A Message from Consumer Action

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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

Federal government should not be financing gentrification of low-income neighborhoods
Consumer Action joined legal service offices, housing and consumer credit counseling agencies, base organizing groups and civil rights organizations in expressing strong concerns over the Federal Housing Finance Agency's oversight of Government Sponsored Entities (GSEs) and the Federal Home Loan Bank System enabling the displacement of low-income people and people of color.

Consumer advocates keep the heat on multi-level marketing
In 2016, following the FTC's settlement with direct seller Herballife, the commission said it intended to provide additional guidance to the direct selling industry. In anticipation of that guidance, consumer advocates outlined some sound principles that would govern the multilevel marketing industry.

Consumers deserve more control over their credit reports
Consumer, civil rights and advocacy groups wrote to members of Congress to express opposition to the Credit Access and Inclusion Act (HR 435). This legislation, if enacted, would reduce consumers’ control over their own data by preempting state and federal privacy protections, damage the credit scores of millions of consumers with a disproportionate impact on African Americans, and conflict with long-standing state utility regulatory consumer protections.

Bill would damage credit scores of million of consumers
Consumer Action joined the National Consumer Law Center and other organizations in opposition to HR 435—legislation that would reduce consumers’ control over their own data by preempting state and federal privacy protections, damage the credit scores of millions of consumers with a disproportionate impact on African Americans, and conflict with long-standing state utility regulatory consumer protections.

Updates needed to protect servicemembers from debt collectors
Consumer Action joined the National Consumer Law Center and other groups in a letter to the House and Senate armed forces committees urging updated rules to protect servicemembers from predatory practices by companies that seek to take advantage of them as a result of their uniforms.

Do not exempt mortgage lenders from reporting on underserved communities
Groups oppose legislation that would exempt certain lenders from reporting on closed-end mortgage loans if the depository institution originated fewer than 1,000 such loans in each of the two preceding years.

Advocates call on Congress do more for victims of Equifax breach
The Equifax data breach is prompting advocates to call on Congress for better protection of consumers' sensitive financial information. Not only should free credit freeze legislation be implemented immediately, but Congress should also resist the financial and banking industries attempts to pass legislation that preempts stronger state laws in matters that relate to consumers’ data security and privacy.

ED urged to put students’ interest first as it reconsiders critical regulations
Consumer Action joined veteran, student, civil rights and college advocates in submitting public comments to U.S. Education Secretary Betsy DeVos urging the Department of Education to place the interests of students at the forefront as it explores potential changes to student lending regulations. The comments specifically urge the Department to reverse course and enforce, rather than roll back, existing regulatory protections for students and taxpayers.

Secretary DeVos called on to protect student loan borrowers of color
Consumer Action joined the Leadership Conference on Civil and Human Rights, a coalition of more than 200 national advocate organizations, in sending a letter to U.S. Secretary of Education Betsy DeVos, expressing strong concerns about the Department of Education’s recent changes to student loan servicing, debt collection, and higher education regulations and their impact on Black and Latino borrowers. These actions are inconsistent with the Department of Education’s responsibility to advance higher education and serve the interests of all students, including students of color.

Pell Grants remain in jeopardy, impacting vulnerable low-income students
Student debt is hitting record highs and low-income students already graduate with the most debt. Yet some in Congress are planning to raid Pell Grant funds to spend them on other programs. These Pell funds are reserved to help make sure the most financially vulnerable college students don't have to borrow even more. Pell Grants are essential for providing low- and middle-income students the opportunity to attend and complete college, and pursue careers in an economy that increasingly requires a postsecondary education.

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