Attorney William M. Rubenstein, Connecticut’s new Consumer Protection Commissioner, has two key goals already identified: Educate consumers to protect themselves and improve the department’s information system to better identify key issues. In a recent interview with CtWatchdog, Rubenstein says he believes that the Department’s “complaint tracking system” can be improved to focus in closer...
The convenience of using an ATM now costs $5 a pop for some bank customers. Why so much? According to CBS News Business and Economics Correspondent Rebecca Jarvis, many banks are increasing fees and penalties to make more money in response to new federal regulation. “They’re all over the place,” she said. “JPMorgan Chase,...
The government’s new watchdog wants consumers to have a complete picture of a card’s costs before they apply–including its exact interest rate and credit line. Currently those terms aren’t determined until after an application is processed. In addition to the early disclosure of specific interest rates and credit lines, the agency is considering tweaking...
“Similar to the campaign to end homelessness, a Connecticut group this week launched an effort to make sure its children no longer go hungry,” wrote Christine Stuart in her CtNewsJunkie.com website. What a wonderful idea. There is no reason why any child in Connecticut, and in any other state in the richest country in...