Postings

It’s time for Wall Street traders to pay their fair share
A tiny tax on financial transactions aims to raise revenue and cut down on speculative behavior in the stock market. The Wall Street Tax Act of 2019 would impose a small tax (0.1 percent, or 10¢ per $100) on securities transactions, including trades of stocks, bonds and derivatives.

Forced arbitration silences victims and should end
Consumer Action joined coalition advocates in supporting Senator Sherrod Brown’s (D-OH) effort to restore Americans’ right to a day in court with the Arbitration Fairness for Consumers Act (S. 630). Ending the use of forced arbitration in student loans, credit card agreements, and employment contracts gives working Americans a fighting chance against powerful special interests.

Consumers need stronger credit reporting protections
Consumer Action joined over 80 advocate organizations in supporting the biggest overhaul of the consumer credit reporting industry in years. House Financial Services Committee Chairwoman Maxine Waters’ introduced the Comprehensive Consumer Credit Reporting Reform Act of 2019—legislation that aims to protect consumer data, prevent identity theft, and ensure the accuracy of consumer credit files.

Americans are ready for comprehensive reform to lower prescription drug prices
A coalition of progressive grassroots and policy organizations sent a letter urging Congress to lower prescription drug prices for the American people. The letter urges House leadership to develop and pass bold, comprehensive reforms that would lower drug prices for all Americans, regardless of whether they are covered by Medicare, private insurance, or Medicaid.

The time is now for a FAMILY bill to be passed
There’s never been more national and state-level attention to America’s need for paid family and medical leave. A record number of members of Congress have voiced support for a shared vision for what a real national paid leave plan looks like–one that covers parental, family care, personal medical and military families’ needs with adequate, sustainable funding and meaningful legislation.

The CREATES Act protects patients from outrageous prescription drug costs
When it comes to prescription medicines, patients win when companies innovate new cures and treatments. Patients also win when more affordable generic versions of those medicines enter the market. Unfortunately, some drug manufacturers aren’t playing by the rules.

Protect consumers, not pyramid-scheme businesses
Consumer Action joined advocates in urging the co-sponsors of the 2018 Anti Pyramid Promotional Scheme Act to refrain from reintroducing the bill in the 116th Congress. If this bill were to become law, it would eliminate the Federal Trade Commission’s authority to take action against all but the most blatant pyramid schemes, leaving millions of consumers vulnerable to fraud.

How the government shutdown puts working families at risk
As the longest federal government shutdown in our nation’s history drags on, advocates raised concern as to how working families could potentially be harmed long after the government reopens its doors. Without a paycheck, federal employees fear losing their homes, consider risky financial loans in lieu of income, tax credits and refunds, and worry about the lasting impact that missed bill payments will have on their credit.

The time is now for comprehensive consumer data privacy legislation
Consumer and privacy organizations released a framework for comprehensive privacy protection and digital rights for members of the 116th Congress. In it, they stated that U.S. data privacy laws must be overhauled (without pre-empting state laws) and a new data privacy agency should be created to confront 21st century threats and address emerging concerns for digital customers.

The 116th Congress should put students at the top of their agenda
Consumer Action joined 49 advocate groups in urging members of Congress to work toward a Higher Education Act (HEA) reauthorization bill. The HEA bill should broaden opportunities for students, including low-income students and students of color, and increase accountability to protect students, families and taxpayers from low-quality and unscrupulous colleges.

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