Plan for consumer protection agency falters in Senate by Minnesota Independent on Feb 16, 2010 in Consumer affairs Economy Slot 1 The White House wants it. Senate leaders support it. The House has already passed it. And, in the wake of the worst financial upheaval since the Great Depression, many consumer groups and state regulators say it’s vital if the country is to avoid a...
Ellison to FDIC: Tie executive bonuses to deposit insurance premiums by Minnesota Independent on Feb 9, 2010 in Blog Consumer affairs Economy News US House delegation FDIC Keith Ellison Wall Street Rep. Keith Ellison is among a dozen House members who sent a letter to Federal Deposit Insurance Corporation chair Sheila Bair urging reform for Wall Street compensation packages. The members of Congress are urging the FDIC to tie executive pay to...
Payday lenders use loopholes to continue high-interest loans by Minnesota Independent on Feb 1, 2010 in Consumer affairs Economy Slot 1 Instead of shutting down, payday lenders in some of the same states that passed reforms are making loans at higher rates than before the laws were enacted.
Franken, Klobuchar split votes in Bernanke confirmation by Minnesota Independent on Jan 27, 2010 in Blog Consumer affairs U.S. Senate Al Franken Amy Klobuchar ben Bernanke Consumer Protection fed Senate Minnesota Sens. Al Franken and Amy Klobuchar generally agree on the issues, but not on the vote to confirm Fed Chairman Ben Bernanke on Thursday. Klobuchar supported his confirmation while Franken was opposed, along with 30 other liberals and conserv...
The question Geithner can’t escape: Why pay off AIG’s partners? by Minnesota Independent on Jan 21, 2010 in Consumer affairs Economy News Politics Slot 1 AIG ben Bernanke Bill Black Federal Reserve Timothy Geithner The latest political clamor over AIG, poised to combust next Wednesday at a House hearing on backdoor payments to banks that made risky deals with the company, centers on the Federal Reserve’s effort to conceal details of those payments. But senior...
First Avenue opposes Ticketmaster/Live Nation merger on anti-trust grounds by Minnesota Independent on Dec 30, 2009 in Consumer affairs Slot 3 U.S. Senate Amy Klobuchar First Avenue live nation ticketdisaster ticketmaster Minneapolis' First Avenue night club is urging its supporters to oppose a proposed merger between Live Nation, one of the nation's largest promotions companies, and Ticketmaster the nation's largest ticket seller. Approved in the UK last week, the me...
Airlines told to keep runway delays under three hours by Minnesota Independent on Dec 20, 2009 in Blog Business Consumer affairs Minneapolis In a move set into motion by a planeload of passengers’ overnight stay on the tarmac at Rochester Minneapolis-St. Paul International Airport, the U.S. Transportation Department has ordered airlines to limit such runway waits to three hours.
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