Consumer Law & Policy Blog

National Consumer Law Center's Proposed Agenda for the New Consumer Financial Protection Bureau

The National Consumer Law Center has published this agenda for the new Consumer Financial Protection Bureau created by the Dodd-Frank legislation. The agenda contains NCLC's priorities on mortgages, credit cards, overdraft fees, payday and auto title loans, auto loans, private student loans, prepaid debit cards, credit reports, debt collection, and forced arbitration. Worth reading.

FDA Proposes to Limit Use of Antibiotics in Animal Feed to Protect Human Health

 Antibiotics are regularly used in animal feed to fatten-up animals quickly, lowering producer's costs and increasing profits. But, according to this article in the Des Moines Register, "[d]octors and public health experts have long worried that there's a human price to using drugs this way": that the prevalence of antibiotics in animals, which ends up in food ingested by humans, is creating antibiotic-resistant bacteria that threaten human health. So, the Food and Drug Administration has issued a draft Guidance, entitled "The Judicious Use of Medically Important Antimicrobial Drugs in Food-Producing Animals," which proposes to "limit[] medically important antimicrobial drugs to uses in food-producing animals that are considered necessary for assuring animal health." As the Des Moines Register article explains, an earlier ban in Denmark seems to have had the desired effect:

Denmark . . . banned the growth-promotion use of antibiotics in the mid-1990s, cutting use of the drugs by 40 percent. More important, there's evidence that the ban reduced the amount of dangerous drug-resistant bacteria to which Danish consumers were being exposed. One type of bacteria found in hogs, campylobacter, is far less likely now to withstand a group of drugs known as macrolides than it was before the ban. Less than 20 percent of the bacteria was drug-resistant in 2006.

FDA's Principal Deputy Commissioner Josh Sharstein explained the FDA's view in his July 14, 2010 testimony to the Subcommittee on Health of the House Committee on Energy and Commerce.

Unregulated Chemicals in Consumer Products

Today's Washington Post has this article about "huge gaps in the government's knowledge about chemicals in everyday consumer products, from furniture to clothing to children's products." As the article explains: "[u]nder current laws, the government has little or no information about the health risks posed by most of the 80,000 chemicals on the U.S. market today."

CPSC Recalls for July 2010

Here are the Consumer Product Safety Commission product safety recalls for July 2010.

Two Economists Say TARP Bailout Ended The "Great Recession"

In this paper, economists Alan Blinder and Mark Zandi say that the government bailout brought the "Great Recession" to an end.  As they put it, "[t]he Great Recession gave way to recovery as quickly as it did largely because of the unprecedented responses by monetary and fiscal policymakers." For more, see this interview with Blinder and Zandi in the Washington Post.