Consumer Protection Updates

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.

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.

News Release | U.S. PIRG | Financial Reform

Financial “CHOICE” Act is “Cruel Choice” for CFPB & Consumers & Students

U.S. PIRG release opposing new Financial Choice Act 2.0 to be considered soon in House. Our release points out that just today, the CFPB proved yet again that it is needed to protect consumers, in this case, student consumers, since student loan complaints are spiking.

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.

Report | U.S. PIRG Education Fund | Financial Reform

Medical Debt Malpractice

Millions of Americans are contacted by debt collectors every year over debt related to medical expenses. "Medical Debt Malpractice" is the latest (9th) in our series based on analysis of complaints in the Consumer Financial Protection Bureau's public complaint database. The report demonstrates that the CFPB is a critical agency protecting consumers against unfair financial practices and needs to be defended against special interest attacks.

News Release | U.S. PIRG | Financial Reform

New report shows victims of aggressive tactics from medical debt collectors

A new U.S. PIRG Education Fund Report documents consumer complaints to the Consumer Financial Protection Bureau about medical debt. Most complaints are about debt never owed, already paid, or not verified as the consumer's debt. The report demonstrates the ongong need to defend CFPB from speical-interest attacks.

Last year, an Environmental Protection Agency (EPA) panel found that a chemical pesticide, chlorpyrifos, is unsafe to ingest at any level. So in November of 2016, the EPA proposed to completely ban its use. But last week the EPA changed course: Scott Pruitt announced that EPA will let Big Ag keep using this chemical on food.

Last fall, a divided three-judge panel of the U.S. Court of Appeals for the D.C. Circuit wrongly concluded that the leadership structure of the Consumer Financial Protection Bureau violates the Constitution. U.S. PIRG Education Fund, along with many others, urged the full D.C. Circuit to rehear the case and correct the obvious errors in the panel’s decision. We were pleased when the D.C. Circuit agreed with our position and decided to rehear the case.

Some Tips To Protect Internet Privacy

By | Ed Mierzwinski
Consumer Program Director

You may have heard that Congress just voted to take away many of your online broadband privacy protections. After a little background, we will give you some tips on how to protect what’s left.

Congress Votes Against Consumers and Internet Privacy

By | Kara Cook-Schultz
Toxics Program Director

Yesterday, the House voted to gut online consumer protections, and if the president signs the legislation, internet service providers will be able to use and sell consumers’ personal information without their permission.

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DEFEND THE CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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