Coalition Efforts

Consumer Action is working on these important issues along with other organizations. If you would like to know more about these issues, please see "More Information" at the end of each article.
 
 

Postings

Once again, Trump favors for-profit college industry over defrauded students
The Trump Administration’s decision to delay and dismantle key student and taxpayer protections against fraudulent for-profit schools is terrible news for struggling student borrowers and a boon for the for-profit college industry. Student, consumer, and veterans' organizations wrote to the Department of Education denouncing its decision to delay and weaken the borrower defense and gainful employment regulations because they protect both students and taxpayers from waste, fraud, and abuse.

The CFPB champions consumers over Wall Street once again!
The Consumer Financial Protection Bureau (CFPB) finalized a rule to prohibit banks and lenders that break the law from stripping customers of the right to join together and hold them accountable in class action lawsuits. Without the CFPB arbitration rule, bad actors like Wells Fargo will continue to pocket billions in stolen money and, in fact, gain a competitive edge in the marketplace by harming consumers.

No room for ideological riders in our nation’s budget
Earlier this year, hundreds of riders – most of them special favors for big corporations and ideological extremists – were proposed as a part of the FY17 omnibus process. The Clean Budget Coalition and its allies in Congress blocked most of them. Now, with the FY18 budget process getting underway, some members of Congress once again are insisting on including riders. The coalition maintains that these measures, which have nothing to do with funding our government, have no place in the appropriations process.

The FCC can do more to block pesky robocalls
Consumers received 2.4 billion in unwanted telemarketing and robocalls calls in 2016. It’s the biggest consumer gripe filed with the FCC, which receives 200,000 complaints annually about them. The FCC’s new rules allows providers to block calls coming from invalid numbers, unallocated numbers, and numbers whose owners have requested they be blocked. But advocates urge the FCC to do more to reduce the scam calls.

Consumer/privacy groups weigh in on 2017 privacy bills
Privacy and consumer rights groups comment on broadband and internet privacy bills recently introduced in the Senate and House.

Proposed CFPB changes to Home Mortgage Disclosure Act would protect communities
The Consumer Financial Protection Bureau’s proposed changes to the Home Mortgage Disclosure Act (HDMA) would improve the precision of HMDA data definitions and clarify reporting procedures. These changes would enhance the accuracy of HMDA data and its value in assessing whether lenders are meeting community credit needs and in exposing housing and lending discrimination.

The CHOICE Act is WRONG for Americans and the economy
A bill being considered by the House, the Financial CHOICE Act, or more-aptly called “WRONG CHOICE Act” (H.R. 10) would eviscerate post Great Recession safeguards, including most of the Dodd-Frank Wall Street Reform and Consumer Protection Act, putting the U.S. economy and taxpayers in the same perilous position as prior to the financial crisis.

What’s more annoying than robocalls? We could soon find out.
Consumer Action joined coalition advocates in submitting comments to the Federal Communications Commission opposing its proposal to allow private companies and political organizations to send automated messages into consumers’ voicemail inboxes without causing the cellphones themselves to ring. The proposal would move “ringless voicemail” robocalling technology from a regulatory gray area to legal fair game, opening the floodgates for telemarketers and political organizations to inundate Americans’ voicemails with messages hawking products, services, and candidates for office.

Will alt data sources help the credit invisible? It depends.
As the Consumer Financial Protection Bureau (CFPB) takes a closer look at alternative data and the impact it has on those who are deemed “credit thin” or “credit invisible,” consumer advocates submit their own recommendations on the matter. While it’s true that credit invisibility poses a real problem for many, a lack of credit history could be better than negative credit history. Whether the use of alternative data in calculating credit scores is likely to help or hinder one’s access to credit will depend on the information being used, the consumer’s ability to consent to its use, and the way that creditors interpret and apply the data.

Regulatory Accountability Act (RAA) would hurt consumers
Advocates penned a letter to the Senate urging legislators to oppose the Regulatory Accountability Act (RAA) — which should be called the “Regulatory Paralysis Act.” This bill aims to cripple the process for issuing and enforcing regulations that ensure Americans have clean air and water, healthy food and consumer products, fair wages, safe workplaces and many key financial protections.

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