Banking

• Advocates support bill to increase protections for bank account and payment app users
• Organizations comment on proposals to reform the bank merger process
• CFPB rule would curb abusive overdraft fees
• Bank CEOs are urged to make good on promises to close racial wealth disparities
• More than 50 organizations support the Tax on Wall Street Speculation Act
• FDIC should downgrade FinWise Bank over predatory ‘rent-a-bank’ lending
• Regulation urged to rein in excessive overdraft fees
• Groups push for reforms that make Community Reinvestment Act race- and climate-conscious
• Addressing abusive overdraft fees would greatly benefit the most vulnerable consumers
• Needed reform for overdraft fees
• “Buy Now, Pay Later” is not always the best deal for consumers
• Stronger CRA rules still needed to ensure equal access to credit
• The system is broken: It’s time for income-driven repayment reform
• Regulators should reject FinTech startup’s bank charter application
• Biden should remove FDIC Chair for refusing to follow the law
• Feds should halt bank mergers until guidelines are strengthened
• Advocates ask the CFPB to bring back public consumer complaint narratives
• CFPB urged to reverse earned wage actions that could create dangerous FinTech payday loopholes
• Requiring SSN collection by peer-to-peer payment services puts consumers at risk
• Advocates join in support of legislation that targets predatory banking fees
• FinTech users deserve strong data use protections
• Choice of retirement plan disclosure notice still important for workers and retirees
• Support closing the 90/10 loophole to protect students during the COVID-19 pandemic
• Over 100 groups call on Federal Reserve to Strengthen CRA
• New banking rule aims to prop up fossil fuel industry
• Allies urge CFPB Director not to weaken its enforcement arm
• Advocates tell CFPB: “Stop violations of the Fair Credit Reporting Act.”
• The next COVID-19 relief package should include these critical consumer protections
• More than 100 non-profit groups support bill that would require corporations to disclose important data to address potential profit shifting
• FDIC plans to preempt state lending protections is met with ire from advocates
• Labor Department should withdraw policy that lets private equity loot retirement plans
• HUD must do more to protect older reverse mortgage borrowers
• Advocates call for automatic discharge of student loan debt for disabled borrowers
• Federal deregulation attempts increase barriers to affordable housing
• OCC proposal could greenlight predatory lending schemes
• Advocates applaud the Fed’s faster payments system, but urge fraud protection
• Stop banks from helping predatory payday lenders evade state regulations
• Revamping the CFPB’s “Qualified Mortgage” standard could impact credit availability
• Don’t water down banks’ overdraft opt-in rule
• New Jersey steps up to protect investors from predatory products and advice
• California to lead the effort to protect student loan borrowers
• It’s time for Wall Street traders to pay their fair share
• Forced arbitration silences victims and should end
• It’s buyer beware with the SEC’s latest best interest proposal
• The CFPB’s consumer education programs must be protected
• 10 years after Great Recession, Senate considers Dodd-Frank rollbacks
• SAFE Lending Act protects working families from cycle of debt
• Policy riders are a shady attempt at regulating CFPB
• Federal government should not be financing gentrification of low-income neighborhoods
• Consumers deserve more control over their credit reports
• Advocates call on Congress do more for victims of Equifax breach
• Secretary DeVos called on to protect student loan borrowers of color
• Enough with the sneaky and harmful policy riders
• Fiduciary rule should extend to non-retirement accounts too
• The FHFA should make mortgages more accessible to people with LEP
• The CFPB champions consumers over Wall Street once again!
• The CHOICE Act is WRONG for Americans and the economy
• Will alt data sources help the credit invisible? It depends.
• Regulatory Accountability Act (RAA) would hurt consumers
• DASH for the STASH: Learn investment skills, enter to win cash
• The Choice Act 2.0 is the WRONG choice for consumers
• A push for regulatory leadership that is unimpeachably independent
• Will Judge Gorsuch uphold a consumer’s right to a civil trial by jury?
• The CFPB: A champion for student loan borrowers too
• Mnuchin unfit to serve as Treasury Secretary—Senate should oppose nomination
• Hands off the CFPB!
• Consumer Action joins Alliance for Investor Education
• The ‘Foreclosure King’ is an unfit choice to run the U.S. Treasury
• Innovation should not come at the expense of consumer protection
• Preventing FinTech from avoiding regulation and preying on consumers
• Stand up for low-income students by protecting Pell Grant funds
• Green loans may cause homeowners to see red
• More can be done to protect immigrant victims of Wells Fargo’s fraud
• Consumers have a right to their day in court
• More policy riders intended to threaten retiring Americans, hijack budget process
• Keep the CFPB strong on forced arbitration
• Protect Pell Grant funding for students
• What is the Department of Education waiting for?
• Building a resolution-focused complaint database students need
• In favor of stronger banking fraud protections for consumers
• CEOs urged to stop using forced arbitration
• Against changing the leadership structure of the CFPB
• Lawmakers open the door for discrimination when buying a car
• The highway bill turned into a dangerous road for consumers
• Payment processors can play a key role in mitigating fraud
• Financial professionals should act in their clients’ best interest
• Policy riders threaten vital public safeguards, hijack budget process
• The SEC should make shareholder reports accessible to all
• Loan servicing standards need to improve for students and families
• It’s time to end predatory college-bank partnerships
• Keep the “consumer watchdog” independent of partisan politics
• Protecting borrowers, not banks, from risky loans
• ED can do more to prevent widespread fraud
• Advocates oppose effort to suspend lender liability under new mortgage rules
• Lawmakers siding with predatory payday lenders over troops
• Operation Choke Point protects consumers from fraud
• Another attempt to undermine the consumer watchdog
• Deciding what’s “fair” when reforming tax laws
• Federal data breach law would preempt stronger state laws
• Financial advisor conflict-of-interest rule a win for consumers