According to the Wall Street Journal, Senator Chris Dodd, a Democrat from Connecticut, has offered to abandon the Consumer Financial Protection Agency (CFPA) proposal in exchange for Republican support on other legislation. Nobody is saying anything official right now, but the WSJ reports that “the offer is conditional on the creation of a stronger consumer protection division within another federal agency.” [More]
In case you missed it, Senate Democrats managed to succeed at their goal of pushing through some sort of health care reform bill before Christmas Day–the chamber voted this morning 60-39 along party lines and passed the bill. Up next: the Senate and House have to get together and negotiate some final version. If you want to compare what’s in the House and Senate versions, the New York Times has put together an excellent side-by-side comparison tool.
Before you can finish your purchase at Buy.com, you have to go through an entire page trying to upsell you to the much-maligned Webloyalty program and click the tiny “no thanks” button at the bottom. You can find it located under the large YES! button. [More]
Yesterday, four senators introduced legislation to make cell phone early termination fees be actually related to the cost of the phone. [More]
Last week the Senate cooked up a Scooby Snack for the FDA. The Health, Education, Labor and Pensions Committee unanimously approved a bill that will make the FDA run around all hyper and bestow it with super strength and ghost-catching ability, the LA. Times reports, though not in those words. [More]
The Senate just released 88 pages of a confidential 270+ page marketing plan by Forest Laboratories, created in 2004 and focused on how to get doctors to prescribe the antidepressant Lexapro over similar but cheaper alternatives such as Celexa. The New York Times notes that the line between marketing and education seems to be heavily blurred, which may not surprise you. There are, however, two interesting notes for consumers who may be taking Lexapro.
Tomorrow, a Senate committee will hold a hearing on legislation that grants passengers the right to deplane if their plane is delayed on the runway for more than 3 hours. The legislation will also require that airlines provide water, food, and bathroom facilities during delays. If passed, it will be ignored by Delta.
Radio Shack is charging New York City consumers an extra half-percent of sales tax, even though the State hasn’t approved a new tax rate. Before descending into a chaotic mess of embarrassing inaction, the New York State Senate was widely expected to hike the sales tax New York City’s local sales from 8.375% to 8.875%. That never happened, a minor detail that isn’t stopping Radio Shack from collecting more tax, as reader Jeff discovered…
The Credit Cardholders’ Bill of Rights is back in the news, and with Congress considering the legislation, we offer a refresher on what’s in this bill and why it’s important.
The House this week voted to empower the FDA to regulate tobacco, just in case people still smoke even after new taxes push the cost of cigarettes to over $9 per pack and the recession bankrupts everyone. Under the measure, which passed 298-112, the FDA would be able to set nicotine levels, control cigarette advertising, and require companies to provide a full list of cigarette ingredients. As usual, the killjoys in the Senate may force the House to smoke a light version of the cigarette bill…
Following up on the multiple Obama nominees who’ve had tax troubles, Politico asked the 99 members of the Senate whether they’ve ever had mistakes on their tax returns or filed back taxes. Yes and yes.
Senate approves $838 billion economic stimulus bill 61 to 37. C-Span says three Republicans broke ranks to vote for it: Senators Susan Collins, Olympia Snowe, and Arlen Specter.
We know there’s salmonella story fatigue setting in, but this new overview from yesterday’s Senate hearing is the best yet as far as piecing together exactly how salmonella-tainted peanut butter made it into our food supply for such a long period of time, and why it took so long to trace it back to a single rotten peanut plant in Georgia. Ultimately the blame lies with Peanut Corporation of America (PCA) for failing to maintain its factory and for not destroying lots that tested positive for salmonella, but both the FDA and the CDC had a role in it, too. One example: the FDA didn’t even know the plant produced peanut butter or peanut paste until 2007.