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As Jazz Shaw pointed out earlier, the chairman of the Consumer Product Safety Commission issued a statement yesterday directly contradicting something that has been said Monday by one of the CPSC’s board members. Monday’s statement, which was part of an interview, indicated that the board was looking at banning gas stoves. Yesterday’s statement said they definitely were not.In between those two statements there was all sorts of activity from those who supported the gas stove ban and from those who opposed it. But the key point here is that a member of the government body with regulatory control over gas...

A coalition of 19 state attorneys general from across the country launched a formal investigation into six major U.S. banks last week citing legal concerns about banks’ “ESG” investing and their involvement with a United Nations alliance fighting CO2 emissions.The banks “appear to be colluding with the U.N. to destroy American companies” and undermine the nation’s best interests, one of the AGs warned in a statement e-mailed to The Epoch Times.Another AG argued that these U.N.-inspired banking policies were resulting in jobs being sent to communist China as the regime there continues building coal-fired power plants to ensure low-cost, reliable...

Since my election, the United States economy has experienced a historic revitalization. Americans across our country have been the beneficiaries of and the driving force behind this extraordinary resurgence. Wages are growing at their fastest rate in a decade; the unemployment rate has reached its lowest level in half a century; and for the first time on record, there are more job openings than unemployed Americans. The vitality of our economy has led to high levels of consumer confidence. Even as we grow more prosperous, however, we must remain vigilant for bad actors seeking to harm and exploit honest and...

ItÂ’s an agency that you wouldnÂ’t think would be in the news much, but the Consumer Financial Protection Bureau became another front in the war against the Trump administration for the Left. Now, acting director Mick Mulvaney has just fired the entire 25-member advisory board, which was starting to criticize the front office. Last night, Mulvaney told its members that they were being replaced. YouÂ’re fired, as Trump would say. ItÂ’s a purge, some late spring-cleaning but one that could bring this administration into conflict with congressional Democrats (via WaPo): Mick Mulvaney, acting director of the Consumer Financial Protection Bureau,...

Complete title: Consumer Protection Financial Bureau Director Richard Cordray Doubted Constitutionality of His Own Appointment, Documents Uncovered by Judicial Watch Show “There is a chance…that the appointment would be invalidated by a court.” Cordray Told Staff His Short Stint “should give to each one of us…a fierce urgency to accomplish the work we are doing together.” (Washington, DC) –Judicial Watch, the organization that investigates and fights government corruption, announced today that it has obtained documents from the Consumer Financial Protection Bureau (CFPB) that indicate the agency’s director, Richard Cordray, doubted the constitutionality of his own appointment. On January 4, 2012,...

In the midst of the administration’s efforts to drastically reduce the nation’s military personnel and hike pay for government employees comes this gem: the Consumer Financial Protection Bureau, the new director of which was unconstitutionally appointed by President Obama on Wednesday, is prepared to pay a salary of more than $100,000 for an employee to assist in planning bureau events. According to a job listing on USAJobs.com, the federal government’s official employment classifieds site, the CFPB is seeking an “invitations coordinator” to “support management of CFPB’s participation in external events by developing and maintaining databases and event calendar and providing...

Around one million Britons have taken out a payday loan to pay their mortgage or rent over the last 12 months, a survey reveals. It highlights the financial squeeze facing workers who are being pushed over the edge by soaring household bills, rising taxes and paltry pay rises, or pay freezes. The report, from the homeless charity Shelter, said a further six million people are being plunged into debt in other ways in order to pay these essential bills. They are using unauthorised overdrafts, personal loans or credit cards to pay their housing costs - rather than face being evicted...

WASHINGTON (AP) — President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a new consumer financial protection bureau that was a central feature of a law that overhauled banking regulations. Obama plans to announce the nomination formally on Monday, the White House said in a statement Sunday. Republicans immediately threatened to block his Senate confirmation. In choosing Cordray, Obama bypassed Elizabeth Warren, a favorite of consumer groups, who has been assembling the agency as a special adviser to the White House and to Treasury Secretary Timothy Geithner. The agency will officially begin its oversight and...

In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination, according to court documents reviewed by IBD. [snip] Another Reno protege, Perez has compared bankers to Klansmen. Only difference is, he said, bankers discriminate "with a smile" and "fine print." He said this kind of racism, though more subtle, is "every bit as destructive as the cross burned in a neighborhood." Perez has put...

Rep. Michele Bachmann, R-Wis., plans to introduce legislation repealing the Dodd-Frank financial services law, calling it “misguided” and a “blatant abuse of power.” A key criticism by Rep. Bachmann is a provision in the law that allows the federal government to take over failing non-bank institutions, such as American International Group, according to Rep. Barney Frank, D-Mass., former chairman of the House Financial Services Committee and a prime architect of the legislation. In a statement, Rep. Frank said another key objection to the legislation by Rep. Bachmann and her conservative supporters is the creation of the independent Consumer Financial Protection...

