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Category Archives: Consumer Law Cases and Legislation

What Will the New Credit Card Legislation Do For You?

Published on July 28, 2009 by Kathleen Munden

On May 22, 2009, President Obama signed into law the Credit Card Accountability, Responsibility, and Disclosure Act. As noted in our blog article on July 28, 2009, certain provisions of that act go into effect in 2010 concerning the disclosures that must be made on credit card statements. Other provisions that regulate how credit [...]

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Texas Attorney General Website Offers Valuable Consumer Information

Published on July 14, 2009 by Kathleen Munden

The Attorney General is the official in the State of Texas who is responsible for protecting consumers and businesses by enforcing the Deceptive Trade Practices Act and other consumer and business protection legislation. The website of the Office of the Attorney General contains a wealth of information for consumers, along with complaint forms, hotline numbers, [...]

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Banks Vow to Fight Consumer Protection Agency

Published on July 6, 2009 by Kathleen Munden

Banking lobbyists are already working to curb or eliminate the Consumer Financial Protection Agency proposed by President Obama. The Agency could be empowered to curtail or ban a host of lucrative bank practices, such as ballooning mortgages, excessive credit card interest, and surprise overdraft fees.
The Associated Press reports that the Obama administration believes such safeguards [...]

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New Regulations Concerning Payday Loans

Published on April 15, 2009 by Kathleen Munden

As of early April 2009, the Texas Legislature and the U.S. Congress are both considering legislation to regulate payday lenders. Last week, state senators announced pending bills that would establish oversight of the largely unregulated payday loan industry. The proposals include licensing requirements, a 36% limit on interest [...]

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