Sentences with phrase «abusive financial practices»

«This country has seen enough abusive financial practices to last a lifetime,» said Uriah King, Vice President of State Policy at the Center for Responsible Lending.

It creates leverage against deceptive and abusive financial practices that take advantage of consumers.

«As the top state law enforcement officials charged with investigating consumer complaints of fraudulent, deceptive and abusive financial practices in our respective states, we know from first - hand experience that the need for strong consumer financial protection is undiminished in the years since the financial crisis.»

Not exact matches

The CFTC aims to protect market participants from fraud, manipulation and abusive practices related to financial derivatives such as futures and options.

During the Obama administration, the organization was tasked with targeting financial companies with unfair or abusive practices.

On the federal level, the recently formed Consumer Financial Protection Bureau can address «unfair, deceptive or abusive practices,» said a spokeswoman.

Following Mr. Stumpf, regulators, including Consumer Financial Protection Bureau Director Richard Cordray, answered questions about their investigations into Wells Fargo, and what they recommended to not only address wrongdoing within that company, but prevent future abusive practices across the financial services Financial Protection Bureau Director Richard Cordray, answered questions about their investigations into Wells Fargo, and what they recommended to not only address wrongdoing within that company, but prevent future abusive practices across the financial services financial services industry.

A CFPB spokesperson said in an email to Vox that the bureau is authorized to take «supervisory and enforcement action against certain institutions engaged in unfair, deceptive, or abusive acts or practices, or that otherwise violate federal consumer financial laws,» including the failure of institutions to engage in «reasonable data security practices» in connection with consumer report information.

The mission of the Commodity Futures Trading Commission (CFTC) is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and options markets.

CR helped to mobilize support in Congress to create the CFPB, an independent agency responsible for overseeing the financial industry with powers to police abusive practices and to enact new consumer protections.

They have been cited for abusive discipline practices, such as suspending 5 - year - olds and violating the civil rights of students with disabilities, failing to serve needy populations, such as English Language Learners and students with disabilities, and even financial fraud, mismanagement and self - dealing scandals.

The Dodd - Frank financial reform legislation called for the creation of the agency to combat abusive practices.

NDP: Update the Consumer Protection Act to cap ATM fees at a maximum of 50 cents per withdrawal; ensure all Canadians have reasonable access to a no - frills credit card with an interest rate no more than 5 % over prime; eliminate «pay - to - pay» by banks in which financial institutions charge their customers a fee for making payments on their mortgages, credit cards, or other loans; take action against abusive payday lenders; lower the fees that workers in Canada are forced to pay when sending money to their families abroad; direct the CRTC to crack down on excessive mobile roaming charges; create a Gasoline Ombudsperson to investigate complaints about practices in the gasoline market.

The purpose of the lawsuits will be to recover the financial damages suffered because of how your abusive posting practices blocked me from sharing this information with millions of people who want and need to know about it and who would gladly compensate me for doing so.

Enforcement Action Pursuant to the Dodd - Frank Act, the CFPB has the authority to take action against institutions or individuals engaging in unfair, deceptive, or abusive acts or practices or that otherwise violate federal consumer financial laws.

However, there have been allegations that some debt settlement companies engage in fraudulent, abusive, or deceptive practices that leave consumers in worse financial condition.

On the second point, it would be worthwhile for financial writers and some larger firms to take on common practices that are abusive.

That new consumer protection agency — approved in July 2010 as part of the massive Wall Street reform law — will have broad powers to police the financial services industry for abusive or deceptive practices.

The Center for Media Justice joins Change to Win and signed on to this letter asking the Consumer Financial Protection Bureau (CFPB) to investigate T - Mobile's misleading advertisements and abusive debt collection practices.

«The bureau is authorized by the Dodd - Frank Act to take action to prevent covered persons or service providers from committing unfair, deceptive, or abusive acts or practices in connection with the offering or provision of consumer financial products or services, including any unfair, deceptive or abusive practices related to data security,» the bureau said in a statement provided to the E-Commerce Times by spokesperson David Mayorga.

The legislation is focused on curtailing certain types of demand letters and the abusive practice that many patent trolls engage in, especially with small to medium sized businesses that may not have the financial means and wherewithal to challenge bald and possibly baseless claims of patent infringement.

The Dodd - Frank Wall Street Reform and Consumer Protection Act signed into federal law by President Barack Obama in 2010 authorized the creation of the CFPB which has the authority to take action against institutions or individuals engaging in unfair, deceptive, or abusive acts or practices or violating federal consumer financial laws.

We arm people with the information they need to make smart financial decisions, and we protect them from unfair, deceptive, and abusive practices.

Unfair, deceptive, or abusive acts and practices can cause significant financial injury to consumers, erode consumer confidence, and undermine the financial marketplace.