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consumer protection
Government Warns 'Water Walking Balls' Could Be Deadly
By not in system - AOL NewsWASHINGTON -- The government is warning people to stay out of those giant see-through inflatable spheres known as "water walking balls" because of the risk of suffocation or drowning. The Consumer Product Safety Commission said Thursday that it "does not know of any safe way to use" the products, which are popular at amusement parks, resorts, malls and carnivals. They resemble hamster balls but are large enough for humans. CPSC / AP The Consumer Product Safety Commission is warning people not to use water walking balls because of the risk of suffocation or drowning. People climb ...
Car Seat Recall: Why Are So Many Children's Products Dangerous?
By Mary Phillips-Sandy - AOL NewsOn Monday, AOL News reported that Dorel Juvenile Group is recalling nearly 800,000 car seats because of a faulty release button that can loosen the harness. According to the company, the problem with the release buttons means that the shoulder strap can come loose, potentially endangering a child riding inside the seat in the event of an accident. Surge Desk couldn't help but notice that quite a few products made for children and infants have been recalled of late. Here's a handy rundown: Cribs Two months ago, the U.S. Consumer Product Safety Commission, or CPSC, announced that it would ban ...
Elizabeth Warren Weighs in on New Consumer Protection Bureau
By Alex Wagner - Politics DailyIn her first high-profile public appearance since she was named the White House "consumer czar," Elizabeth Warren said Tuesday that one goal of the new Consumer Financial Protection Bureau she is setting up is to help people navigate the complexities of financial products such as mortgages and credit cards. Speaking at the Fortune magazine "Most Powerful Women Summit" in Washington, Warren displayed marked enthusiasm for her new role, saying, "It is an enormously exciting time," but cautioning that the agency offered an "opportunity for great failure. And an opportunity for great success." ...
Opinion: Fighting to Protect Consumers
By not in system - AOL News(Sept. 17) -- Over the past several weeks, President Barack Obama and I have had extensive conversations about the vital importance of consumer financial protection. The president asked me, and I enthusiastically agreed, to serve as an assistant to the president and special adviser to the secretary of the treasury on the Consumer Financial Protection Bureau. He has also asked me to take on the job to get the new CFPB started -- right now. The president and I are committed to the same vision on CFPB, and I am confident that I will have the tools I need to get the job done. President Obama ...
Dodd-Frank Wall Street Reform: Building a Better Trap
By Robert and Donna Trussell - Politics Daily...
Elizabeth Warren: She'll Take a Bite Out of Slime
By Robert and Donna Trussell - Politics Daily...
Financial Reform Will Become Law, So What's in the Bill?
By David Sessions - Politics DailyThe Senate voted 60-39 Thursday to pass a Democratic financial reform bill, which would put in place broad federal authority to oversee Wall Street and attempt to prevent practices like those that led to the 2008 crash of the financial markets. It now goes to President Obama, who is expected to sign it next week. Congressional Republicans have staunchly opposed -- even temporarily filibustered -- the bill, but Sen. Scott Brown of Massachusetts, along with his Republican colleagues Sen. Olympia Snowe and Sen. Susan Collins of Maine, cast deciding votes in favor. In the House, only three ...
Obama Urges Final Push on Wall Street Reform
By not in system - AOL NewsPresident Obama urged Congress Saturday to take swift final action on sweeping reforms of the way Wall Street does business. Push the bill "over the finish line," he said, so that taxpayers will never again have to bail out banks and investment firms such as those involved in the 2008 meltdown. ...
Obama Urges Final Action on Wall Street Reform, Says on 'Verge of Victory'
By Tom Diemer - Politics DailyPresident Obama urged Congress Saturday to take swift final action on sweeping reforms of the way Wall Street does business. Push the bill "over the finish line," he said, so that taxpayers will never again have to bail out banks and investment firms such as those involved in the 2008 meltdown. The president said the compromise legislation, facing final votes in the Senate and House, included "90 percent of what I proposed when I took up this fight. We'll put in place the strongest consumer financial protections in American history, and create an independent agency with an independent ...
Tighter Financial Regulation Backed by Two-Thirds of Public, Poll Finds
By Bruce Drake - Politics DailyAs Democrats and Republicans prepare to face off Monday on legislation to more tightly regulate the financial industry, a new poll says that about two-thirds of Americans support stricter federal rules on the way banks and other financial institutions conduct their business. Sixty-five percent backed proposals to rein in banks and the financial industry while 31 percent opposed them, according to a Washington Post/ABC News poll conducted April 22-25. The public is split at 48 percent each when asked if they approve or disapprove of how President Barack Obama is handling the issue, but they ...
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