Monthly Archives: August 2013

Really Small Wall Street Tax Could Make a Really Big Difference

Congress will soon be back from recess – and back to gnashing its teeth over the budget and the various important things that, too many in that branch of government now contend, our country can no longer afford to do. They could expand their sense of the possible by considering a source of revenue they have so far largely ignored – a small tax on sales of stocks, bonds, and complex financial instruments.

Consumer Groups Urge FTC to Ban Payment Systems Favored by Scammers

14 consumer organizations submitted a joint letter to the FTC supporting a proposal to ban telemarketers from using remotely created checks and remotely created payment orders, payment systems commonly used by scammers. The letter also called on the FTC to extend the proposed ban to cover all consumer transactions, not just those conducted via phone.