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Media Hit | Financial Reform

Property Trax: 10 reasons advocates say Wisconsin residents need new Consumer Financial Protection Bureau

Even as Congress and the Obama Administration continue to argue over its powers and leadership, the Consumer Financial Protection Bureau began its work as top cop for all consumer finance matters, including mortgages, on July 21.

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Media Hit | Financial Reform

Capital Times: Congress must stand up for consumers

The failure of the current bank regulators to stop predatory lending and other reckless Wall Street practices is widely recognized as a primary cause of the 2008 mortgage meltdown that triggered the current recession. For years leading up to the 2008 financial collapse, federal bank regulators ignored numerous warnings of increasingly predatory mortgage practices, credit card tricks and unfair overdraft policies used by banks. The banks were earning billions from “gotcha” practices. Incredibly, bank regulators actively encouraged this behavior, arguing it was profitable and kept banks safe.

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News Release | WISPIRG | Financial Reform

New Consumer Agency Takes Over Thursday as Nation’s Consumer Bank Cop; Industry Mounts Opposition to Bureau and Any Nominated Director

Leading consumer groups today announced the results of a poll showing that an overwhelming majority of likely voters both support a new consumer agency (74%) and want Wall Street held “accountable” (77%), along with a report documenting “10 reasons” consumers need the new Consumer Financial Protection Bureau. 

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Report | WISPIRG Foundation | Financial Reform

10 Reasons We Need the CFPB Now

The report documents that while the failure of federal regulators to prevent predatory mortgage lending is well known, it is less well-known that federal regulators also failed to stop unfair credit card tricks, overdraft fee schemes and the growth of triple-digit APR and payday loans, which are now imposing a crushing financial burden on many families.

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Media Hit | Budget

Milwaukee Journal Sentinel: More details of state spending coming to website

Lost in the controversy over the state budget was a proposal to make the state disclose vast amounts of new information about how it spends taxpayers' money.

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