Fights over tribal payday lenders show challenges of financial reform

By Michael Hudson and David Heath

High-interest payday lenders are teaming up with Native Americans to shield their online businesses from lawsuits and consumer-lending regul

Excerpts from this story referencing "Oklahoma":

"… vance from Ameriloan, which claims a relationship with the Miami Nation of Oklahoma.When she found she couldn’t keep up with the payments on the loans, Felt …"

"… Indian tribes, the Santee Sioux Nation of Nebraska and the Miami Nation of Oklahoma, intervened in the case, claiming that they actually owned the businesses. …"

"… rnia judge that it was an “economic subdivision” of the Miami Tribe of Oklahoma and that it used Ameriloan and US Fast Cash as trade names in its payday l …"

"… known for Tribe’s Lending ArmSurrounded by flat farmland in northeastern Oklahoma sits a modern brick and stone building where the Miami Nation conducts its …"

Mutual fund champion on short list for SEC investor advocate

By Jeremy Borden

As the Securities and Exchange Commission considers who will lead a new office giving Main Street investors a bigger megaphone within the ag

Excerpts from this story referencing "Consumer Federation of America":

"… of the Dodd-Frank law.Barbara Roper, a financial services expert with the Consumer Federation of America, said in an e-mail that Bullard’s qualifications “would be hard to bea …"

Small investors to get bigger megaphone at SEC

By Jeremy Borden

For the average Main Street investor, the roots of the 2008 financial collapse remain murky. The impact, though, was not: houses foreclosed,

Excerpts from this story referencing "Consumer Federation of America":

"… e there is not yet a short list of names for the job, Barbara Roper of the Consumer Federation of America says the SEC must choose someone who is credible and not a “fake investo …"

"… interests of their clients.A survey released last month, conducted by the Consumer Federation of America and other groups, showed that Americans usually don’t know the differenc …"

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Customers close accounts to protest Wall Street, abusive lending practices

Angry at Wall Street over the financial crisis and consumer credit practices seen as predatory, some consumers have opted to close their acc

Excerpts from this story referencing "bank":

"… -friendly building supply company was the credit freeze that paralyzed the banking system and the nation in the fall of 2008.“Once the economy melted do …"

"… se a home equity line of credit to retrofit their homes were told by their banks that they didn’t have that credit anymore.”His business, called a.k.a …"

"… er, but closed its doors for good in 2009.Dalyrmple said he blames the big banks and their political enablers for credit freeze that killed his business. …"

"… with JPMorgan Chase & Co., his longtime lender, and moving all of his banking assets to a regional Arizona bank with no link — as far as he knows …"

Rating agencies fight (and lobby) for survival

In recent months, the credit rating agencies have spent hundreds of thousands of dollars to delay new restrictions under the Dodd-Frank Act,

Excerpts from this story referencing "bank":

"… ing alternative methods. This rule change, once adopted, effectively frees banks from having to pay one of the designated agencies to rate their products. …"

"… rule erasing mention of the agencies from federal regulations. Regulators, banks, and even consumer advocated have cautioned against making the changes un …"

"… r assessing the value of financial products are developed. They worry that banks may avoid state and corporate debt because proving the value of those ass …"

"… out what alternatives to credit ratings could be used in capital rules for banks. …"

Elizabeth Warren's hands tied in payday lending oversight

The new Consumer Financial Protection Bureau is given broad powers to regulate non-traditional financial institutions. But it can't cap the

Excerpts from this story referencing "Consumer Federation of America":

"… s about the lending laws in your state? Check out this nifty tool from the Consumer Federation of America. …"

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Reform reading: SEC delays whistleblower office, citing budget

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "Consumer Federation of America":

"… idence in the financial system as a whole,” Bair said in a speech at the Consumer Federation of America’s annual financial services conference.Under the Dodd-Frank law, payday …"

Reform reading: FDIC says banks should relax overdraft fees

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "Consumer Federation of America":

"… s with low balances.Earlier this week, Financial Reform Watch reported the Consumer Federation of America’s call for the Fed to step in and stop banks from manipulating payment o …"

Reform reading: Credit ratings hard to replace, overdraft fees criticized

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "Consumer Federation of America":

"… ailable funds,” says Jean Ann Fox, director of financial services at the Consumer Federation of America. She wants the Fed to step in and stop banks from manipulating payment ord …"

A listening tour? It worked for Hillary

By Julie Vorman

What’s on Elizabeth Warren’s to-do list now that she’s a White House adviser helping to launch the Consumer Financial Protection Bureau? Th

Excerpts from this story referencing "Consumer Federation of America":

"… use adviser helping to launch the Consumer Financial Protection Bureau?The Consumer Federation of America suggests a strategy that worked well for another Democratic woman who was …"

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