NPI's Cascadia Advocate

Offering commentary and analysis from Washington, Oregon, and Idaho, The Cascadia Advocate is the Northwest Progressive Institute's unconventional perspective on world, national, and local politics.

Tag Archives: Consumer Protection

U.S. Senate passes Republican-backed bill to weaken Dodd-Frank financial reforms

Excerpt: The United States Senate voted overwhelmingly today to begin dismantling the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010, approving Idaho Senator Mike Crapo's S. 2155 by a vote of sixty-seven to thirty-one.
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Victory! Washington State House votes to toughen penalties for corporate crimes

Excerpt: Corporations that break the law in Washington State could soon be forced to pay more appropriate penalties for their wrongdoing thanks to the work of State Representative Mike Pellicciotti (D-30th District: Federal Way). By a vote of ninety-seven to one, the Washington State House of Representatives today voted to pass ESHB 2362, which would substantially increase fines for corporate crimes.
Written by:Andrew Villeneuve
Categories:Civil Liberties, Core Encyclopedia Topics, Economic Security
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U.S. Senate passes $1.1 trillion, giveaway-stuffed “cromnibus” bill in late night vote

Excerpt: Ear­li­er this evening, fol­low­ing in the foot­steps of the House of Rep­re­sen­ta­tives, the Unit­ed States Sen­ate passed the mas­sive appro­pri­a­tions bill that has become known as the CRom­nibus, send­ing the leg­is­la­tion to Pres­i­dent Barack Oba­ma, who is pre­pared to sign it with­out delay. The final vote was fifty-six to forty; four sen­a­tors did not vote. […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security, Legislative Advocacy
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Republicans (predictably) filibuster Elizabeth Warren’s bill to ease student loan debt

Excerpt: A bill spon­sored by Mass­a­chu­setts Sen­a­tor Eliz­a­beth War­ren to ease stu­dent loan debt has sad­ly become the lat­est wor­thy piece of leg­is­la­tion to be stalled in the Unit­ed States Sen­ate by the Repub­li­can Par­ty, which might as well offi­cial­ly rename itself the Par­ty of No (because that is its answer to just about every good […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security, Education
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Scam alert! An unknown entity, the “Labor Standards Compliance Office”, is trying to sell labor posters with letters that look like bills

Excerpt: An unknown enti­ty call­ing itself the “Labor Stan­dards Com­pli­ance Office” is mass mail­ing decep­tive let­ters to Wash­ing­ton busi­ness­es and non­prof­its that appear to be bills from the gov­ern­ment, but are in real­i­ty solic­i­ta­tions for labor posters that can be freely obtained, the North­west Pro­gres­sive Insti­tute has learned. One of these sus­pi­cious-look­ing let­ters showed up this […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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U.S. House passes “Citibill” to partially roll back the Dodd-Frank Reform Act

Excerpt: Once again, some­thing is rot­ten in the peo­ple’s House. Ear­li­er today, the Repub­li­can-con­trolled U.S. House of Rep­re­sen­ta­tives vot­ed two hun­dred and nine­ty-two to one hun­dred and twen­ty-two to pass H.R. 992, offi­cial­ly titled the Swaps Reg­u­la­to­ry Improve­ment Act. Like MSNBC’s Chris Hayes, we’re call­ing H.R. 992 Citibill because it was pri­mar­i­ly authored by Cit­i­group lob­by­ists. […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Senate *finally* confirms Richard Cordray as Consumer Financial Protection Bureau chief

Excerpt: After months of sense­less delay, the Unit­ed States Sen­ate has final­ly con­firmed for­mer Ohio Attor­ney Gen­er­al Richard Cor­dray to serve as the Direc­tor of the Con­sumer Finan­cial Pro­tec­tion Bureau (CFPB) orig­i­nal­ly con­ceived by Eliz­a­beth War­ren and cre­at­ed by the Dodd-Frank Wall Street Reform Act of 2010. By a vote of sev­en­ty-one to twen­ty-nine, the Sen­ate […]
Written by:Andrew Villeneuve
Categories:Economic Security, Public Service
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Stay home and sleep in this weekend: The Black Friday madness isn’t worth it (literally!)

Excerpt: This week­end is Thanks­giv­ing week­end, tra­di­tion­al­ly one of the longest week­ends of the year (owing to Thanks­giv­ing always falling on a Thurs­day). It’s also tra­di­tion­al­ly the begin­ning of the Christ­mas shop­ping sea­son, and is thus a very impor­tant time of year for retail­ers. Since the turn of the cen­tu­ry, major retail chains have gone to […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Occupy offshoot launches “Rolling Jubilee”

Excerpt: Last week an off­shoot of Occu­py Wall Street launched Rolling Jubilee, a new project billed as “a bailout for the 99%”. The project, which has been gen­er­at­ing con­sid­er­able inter­est in the finan­cial press, aims to help out ordi­nary Amer­i­cans by pur­chas­ing and abol­ish­ing their debt. It’s a nov­el idea: Banks sell debt for pen­nies on […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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After Internet outcry, Verizon backtracks, drops plans to charge $2 “convenience fee”

Excerpt: Chalk up anoth­er vic­to­ry for the Inter­net: Ver­i­zon Wire­less has decid­ed it will not insti­tute the fee for online or tele­phone sin­gle pay­ments that was announced ear­li­er this week. The com­pa­ny made the deci­sion in response to cus­tomer feed­back about the plan, which was designed to improve the effi­cien­cy of those trans­ac­tions. The com­pa­ny con­tin­ues […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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AT&T throws in the towel, abandons scheme to buy T‑Mobile from Deutsche Telekom

Excerpt: For once, fed­er­al reg­u­la­tors have done their job and stood up to Wall Street: AT&T said late on Mon­day after­noon that it had with­drawn its $39 bil­lion takeover bid for T‑Mobile USA, acknowl­edg­ing that it could not over­come oppo­si­tion from the Oba­ma admin­is­tra­tion to cre­at­ing the nation’s biggest cell­phone ser­vice provider. The com­pa­ny said in […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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A day of action: Progressives across the country use Bank Transfer Day to go bankless

Excerpt: As reg­u­lar read­ers know, we at NPI have been long­time cham­pi­ons of mem­ber-owned cred­it unions, par­tic­u­lar­ly since the eco­nom­ic col­lapse of Sep­tem­ber 2008 and the sub­se­quent bank bailout. NPI’s staff and board belong indi­vid­u­al­ly to dif­fer­ent cred­it unions, and NPI itself is a cred­it union mem­ber. NPI became part of Amer­i­ca’s cred­it union move­ment well […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Banks drop plans to charge debit card fees

Excerpt: Bank of Amer­i­ca, acknowl­edg­ing that its lat­est attempt to shake more mon­ey out of its cus­tomers’ pock­ets was destroy­ing good­will and hurt­ing rev­enue, announced today that it was can­cel­ing its plans to impose a $5 month­ly fee for deb­it card use, fol­low­ing in the foot­steps of JPMor­gan Chase, Wells Far­go, Sun­Trust, and Regions, which have […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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Netflix finally listens to its members, drops plans to spin off DVDs-by-mail as Qwikster

Excerpt: Net­flix is stay­ing Net­flix. The com­pa­ny announced this morn­ing that it was drop­ping its ill-con­ceived plans to spin out its DVDs-by-mail into a sep­a­rate web­site called Qwik­ster, after weeks of get­ting irate emails and phone calls from its mem­bers. Dear Mem­ber: It is clear that for many of our mem­bers two web­sites would make things […]
Written by:Andrew Villeneuve
Categories:Core Encyclopedia Topics, Economic Security
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