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

Revamping the CFPB’s “Qualified Mortgage” standard could impact credit availability
The Consumer Financial Protection Bureau’s (CFPB) proposed changes to the Qualified Mortgage (QM) definition would allow the government-sponsored enterprise (GSE) patch to sunset in 2021. Advocates warn that terminating the patch could cut off adequate access to mortgage credit to borrowers who are self-employed or more likely to work non-traditional jobs and don’t often conform to traditional QM standards, including borrowers of color and borrowers with student debt.

Consumer Action joins the Ban Facial Recognition Campaign
Facial recognition surveillance is biased, invasive and it violates basic rights. Members of a new coalition privacy effort, the Ban Facial Recognition Campaign, are urging Congress to pass legislation that bans the government from using this dangerous technology to spy on the American public.

Vehicle owners should have control over their vehicle’s data
Consumer Action signed on to the U.S. Vehicle Data Access Coalition’s comment letter regarding bi-partisan and bi-cameral autonomous vehicle legislation to members of Congress. The coalition has the federal legislative goal to reaffirm and codify a motor vehicle owner’s right to control the motor vehicle data generated by their vehicles.

The never-ending scourge of unwanted calls continues to plague Americans
As consumers continue to be overwhelmed with unwanted robocalls, advocates urge the Federal Communications Commission to go beyond its initial proposal and require phone companies to implement caller-ID authentication technology, opt-out tools for scam calls, and opt-in call-blocking tools for other unwanted calls.

Equifax data breach demonstrates the need for stronger cybersecurity regulation
As the Federal Trade Commission proposes amendments to its Safeguards Rule, consumer and privacy advocates urge for stronger data privacy regulations regarding nationwide consumer reporting agencies, including Equifax, Experian and TransUnion, and other high-risk sectors, including tax preparers and financial technology firms.

New College Affordability Coalition releases new principles for the Higher Education Act
As Congress plans to reauthorize the Higher Education Act (HEA), a new coalition has formed to advocate for needed federal investments and protections in order to promote more equitable outcomes within our higher education system.

It’s time for swift action on robocalls
In comments to the Federal Communications Commission (FCC), advocates call for more effective robocall protections by default. Advocates urge the FCC to redouble its efforts against the scourge of unwanted calls by implementing stronger legal protections, holding phone companies accountable for their customers and using technology to intercept scam calls before they enter the phone system.

DeVos clears the way for more fraudulent schools at taxpayers’ expense
The Trump administration proposed an overhaul of federal standards for college accreditors, arguing that the current rules stifle innovation. Advocates are warning that the proposed changes weaken existing oversight and give low-performing schools even more leeway to defraud students and taxpayers.

Overhauling the nation’s broken credit reporting system
Democratic members of the Financial Services Committee are calling upon Congress to enact legislation to reform the credit reporting system, enhance consumers’ credit reporting rights, create more transparency over the consumer reporting and credit scoring process, and increase the accountability of those who develop credit scoring models.

Don’t water down banks’ overdraft opt-in rule
For many banks, overdraft fees are a huge source of income, despite regulations that sought to restrict banks from charging them unless customers opted into overdraft protection coverage. Now the CFPB is reviewing the overdraft rule and asking for input. Advocates warn that relaxing the rule could be detrimental to consumers and their bank accounts.

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