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."
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.
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.”
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.
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.