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How Has the CFPB Helped Consumers?

By | Elizabeth Ridlington
Policy Analyst

The Consumer Financial Protection Bureau has helped consumers reclaim billions of dollars lost through unfair financial practices. As of the end of 2016, the CFPB had returned more than $11.8 billion to 29 million customers.

The Trump Administration wants to build highways and appears to be willing to do so at the expense of critical transit investment programs designed to build a transportation system that is cleaner, healthier, more accessible, and equipped to build an economy for the 21st Century. Eliminating funding for TIGER and Transit New Starts Grants, as the administration has proposed to do, is a step in the wrong direction.

Prepaid card consumer protections on the chopping block

By | Anna Low-Beer
Digital Campaigner

Commonsense consumer protections for prepaid cards against fraud, hidden fees and overdraft charges are on the Congressional chopping block. Resolutions have been introduced in both the House and the Senate that would roll back an important prepaid card rule created by the Consumer Financial Protection Bureau last year.

Financial Choice Act: A Cruel Choice for the CFPB & Consumers

By | Ed Mierzwinski
Consumer Program Director

UPDATED 4/25 with link to our letter to Congress. This week, on Wednesday 4/26, the House FInancial Services Committee holds a hearing on Chairman Jeb Hensarling's Financial Choice Act 2.0. It's a brutal un-do of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that forgets, or ignores, the historical fact that reckless bank practices abetted by loose regulators wrecked our economy in 2008. A key goal of the proposal is to weaken the successful CFPB into an unrecognizable husk incapable of protecting consumers.

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