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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.


Does CarMax sell dangerous cars to consumers?
Consumer Action joined 10 organizations in asking the Federal Trade Commission (FTC) to investigate auto retail giant, CarMax over claims that its advertisements are deceptive because CarMax does not fix used vehicles under recall before it sells them. CarMax, the nation’s largest used-car retailer, runs ads promising that the vehicles it sells have undergone rigorous quality inspections.

"Choking" banks that don't respond to the threat of consumer fraud
The Department of Justice (DoJ) responds to the proliferation of financial fraud by cutting off access to banks and payment processing companies that enable wrongdoers to debit victims' bank accounts and move money around. Its Operation Choke Point helps eliminate unlawful activity like senior fraud, payday loan fraud, bogus debt relief services and other mass-marketing fraud schemes that cause tens of billions of dollars of losses each year from millions of individuals and businesses. Consumer Action joins coalition advocates in urging the Senate to support the DoJ's Operation Choke Point and other efforts that protect consumers and taxpayers from fraud.

Advocates ask for auto insurance affordability study
Consumer Action joined over 30 organizations from around the country in urging the U.S. Treasury Department’s Federal Insurance Office (FIO) to collect data from insurance companies in order to assess the affordability of auto insurance for low- and moderate-income Americans and those living in historically underserved communities. Advocates want to know what discounts, if any, are extended these customers and who qualifies for the programs.

In support of the CFPB: standing up in favor of more transparent banking
In response to the 11 proposals and bills that were designed to harass and undermine the authority of the Consumer Protection Bureau (CFPB), coalition advocates urged Congress to stop obstructing reasonable regulation that serves to protect consumers and the financial industry from another financial crisis. While the bills before the committee are an attempt to portray the CFPB as a too-powerful agency that threatens consumer freedom and privacy, it is clear that the CFPB is getting results for consumers and making markets work better.

Privatizing tax collection wastes taxpayer money, and that's not the only problem
Coalition advocates oppose language in the EXPIRE Act of 2014 that requires the use of private collection companies to collect taxes on a commission basis. The use of private debt collectors harms taxpayers by exposing them to potential abuses that are unfortunately common within the student loan industry. It will also disproportionately impact low-income taxpayers. Paying private collectors is a waste of taxpayer dollars, lining the pockets of private companies at the expense of the U.S. Treasury.

SECURE Act helps consumers clear up credit reporting errors
Data that determines consumers' credit worthiness, and the agencies that handle this data, should be obligated to ensure consumers' information is accurate and their inquiries and disputes are being answered. Consumer Action and advocates urge Senate to support the Stop Errors in Credit Use and Reporting (SECURE) Act, which pushes for more credit reporting transparency and accountability industry-wide.

Proposed Freddie and Fannie reform needs work
Significant changes are needed to improve and strengthen the proposed Johnson-Crapo housing finance reform legislation before it could provide the access to affordable credit guaranteed by Fannie Mae and Freddie Mac. If this bill became law in its current form, it would be a giant step backward for the working class, people of color, Millennials, and other traditionally under-served communities.

Debt collection abuse could get worse if lawyers are let off the hook
Lawyers and law firms have been at the forefront of some of the worst debt collection abuses in this nation. Rather than limiting protections, we need to increase them for consumers. The proposed Fair Debt Collection Practices Act (“FDCPA”) of 2013 (HR 2892) would effectively permit lawyers and law firms engaging in debt collection to evade essential requirements of the FDCPA which prohibit deceitful and unfair practices and prevent consumer harassment. Consumer Action joined coalition advocates in urging Congress to oppose HR 2892.

Limiting the CFPB's power helps Wall Street, hurts consumers
The deceptively named bill, Consumer Financial Freedom and Washington Accountability Act (H.R. 3193), would replace the position of Director of the Consumer Financial Protection Bureau (CFPB) with a five-member commission, would change the voting standard for the Financial Stability Oversight Council from a two-thirds majority to a simple majority vote, and would make the agency subject to the congressional appropriations process rather than the current funding system through the Federal Reserve.

Homeowners could face extra tax burden in 2014
The foreclosure crisis is far from over for many homeowners. The expiration of the Mortgage Forgiveness Debt Relief Act means those who were forced to short sell their homes will be subject to higher tax rates by the IRS.

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