Bank of America will begin testing a new slate of checking accounts in Massachusetts and two other states later this month in an effort to generate more revenue from customers.......... A second new account, called “Premium,’’ will cost $15 a month unless customers either maintain a $5,000 minimum balance, use a Bank of America credit card at least once a month, or add $2,000 to the account every month. A third new account, labeled “Enhanced,’’ will cost $25 per month unless holders maintain at least $20,000 in deposits and investments in certain accounts or link their accounts to a Bank...

A WSJ Investigation finds that iPhone and Android apps are breaching the privacy of smartphone usersFew devices know more personal details about people than the smartphones in their pockets: phone numbers, current location, often the owner's real name—even a unique ID number that can never be changed or turned off. These phones don't keep secrets. They are sharing this personal data widely and regularly, a Wall Street Journal investigation has found. An examination of 101 popular smartphone "apps"—games and other software applications for iPhone and Android phones—showed that 56 transmitted the phone's unique device ID to other companies without users'...

The Financial Reform give the USA new bureaucracies of all kind: Advisory Committee, Office of the Investor Advocate, and of course the … the Bureau of Consumer Financial Protection that will include the Consumer Advisory Board. It is not likely that the first-time home buyer will have the connections or the resources to influence who will sit on the Consumer Advisory Board. It is likely that the Wall Street will have the ability to lobby them. It is not likely that the senior taking care of the retirement funds will go all the way to the Office of the Investor...

The creation of a new Consumer Financial Protection Agency (“CFPA”) is a very bad idea and should be rejected. The proposal is not salvageable and cannot be improved in substance or in form. The proposal is premised on a fundamental misunderstanding of the causes of the financial crisis. The Obama Administration’s Financial Regulatory Reform White Paper, and the intellectual underpinnings of the new CFPA as articulated by law professors Elizabeth Warren of Harvard and Oren Bar-Gill of New York University, set forth the blueprints for a powerful regulatory agency designed to react to a perceived failure of consumers to understand...

The top consumer advocate in the Oregon attorney general's office spent years on the other side of legal aisle, defending companies against consumer claims, before becoming charged with pursuing nefarious businesses and flim-flam artists in the Beaver State.

A new state law is now in effect requiring all restaurants in Mississippi to clearly display the specific country of origin of the catfish they serve. While supermarkets have previously been required to display “Country of Origin Labeling” for catfish, restaurants have been under no such mandate until House Bill 728 went into effect Tuesday. According to a statement recently released by Roger Barlow, president of the Jackson-based Catfish Institute, “This is possibly the most significant piece of legislation the Mississippi Catfish Industry, or for that matter, the entire U.S. Farm-Raised Catfish industry has ever had. “Since Mississippi is the...

Need to Know by: Bethany Stotts, December 11, 2007 With the Food and Drug Administration’s (FDA) Subcommittee on Science and Technology reporting that the FDA “cannot fulfill its mission because its scientific base is eroded and its organizational structure is weak,” doubts about the FDA’s ability to protect the American food supply have intensified. According to the subcommittee, the FDA is “engaged in reactive regulatory priority setting or a fire-fighting regulatory posture instead of pursuing a culture of proactive regulatory science.” Dr. Laura Tarantino, Director of the Office of Food Additive Safety for the FDA’s Center for Food Safety and...

PANAMA — Eduardo Arias hardly fits the profile of someone capable of humbling one of the world’s most formidable economic powers. A 51-year-old Kuna Indian, Mr. Arias grew up on a reservation paddling dugout canoes near his home on one of the San Blas islands off Panama’s Caribbean coast. He now lives in a small apartment above a food stand in Panama, the nation’s capital, also known as Panama City. But one Saturday morning in May, Eduardo Arias did something that would reverberate across six continents. He read the label on a 59-cent tube of toothpaste. On it were two...

'Roses Are Red, Viagra is Blue...' Pfizer Knows Better - Shame on You! Says AHF LOS ANGELES, Feb. 13 /PRNewswire/ -- AIDS Healthcare Foundation, (AHF) the nation's largest AIDS group and a direct provider of HIV/AIDS medical care to tens of thousands of AIDS patients in the US, Africa, Central America and Asia, issued a warning today that it expects Pfizer, Inc., the world's largest pharmaceutical company, to run a Valentine's Day-themed ad for Viagra as part of its ongoing shameless holiday-themed advertising campaign for its blockbuster sex drug. For the past several months, Pfizer has been running a direct-to-consumer...

(CNSNews.com) - A Texas judge has ordered mediation to resolve a class action lawsuit filed by 145 women who claim they were injured from abortions because the state failed to enforce its own laws pertaining to abortion. District Court Judge John Coselli, Jr., from Houston heard testimony Friday from four women alleging a variety of physical and emotional injuries, including a ruptured uterus, a ruptured colon and sterility, as well as guilt and depression, from abortion procedures at private clinics regulated by the state. During mediation, the parties will attempt to reach an agreement before an unbiased third party designated...