The new financial reform bill calls for the creation of the Bureau of Consumer Financial Protection. Once the Bureau is created, it will regulate a wide variety of consumer financial services. We hope that the reform bill will protect consumers with limited access to credit and not just consumers of traditional bank products. The leader… Read more…
On May 20, 2010, the Senate passed sweeping legislation to tighten the rules governing the U.S. financial industry. The bill calls for new regulations aimed at making the failures that led to the 2008 financial crisis less likely in the future. Though it’s not the final bill President Obama will sign, the reforms are intended… Read more…
Last Thursday I did a live radio interview on National Public Radio (NPR). I was excited to have the opportunity to share your views—the views of American consumers who actually use short term credit options such as payday loans and check cashing. These short term loans are sometimes the best option or solution in a… Read more…
