Tag: Consumer Protections

The 111th Congress is off to a strong start, working with President Obama to take America in a New Direction, to turn our economy around and create good jobs, with common sense reforms and targeted investments in: affordable health care, clean energy… Continue

A report from the Government Accountability Office (GAO) this year found that the Pentagon's 96 largest acquisition programs had cost overruns of $296 billion and were on average 22 months behind schedule — $296 billion is more than the amount spent on… Continue

Tonight, the Energy and Commerce Committee approved the American Clean Energy and Security Act (HR 2454) after four days of debating the bill: Building on the energy provisions in the American Recovery and Reinvestment Act, which included doubling renewable energy production, renovating… Continue

This afternoon, the President signed two bills the House passed this week – the Helping Families Save Their Homes Act and the Fraud Enforcement and Recovery Act. The Helping Families Save Their Homes Act(S.896) builds on the President's housing initiative, to provide… Continue

This afternoon, the House passed the final version of the Credit Cardholders' Bill of Rights (H.R. 627) by a vote of 361-64–leveling the playing field between card issuers and cardholders by applying common-sense regulations that would ban retroactive interest rate hikes on… Continue

Mortgage fraud has reached near epidemic levels — with FBI mortgage fraud investigations more than doubling in the last three years. Corporate frauds, like the $65 billion Ponzi scheme perpetrated by Bernie Madoff, are being uncovered as the economy has worsened, exposing… Continue

Today, the House passed the Mortgage Reform and Anti-Predatory Lending Act (H.R. 1728) by a vote of 300-114. This legislation responds to the subprime mortgage crisis by instituting much needed reform — stopping the kinds of predatory and irresponsible mortgage loan practices… Continue

This afternoon, the House passed the Fraud Enforcement and Recovery Act of 2009 by a vote of 367-59-1. The bill protects taxpayers by giving the Justice Department more tools to fight fraud in the use of TARP and recovery funds, and increases… Continue

Today, the House passed the Credit Cardholders' Bill of Rights Act (H.R. 627) by a vote of 357-70. In 2008, credit card issuers imposed $19 billion in penalty fees on families with credit cards and this year, card companies will break all… Continue

In his inaugural address to the nation on January 20, 2009, President Barack Obama declared from the steps of the U.S. Capitol, “The state of our economy calls for action: bold and swift. And we will act not only to create new… Continue