REINING IN WALL STREET Blog Posts

CFPB to possibly end $39 lattes

By | Ed Mierzwinski
Consumer Program Director

Today, CFPB to announce overdraft fee investigation, unveil "penalty box" disclosure, possibly end $39 lattes.

Kudos to President Obama for standing up for consumers this week by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau.  The President’s action means that the CFPB now has all its powers to protect the public from unfair financial practices, whether by banks or other financial firms, such as payday lenders and credit bureaus.

Without the influence of large-scale speculative trading on oil in the commodities futures market, the average price of gasoline at the pump in April would have been $3.13 rather than $3.96.

Wall Street Reform Floor Fight

By | David Rosenfeld
Executive Director

We look forward to a televised floor fight where the question Senators will need to answer is simple: ‘Are you for Wall Street, or Main Street?’

PRIORITY ACTION

Every year, our tax dollars pay for enough corn syrup and other junk food additives to buy 2.8 million Twinkies. It's time to stop subsidizing obesity.

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