Last night, the U.S. Senate voted to rescind the Consumer Financial Protection Bureau’s (CFPB’s) Arbitration Rule under the Congressional Review Act. Passed by the House in July, the Joint Resolution now heads to the White House. Consumers’ Research commends the Senate on its action, and we encourage President Donald Trump to sign the Joint Resolution of Disapproval as soon as possible.
On October 5, the Consumer Financial Protection Bureau (CFPB) finalized a rule that upends the small-dollar lending industry. The regulation encompasses payday, installment, and automobile title loans, all of which primarily serve consumers without access to traditional financing options. The CFPB may believe that restricting small-dollar lending best helps consumers, but the final rule will ultimately make credit access more expensive and less available to the low-income borrowers that use these loans.
Hurricane Harvey dumped more than 50 inches of rain on the Houston area, causing serious flooding that put thousands out of their homes. Estimates of the cost of the storm range from $50 billion to $190 billion. In any case, the rebuilding process will be expensive and will take a long time. As Houston-area residents repair or rebuild their homes, there are several things they should keep in mind.
It’s almost back-to-school time, which means parents will flood stores to find school supplies and clothes for their kids. Although this annual end-of-summer ritual can be stressful, it’s also a great time for parents to find bargains—as well as to help their children in other important ways.
Vacation home rental services like Airbnb and ridesharing apps, including Uber, have made traveling easier and more affordable than ever before. As Memorial Day and the start of the summer season quickly approaches, Consumers’ Research has released some important tips for consumers to consider when using these services to help ensure a fun, safe and affordable summer.
Consumers’ Research is proud to announce that Kyle Burgess will be serving as the organization’s new Executive Director. In her role as Executive Director, she will guide the organization’s mission to educate consumers, regulators, and policy makers on how federal and state laws and regulations, as well as emerging trends, impact the American consumer.
Despite the continued public outpouring of strong feelings in response to the 2016 presidential election, a new Consumers’ Research holiday survey shows that when it comes to the mood of Americans this holiday season, the election results will have surprisingly little impact. The survey also found that, for the third consecutive year, people look forward to spending time with loved ones much more than receiving presents. Two-thirds (66%) of respondents said the election would have no impact at all on their holiday cheer. Of the approximately one-third of respondents (33%) who expect the results to impact their holiday merriment, about 16% said it would have a positive effect and 17% said it would have a negative impact.
The Blockchain Conference, Washington, D.C. will be held from 9:00 am to 5:00 pm, Tuesday, August 2, 2016 at The Cloyd Heck Marvin Center at The George Washington University. Fintech Worldwide, presenting this event as part of a series of blockchain conferences around the globe, is partnering in D.C. with Consumers’ Research, the nation’s oldest consumer organization. Sponsors include tØ and BlockBridge Advisory.
July 7, 2016 – Consumers’ Research, the nation’s oldest consumer organization, will host Bretton Woods 2016 from Sunday, July 10 – Wednesday, July 13 in Bretton Woods, New Hampshire. This is the second annual Bretton Woods workshop held by Consumers’ Research to study bitcoin and blockchain technologies. The goal of this year’s workshop is to produce guiding principles on consumer protection best practices for blockchain businesses. Workshop participants will include representatives from relevant legislative and regulatory bodies, as well as a diverse array of fintech, blockchain, and traditional financial industry experts.
Washington, DC, May 17, 2016 — Today, Consumers’ Research will release a comprehensive analysis of the threats posed by Electromagnetic Pulse (EMP) events and what is being done to protect against them. EMPs, which can be caused by a nuclear detonation or solar storms, can wipe out electrical grids and other critical infrastructure. Despite widespread recognition that an EMP event is inevitable, little has been done to guard against one.
Consumers’ Research hosted an intimate discussion of “Learning by Doing” with author James Bessen on the evening of July 22, 2015 at the DACOR Bacon House. The event consisted of a presentation by the author followed by a book signing and cocktail reception.
Consumers’ Research hosted “Bretton Woods 2015” from July 13, 2015 – July 15, 2015, an “under the radar” workshop at the Omni Mount Washington Resort held in the spirit of the original Bretton Woods Conference. The purpose of the workshop was to gather a small group of experts from various backgrounds to drive consensus on the future of the perception, regulation, and adoption of blockchain technologies.
According to recent results from a Consumers’ Research survey, the holidays really are about spending time with friends and family. In each of the questions that asked Americans to grade the importance of activities and gifts, time with loved ones came out on top. It was the most important activity during the holidays and the most desirable holiday gift. When Americans were asked how merry they thought the upcoming holiday season would be they gave it 7.3 out of 10 on a merriment scale; merry, but not overwhelmingly so.
For the second straight year, a Consumers’ Research survey found that most Americans consider being with friends and family the best part of the holiday season. And once again, people expect the holidays to be merry.