Jul 10 2009 9 mins 1
Has the pendulum finally swung back to protect consumers and their rights in the financial services industry? Consumer protection advocacy lawyer Lauren Saunders from the National Consumer Law Center in Washington D.C. shares her insights on the recent Supreme Court decision, Cuomo v. ClearingHouse. This decision will allow states to enforce fair-lending laws and other consumer protection measures against the nation's biggest banks.
Listen to this podcast as Saunders describes:
What does this mean for the national banks;
How will this affect banks when it comes to fair lending laws and state enforcement and what are its shortcomings;
Why the swing back toward consumer protection means the real debate begins in Washington
Saunders is the Managing Attorney of the National Consumer Law Center's Washington, DC, office, where she handles legislative, administrative and other advocacy efforts in the financial services area. She previously directed the Federal Rights Project of the National Senior Citizens Law Center; was Deputy Director of Litigation at Bet Tzedek Legal Services in Los Angeles; and was an associate at the public interest firm Hall & Phillips. She graduated magna cum laude from Harvard Law School where she was an Executive Editor of the Harvard Law Review, and holds a Masters in Public Policy from Harvard's Kennedy School of Government and a B.A., Phi Beta Kappa, from Stanford University.
