Coalition EffortsConsumer 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.
Stronger gainful employment rule is needed to protect taxpayers
Stronger reform is needed to protect students and taxpayers from for-profit schools that receive federal funding, but do not meet educational requirements, graduate their students, or provide the skills needed for graduates to find post-graduation employment. Consumer Action and 50 other consumer advocates drafted a letter to the President addressing several flaws in the current gainful employment legislation, proposed by the Department of Education, that aims to protect Americans from for-profit college shortcomings.
Better records needed for banks selling consumer debt
Unlawful debt buyer practices have caused great harm to Americans and present significant risks for banks' reputations. In a letter to the Office of the Comptroller of the Currency (OCC), Consumer Action and coalition advocates address many of the problems seen with respect to debt collection by debt buyers, and detail the harmful impact on lower-income people and communities.
Consumers suffer when their accounts are debited improperly
Millions of unauthorized payments are processed each year and that amount is increasing. Consumer Action pushes for stronger measures to stop illegal payments from being taken out of consumers’ bank accounts.
Remote checks debit consumer accounts without consent
One way to improve the U.S. Payment System is to ban remotely created checks.
Know Before You Owe to help students get on the path to success
The Know Before You Owe Act would help students and families better understand their borrowing options so that they find the most affordable ways to finance their education.
Payday loans are dangerous for consumers
Banks pitch payday loans as short-term borrowing that allows their customers to deal with a financial emergency, repay the loan, and move on. In fact, CRL's research shows that their triple-digit interest rate loans trap borrowers in a long-term cycle of repeat loans.
SAFE Lending protects consumers from risky practices
In a letter to Rep. Suzanne Bonamici, Consumer Action joins other advocates in supporting the SAFE Lending Act of 2013. This legislation seeks to protect consumers from abusive practices in payday lending.
Comments to the CFPB opposing proposed relaxation in remittance rules
The Consumer Financial Protection Bureau (“CFPB”) has proposed three reductions in consumer protections for remittance senders. The proposed changes seriously, and erroneously, undermines the critical new protections for international remittances required by Congress in 2010 as part of the Dodd Frank Act.
Priority legislation needed to avoid fiscal cliff
As the U.S. approaches the fiscal cliff, Consumer Action and more than 140 national organizations urged President Obama and Congress to work together to prioritize job creation, oppose benefit cuts to social services, and require corporations and wealthy individuals to pay their fair share.
Additional requirements for charitable hospitals needed
Consumer Action supports the IRS' new standards for hospitals regarding their written financial assistance policies and offers suggestions to ensure further transparency and disclosure.