dodd-frank
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Forced arbitration with banks isn’t dead yet, but Colorado consumer watchdogs say let it die
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Republican leaders in the U.S. House and Senate Thursday set in motion a plan to force people possibly wronged by banks into arbitration and keep them out of courtrooms, just like in the old days before this month. Let’s back up a few steps. In 2010 Congress passed the Dodd-Frank Wall Street Reform and Consumer…
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Bell Policy Center chief: We’re not free in a predatory economy
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You can’t pick yourself up by the bootstraps if your feet are chained to the floor. Debt is preventing Americans from moving up and our increasingly predatory economy makes that possible. This year, Colorado’s General Assembly closed the “Zombie Debt” loophole in our Fair Debt Collections Practices Act. It was an important win for consumers,…
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Perlmutter criticizes Dodd-Frank rewrite now slated for House vote
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A Republican-led effort to rewrite the rules of the massive, post financial crisis measure Dodd-Frank is slated for a full House vote in June, despite Democrat’s effort – among them U.S. Rep. Ed Perlmutter – to derail the legislation in committee. At odds are Perlmutter’s contention that the Dodd-Frank Wall Street Reform and Consumer Protection…
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Tipton: The CFPB goes against government of the people, by the people
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The Consumer Financial Protection Bureau (CFPB) was created by the Dodd-Frank Act as an independent agency within the Federal Reserve System, with the purpose of regulating consumer financial products. The core mission of the CFPB, protecting consumers from bad actors, is important, but we should all be concerned about the unconstitutional structure of the Bureau.…
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Tipton reintroduces small bank regulatory relief bill
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For a second straight year, U.S. Rep. Scott Tipton, R-CO3, has introduced the Taking Account of Institutions with Low Operation Risk (TAILOR) Act, a bill that would ease regulatory compliance for smaller community banks and credit unions. While a Congressional Budget Office estimate last year pegged Tipton’s bill as costing an estimated $20 million, Tipton said…
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PHOTOS: Colorado Republicans toast Trump inauguration at glittering gala
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Former Colorado state Senate President John Andrews welcomed “fellow Americans, fellow patriots, fellow deplorables” to a glittering celebration of President Donald Trump’s inauguration on Friday night at the Marriott Denver Tech Center in Denver, promising a “rip-roaring celebration of making America great again.” The sold-out black-tie gala event – one of only a handful held…
