Ed's Blog

After House passage of the mislabeled Jobs Act, action shifts to to the Senate in a misguided, PIRG-opposed bi-partisan effort to weaken investor protection laws. SF Chronicle financial columnist Kathleen Pender and the NY Times ed board both rip the idea. While Congress appears trapped in a zombie-like fugue state, pretend zombies led by Iowa PIRG (WHO-TV Des Moines) marched against nuclear power this weekend. All this and more consumer  news of the week, in case you missed it.

Consumer fraud summit today will be webcast

By | Ed Mierzwinski
Consumer Program Director

UPDATE: LINK TO C-SPAN WEBCAST ARCHIVE (My PANEL here and entire event here.)

In times of financial calamity, fraudsters come out to take your last dollar. This afternoon U.S. Attorney General Eric Holder will host a consumer financial fraud summit (agenda) at Georgetown Law School near Union Station bringing together enforcers from the DOJ, FTC, state agencies and consumer groups. I'll be on a panel discussing business opportunity frauds. Other panels will be on elder fraud and tax scams. The event is free and open to the public and will be webcast.

Has Congress Forgotten Enron, Dutch Tulip Bubble Scandals?

By | Ed Mierzwinski
Consumer Program Director

A misnamed package of legislation to weaken investor protection laws -- the so-called Jobs Act -- is speeding through the House this week. While some Senators are for parts of the package, the Senate is taking a closer look at whether rolling back the landmark investor protections known as the Sarbanes-Oxley Act enacted after the Enron and related accounting scandals is really the way to go.

Some interesting consumer news of the week, in case you missed it

By | Ed Mierzwinski
Consumer Program Director

An occasional update featuring important consumer stories you may have missed this week. This week, Occupy Wall Street joins clarion call for CFPB to reform the credit bureaus...Leading consumer columnist Michelle Singletary calls Google's practices "creepy"...Massachusetts official says "take state's money out of banks that don't comply with state laws requiring free accounts for young/old...FCC wants comment on cellphone shutdowns that affect First Amendment rights...and more.

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