Postings

Stop the onslaught of annoying robocalls
Consumer Action signed on to support public testimony to the U.S. House of Representative's Subcommittee On Communications and Technology regarding potential legislative solutions to the rampant problem of illegal scam and spoofed robocalls.

Flawed HUD report lets Bank of America off the hook for possible lending violations
Consumer Action joined a group letter to the Department of Housing and Urban Development (HUD) to express serious concerns regarding a recent flawed report that incorrectly concluded that Bank of America complied with HUD rules prior to selling defaulted loans through its Distressed Asset Stabilization Program. The report relied on an inadequate sampling of loans, relied completely on Bank of America’s files, and did not include critical input from U.S. Federal Housing Administration (FHA) insured borrowers.

Personal data has potential to fuel discrimination
26 civil society organizations sent a letter to Congress calling on legislators to ensure that any federal privacy legislation addresses the discriminatory impacts of commercial data practices and protects people of color, women, religious minorities, members of the LGBTQ+ community, persons with disabilities, persons living on low income, immigrants, and other vulnerable populations.

ED’s staffing shortage creates problems for struggling borrowers
A coalition of legal aid, civil rights, consumer advocacy, public interest, and veterans organizations wrote to Secretary DeVos to demand that the U.S. Department of Education take immediate steps to address the ongoing, unprecedented, and system-wide problems and delays currently plaguing its default servicing system.The disruptions could delay struggling borrowers from getting back on track with their student loans through loan rehabilitation.

Is Mercedes-Benz cheating us out of clean air?
Mercedes-Benz stands accused of installing cheat devices into its diesel vehicles to evade U.S. emissions laws at the expense of consumers and the environment. Consumer Action joined advocates in urging Congress to help hold Mercedes accountable.

Arbitration in America hurts consumers
In advance of the Senate Judiciary Committee hearing entitled “Arbitration in America,” advocates warn that arbitration is a rigged system that has left little recourse for wronged employees and consumers.

PROTECT students from predatory for-profit schools
The PROTECT Students Act of 2019 would safeguard students, including veterans and servicemembers, from predatory for-profit colleges and ensure higher education meets the needs of hard-working students.

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.

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