legislation

frankieleon

New Law Would Ban Airlines From Bumping Passengers Involuntarily

United Airlines’ decision to forcibly remove a paying passenger to make room for an airline employee has led to increased pressure for carriers to change their policies. A new piece of legislation wants to stop make it illegal for airlines to bump a passenger without their permission. [More]

Adam Fagen

‘Financial Choice Act 2.0’ Would Eliminate Government’s Ability To Go After Shady Payday Loan Operations

Even though recent surveys indicate that the overwhelming majority of Americans want more regulation of payday lending, federal lawmakers are attempting to strip the Consumer Financial Protection Bureau of any authority over these short-term, high-cost loans. [More]

Patrick Fagen

18 States Urge Congress Not To Stop Prepaid Card Reforms

Earlier this year, lawmakers on Capitol Hill began the process of dismantling the Consumer Financial Protection Bureau’s long-awaited prepaid card rules — meant to improve transparency and curb runaway fees — that are set to to go into effect. As Congress prepares to consider three bills that would erase these rules, attorneys general from 18 states have called on legislators to put consumers’ needs over those of the prepaid card industry. [More]

John Kittelsrud

Lawmakers Try Yet Again To Create Minimum Seat Size Requirement On Planes

If at first you don’t succeed, just keep proposing legislation: A group of lawmakers Thursday introduced a pair of bills that would create a seat-size standard for commercial airlines, as well as a minimum distance between rows of seats.  [More]

Steven Depolo

Legislation Would Give FDA Mandatory Authority To Recall Drugs

Last month, the Food and Drug Administration confirmed that it had found varying and elevated levels of a potentially deadly toxin in teething tablets sold under the Hyland’s brand. Despite the dangers posed by the tablets, the FDA couldn’t order a recall of the products — and the manufacturer refused to. But that could change in the future, as recently introduced legislation would give the agency the authority to order mandatory recalls of drugs and homeopathic products.  [More]

Adam Fagen

Lawmakers Introduce Legislation That Would Abolish The CFPB

The future of the Consumer Financial Protection Bureau continues to remain in question with yet another attack being lobbed at the Bureau this week as lawmakers introduced new legislation both in the House and Senate that would abolish the agency. [More]

Adam Fagen

Bank-Backed Congressman Introducing Law To Gut Consumer Financial Protections

Less than a week after President Trump signed a mostly symbolic executive order directing federal regulators to revise the rules established by the 2010 financial reforms, one lawmaker (whose campaign just happens to have been heavily financed by big banks) is planning to introduce legislation to scale back consumer protections and allow banks to take more risks. [More]

Patrick Fagen

Congress Trying To Roll Back Consumer Protections For Prepaid Cards

Last fall, weeks before the election, the Consumer Financial Protection Bureau concluded a three-year process of trying to make prepaid cards less costly. Those new rules, which would improve transparency and curb runaway fees, are set to go into effect later this year, but not if lawmakers on Capitol Hill have their say.  [More]

James Callan

Retailers Ask Congress To Please Not Roll Back Dodd-Frank Debit Card Reforms

Both the banking industry and conservative lawmakers are hoping that the incoming Trump administration will agree to repeal the 2010 Dodd-Frank Financial Reforms, but many in the retail world are calling on Congress to retain at least the portion of the law involving debit card transactions. [More]

Photos in the Sunset

New Bot-Blocking Legislation Could Make It Easier To Score Tickets To Popular Events

About a week after New York barred scalpers from using bots to scoop up tickets to sporting events, concerts, and other popular attractions, the U.S. Congress has sent its own anti-bot legislation to President Obama to sign. [More]

Open Grid Scheduler / Grid Engine

Airbnb Tries More Self-Regulation In New York, Too

If the vacation-booking site Airbnb has to be regulated, it at least wants to impose regulations on itself instead of having local governments do it. While the company is starting to self-regulate in San Francisco and cooperated with the city to make rules in Chicago, it also proposed rules for itself in New York. [More]

Chris Blakely

Bill Would Overhaul Credit Reporting System, Remove Debt After Four Years

Each year, thousands of consumers file complaints against the nation’s three credit bureaus — Equifax, Experian, and TransUnion. Most of these complaints are related to inaccurate information on a consumers’ credit report and the difficult time they often have in getting this misinformation corrected. That could change with the proposed overhaul of the system. [More]

MeneerDijk

$100M Grant Competition Aims To Expand Tuition-Free Community College Programs

In January 2015, President Obama announced a proposal that would make the first two years of community college free for some consumers hoping to further their education. Today, the White House revealed another step in making that goal a reality through a $100 million competitive grant program focused on expanding workforce training programs at community colleges.  [More]

frankieleon

Florida Implements Law Protecting Consumers From Surprise Medical Bills

Florida is now the second state behind New York to shield consumers from expensive surprise medical bills, as Governor Rick Scott today signed into law legislation that would protect patients from balance-billing in both emergency and non-emergency hospital situations.  [More]

Adam Fagen

Sen. Elizabeth Warren Proposes Requiring That IRS Offer Free Tax Filing & Prep Services

With the clock officially ticking down on the 2016 tax season, lawmakers are already looking for ways to simplify the process next year by introducing legislation that would, among other things, develop a free, online tax preparation and filing service that taxpayers can use to prepare and file their taxes directly with the federal government.  [More]

(frankieleon)

New York Bill Would Require Drivers Involved In Crashes To Submit Phones To “Textalyzer”

Would a requirement to submit your phone to field testing to determine if you were texting or otherwise using the device before a motor vehicle crash prevent you from engaging in distracted driving? That’s the hope behind recently introduced legislation in New York and a device being dubbed a “textalyzer.”  [More]

(Steve Depolo)

California, Labor Groups Reach Tentative Deal To Raise Statewide Minimum Wage To $15/Hour

California is poised to become the first state to adopt a $15 an hour minimum wage. Over the weekend legislators in the state said they had reached a tentative agreement with labor unions that would see the state rollout the wage increase over the next six years. [More]

Bill Requiring Childproof Packs For Liquid Nicotine Heads To President’s Desk

Bill Requiring Childproof Packs For Liquid Nicotine Heads To President’s Desk

The Child Nicotine Poisoning Prevention Act, intended to reduce the odds of kids getting their little hands on tasty-looking – but poisonous – liquid nicotine, appears destined to be the first new federal law regulating e-cigarettes. Yesterday, Congress passed the measure, which now goes to the White House for President Obama’s signature. [More]