rewrite its proposed rule on target- date retirement funds.

  • Warren Says Consumer Bureau Foes Protect Profits for Bad Actors

    U.S. Senator Elizabeth Warren, who set up the Consumer Financial Protection Bureau before seeking office, said Republicans preventing a vote on Richard Cordray as the agency’s director are “keeping the game rigged.”

  • Hate Follows When the Police Try to Do Their Job

    It’s a lousier time than usual to be a lowly member of the investing public looking for protection from the sharks of finance.

  • Foodborne Outbreaks Falling Short of U.S. Reduction Goals

    The U.S. is falling short of goals to reduce salmonella, listeria and campylobacter outbreaks, foodborne pathogens that contribute to 48 million illnesses a year, according to preliminary government data for 2011.

  • Bank Tax Credits, Cartel Fines, PVM Oil: Compliance

    JPMorgan Chase & Co.’s efforts to hide trading losses, outlined in a Senate report yesterday, probably will ignite debate over whether the largest U.S. bank is too big to manage and ratchet up pressure on Chief Executive Officer Jamie Dimon to surrender his role as chairman.

  • Schapiro SEC Reign Nears End With Rescue Mission Not Done

    What Mary Schapiro considered her most important task had just run aground, a symbol of the aspirations and missed opportunities of her tenure as head of the U.S. Securities and Exchange Commission.

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