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Pew Economic Policy Group;
Examines the current regulatory structures for consumer financial services protection, its limitations, and concerns about the proposal to consolidate consumer protection functions under one agency with research, rule-making, and enforcement authority.
The concept of consumer protection is still alien in Kenya with many companies exhibiting unethical behaviour in the past while the consumers and other stakeholders are unaware of actions to take.
The open enrollment period that ends in December 2015 for coverage beginning January 2016 marks the third year of the health care exchanges or marketplaces and of coverage through new qualified health plans. This issue brief investigates several key changes to the qualified health plans, with a focus on increased transparency and consumer protections. A new out-of-pocket costs calculator, requirements regarding provider networks, and prescription drug cost-sharing requirements should serve to better inform and improve consumer selection. In addition, several policy changes will help individuals with more severe health needs. These include: improved prescription drug coverage for HIV/ AIDS and other conditions, allowing prescription drugs that are obtained through the "exceptions" process to count toward the out-of-pocket spending cap, more comprehensive and consistent habilitative coverage, and an individual out-of-pocket spending cap within the family out-of-pocket maximum.
This policy brief summarizes the Consumer Financial Protection Bureau's authorities in the absence of a confirmed director.
Testimony of Tom Feltner, vice president of Woodstock Institute, addressing deposit insurance, access to mainstream financial products, and credit products such as overdraft protection or payday loan-like deposit advances for general purpose reloadable cards.
Pew Economic Policy Group;
Outlines key structural provisions of the proposed consumer financial protection agency and ways to minimize concerns about the dangers of over-regulation and higher cost of credit. Suggests that the agency be part of the Securities Exchange Commission.
Testimony of Lauren Nolan before the Committee on License and Consumer Protection regarding the proposed ordinance under consideration that would prohibit licensees from refusing to accept cash as payment for goods or services.
Testimony of Katie Buitrago before the Consumer Financial Protection Bureau Field Hearing on Student Loans. In this testimony Buitrago discussed the impact for-profit colleges have on students' economic opportunities, with these students graduating with more debt and fewer job opportunities.
Testimony of Spencer Cowan before the Consumer Financial Protection Bureau field hearing on the impact of the Credit CARD Act. Cowan thanked the CFPB for enforcement actions against credit card issuers and urged them to assess the pricing of add-on products and restrict up-front fees. Cowan also recommended that the CFPB enact consumer protections for all high-cost small-dollar loans, including installment loans and auto title loans.
Brooklyn Community Bail Fund;
As a follow up to our 2017 report "License & Registration Please," this report documents commercial bail bond company compliance with recently passed New York City and existing New York State laws meant to increase oversight of the predatory commercial bail bond industry.
Testimony of Tom Feltner, vice president of Woodstock Institute, addressing upfront fees and credit products such as overdraft protection or payday loan-like deposit advances for general purpose reloadable cards.
Describes changes in the Illinois payday lending industry since 2001 when state rules regulating the industry were approved.