Media Coverage

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Nov 28, 2012

''Drug, Device Makers Anxiously Await U.S. Doctor-Payment Disclosure Rule''

''Drug and medical-device makers are bracing for a new U.S. rule that will require them to report physician-payment information to the government--a rule some companies and doctors fear will be overly broad and could mislead the public.''

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Source: Wall Street Journal

Nov 21, 2012

''Report Says FDA Needs Workforce Improvements''

In 2007, an agency panel found that the FDA’s "scientific workforce does not have sufficient capacity and capability" and the agency is "not positioned to meet current or emerging regulatory responsibilities." The Pew Charitable Trusts wanted to know if that’s still the case, and asked the Partnership for Public Service to find out. "FDA has made progress," says the Partnership’s report, but the agency "continues to have significant workforce and management challenges in the scientific and medical arenas that need to be addressed."

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Source: The Washington Post

Oct 2, 2012

''FDA Chief Says Scarce Funding Hobbles Sweeping Food Safety Regulations''

"The U.S. Food and Drug Administration said it is having difficulty implementing expansive new rules to improve food safety, nearly two years after President Barack Obama signed the standards into law, because of a lack of funding. FDA chief Margaret Hamburg said the implementation process has been slow because Congress has not provided sufficient funds to meet the law's ambitious demands."

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Source: Reuters

May 15, 2012

''Business Credit Cards can be Rewarding but Risky''

"Direct mail offers are flowing for business credit cards, many with attractive promotional interest rates and balance transfer deals...while there are many reasons to open an account, there can be substantial risks involved."

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Source: Credit Card Guide

Feb 13, 2012

Healthy changes coming to school lunches

"The Healthy and Hunger-Free Kids Act takes effect in the 2013-14 school year and will require school lunches to be healthier for students."

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Source: ABC News

Feb 13, 2012

''A Squeeze on Customers Ahead of New Rules''

"Banks are struggling to make money in the credit card business these days, and consumers are paying the price. Interest rates are going up, credit lines are being cut and a variety of new fees are being imposed on even the best cardholders."

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Source: The New York Times

Nov 4, 2011

''Bank Fees Are a Credit Union's Best Friend''

"Something is wrong when keeping cash in the kitchen cookie jar seems a reasonable substitute for your bank.''

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Source: Bloomberg

Nov 3, 2011

''Consumer 10.0: How the Pew Trusts aided credit card reform''

"It was early 2007, and Michael Roster and Dwane Krumme each viewed the credit card industry with growing dismay."

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Source: Philly Tablet Inquirer

Oct 21, 2011

''Fees Help Drive Working Poor From Banks''

"'Hidden or unexpected' fees are the No. 1 reason given by the working poor for closing bank accounts, a recent study found. The study by the Safe Banking Opportunities Project, a project of the Pew Health Group, surveyed 2,000 predominantly low-income, Hispanic households in the Los Angeles area in a two-phase study. Study participants were screened and recruited through a door-to-door, interviewer-administered survey."

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Source: New York Times Bucks Blog

Oct 21, 2011

''Gotcha’ Fees Force Customers to Quit Banks''

"Hidden bank fees are pushing the working poor out of mainstream banking and into riskier, more expensive alternatives to managing their personal finances. A new study released by the Pew Charitable Trusts provides a stark snapshot of how banks’ embrace of sneaky fees hurt the most vulnerable consumers."

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Source: Time Moneyland

Jul 28, 2011

''Tight Times Boost Business Credit Cards''

''More small companies—already struggling with weak sales and tight lending—are being forced to rely on business credit cards to provide working capital.''

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Source: The Wall Street Journal

Jul 22, 2011

''Consumers Hold High Hopes for New Bureau''

''If you've ever thought someone was playing fast and lose with the rules on your credit cards, credit score or mortgage, but you had no idea where to go with your complaint, you now have a place to turn.''

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Source: The Chicago Tribune

Jun 14, 2011

''Senators Seek More Disclosure For Business Credit Cards''

"Four Senators today called for more disclosure on business credit card offers so cardholders will understand that business cards are not protected by the same laws as regular consumer cards that bar practices like retroactive interest rate hikes."

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Source: Bloomberg Businessweek

Jun 3, 2011

''Business Credit Cards Provide Few Safeguards''

''Households receiving offers for 'business' credit cards would be wise to throw them away, a nonprofit research group is warning consumers.''

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Source: Pittsburgh Post-Gazette

Jun 1, 2011

''Credit CARD Act Turns Two: Are Consumers Better Off?''

"It’s been two years since the landmark Credit Card Accountability Responsibility and Disclosure Act of 2009 was signed into law, and by all accounts, it’s led to some pretty significant changes in the giant industry grinding away behind those little pieces of plastic."

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Source: Time

May 19, 2011

''Should You Sign Up for a 'Professional' Card?''

"Credit-card issuers are marketing so-called professional cards—formerly reserved for small-business owners or executives—to individuals, a new report says."

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Source: The Wall Street Journal

May 18, 2011

''Consumers must watch for unregulated credit cards''

"The sudden interest-rate hikes, high fees and steep penalties that last year's credit card regulations were designed to eliminate are still lurking in one segment of the credit card market: cards designated for businesses."

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Source: WTOP 103.5 FM

May 18, 2011

''Study: 'Business' credit cards put consumers at risk''

"From January 2006 to December 2010, American households received more than 2.6 billion offers for so-called "business" credit cards, according to a new report from the Pew Safe Credit Cards Project."

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Source: The Philadelphia Inquirer

May 18, 2011

''Extending Credit Card Protections to Small Business Users''

"Each month, Americans get more than 10 million business credit card pitches in their home mailboxes. The cards are aimed at small businesses and sole proprietors, but they generally lack the new protections that apply to consumer cards, a new report from the Pew Charitable Trusts says."

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Source: The New York Times

May 17, 2011

''Study: 2 Years After Credit Card Reforms, Rates, Fees More Stable''

"Credit card interest rates have held steady, penalties are less costly for consumers and annual fees and other charges have changed little over the past year, according to a study released Tuesday by the Pew Safe Credit Cards Project."

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Source: FoxBusiness.com

May 11, 2011

''Study Finds Positive Results from Credit Card Law''

"Banks and some pundits had predicted that credit card users would face skyrocketing interest rates, a spike in annual fees and a plethora of other negatives after stringent new rules on cards kicked in last year."

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Source: The Associated Press

Jan 31, 2011

''Environmental Groups Get In Some Target Practice''

"The otherwise-routine reauthorization of the Consumer Product Safety Commission this year demonstrated the environmental movement's growing clout over the chemical industry. The new law, advocates say, reverses long-standing practice because it requires the chemical industry to prove the safety of some products before they reach the public."

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Source: National Journal

Jan 31, 2011

''Toxic Suspicions Could Fuel Regulatory Overhaul''

"Environmentalists want to ban BPA -- and also shift the burden of proof for all chemicals."

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Source: National Journal

Aug 24, 2010

''To Bank Or Not To Bank''

"A new study from the Pew Health Group shows a growing number of low income and minority families are using alternative financial services instead of the traditional banking system."

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Source: National Public Radio

Aug 23, 2010

''Last phase of credit card reform law in place, taking aim at penalty fees''

"The sweeping reform of the credit card industry was finally completed Sunday as the last pieces of the landmark federal law designed to stop unfair or deceptive practices took effect."

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Source: The Washington Post