But banks often add overdraft coverage to consumer accounts without informing them or giving them a choice.
We also commend Chairman Dodd for the financial reform discussion draft he released last week.
We also urge the Senate to enact Senator Dodd's legislation to create the Consumer Financial Protection Agency.
My concern is that if we give a choice in a static environment, where I opened an account 2 years ago and I opted into this thing and I had ...
It seems to me it is----
Today, we meet to discuss another abusive practice--misleading overdraft programs that encourage consumers to overdraw their accounts then s...
That is interesting.
Last week, the Federal Reserve announced that they will require banks to get a customer's consent before enrolling them in an overdraft cove...
This ought to be delegated to a responsible regulatory body to provide the kind of protections.
Shouldn't we today in the 21st century... have responsible people at a responsible regulatory body making these kinds of decisions.
It is a relatively small number of people, and they are people, obviously--I will not say 'obviously,' but primarily people who are in diffi...
For too long, credit card companies made profits by charging consumers outrageous fees, or raising rates whenever they felt like it.
That is exactly the question--it is cumulative? That's the number available now?
Again, we're talking about--our priority populations here are pregnant women, children, and the elderly.
I wish he could have been here today to help make this case. He cared very deeply about this issue.
Now, one of the issues I've heard raised is that, in some of these countries, the political community have passed legislation prohibiting th...
It would save employers money, encourage productivity, and help boost the economy.
I encourage my colleagues to pay close attention to this health crisis.
