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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.


Don’t restrict the CFPB’s oversight of auto financing issues
In the latest effort to restrict the Consumer Financial Protection Bureau’s (CFPB) jurisdiction, legislators target the agency’s regulatory power over the auto financing industry. The “Reforming CFPB Indirect Auto Financing Guidance Act” (H.R. 1737) places unnecessary restrictions on the agency and is designed to hamper the agency’s attempts to bring fairness and transparency to the auto lending market.

Policy riders threaten vital public safeguards, hijack budget process
A coalition of 178 groups is urging President Barack Obama and all 535 members of Congress to oppose any federal appropriations bill that contains inappropriate and ideological policy riders. These riders would jeopardize policies that restrain Wall Street abuses; guarantee clean air, food and water; ensure safe consumer products and continued access to vital health care services; keep homes and workplaces safe; prevent consumer rip-offs; and hold big corporations accountable for wrongdoing.

“Full file” reports undermine existing protections and harm consumers credit
Consumer advocates wrote Congress in opposition of H.R. 3035, the Credit Access and Inclusion Act of 2015. This legislation, if enacted, would preempt state utility regulatory and legislative authority, risk damaging the credit scores of millions of low-income consumers and conflict with long-standing state utility regulatory consumer protections.

Keep auto insurance affordable for everyone
The Federal Insurance Office (FIO) must establish a strong affordability standard for low- and moderate-income Americans, according to nearly 50 organizations from 23 states and DC that jointly submitted comments to FIO. The groups called on FIO to move forward with its proposal to collect data directly from insurance companies and review the cost of basic liability auto insurance for tens of millions of financially strained drivers.

Recalled vehicles should not be rented to consumers
Those who frequently drive rental cars should feel more secure behind the wheel. Senator Claire McCaskill introduced an amendment that will force rental companies to perform recalls on their vehicles before they can be driven by consumers. An earlier GOP proposal would have allowed unsafe, potentially dangerous vehicles to remain in service or sold as long as the customer was warned of the recall.

Loan servicing standards need to improve for students and families
In response to the Consumer Financial Protection Bureau’s (CFPB) request for information, consumer advocates brought to light issues commonly found within the student loan servicing industry. Wide-spread problems relating to miscommunication, payment processing errors, dispute resolution and servicer transfers are a few areas the advocates asked the CFPB to address.

It’s time to end predatory college-bank partnerships
The Department of Education’s proposed changes to "Cash Management" rules governing student financial-aid disbursements are a strong step towards curbing the misuse of the federal student-aid system — specifically college-bank partnerships that aggressively market to students and steer them into high-fee bank accounts.

Keep the “consumer watchdog” independent of partisan politics
The House Appropriations Committee is reviewing a provision in the “Financial Services and General Government” appropriations bill that would bring funding for the Consumer Financial Protection Bureau (CFPB) under the annual congressional appropriations process, instead of continuing to fund the agency directly from the Federal Reserve. This means partisan politics stands to restrict the CFPB’s regulatory authority by holding its purse strings and requiring the agency submit unnecessary reporting.

Protecting borrowers, not banks, from risky loans
Coalition advocates wrote to Congress asking them to oppose H.R. 1210. The bill would change the new Qualified Mortgage rules in the Wall Street Reform and Consumer Protection Act’s Ability-to-Repay requirement. Lenders should make a good-faith effort to determine a borrower’s ability to repay a mortgage before extending them a loan. Instead, H.R. 1210 contains an unnecessary exemption that puts all the risk on the borrower and protects the lenders from legal responsibility.

ED can do more to prevent widespread fraud
In light of the recent bankruptcy of Corinthian Colleges, and its subsequent campus shutdowns, coalition advocates urge the Education Department to develop a proactive strategy that would prevent for-profit schools that are under investigation for predatory practices from receiving federal aid and further defrauding students.

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