Table of Contents

The Fair Debt Collection Practices Clarification Act
Coalition asking Rep. Barney Frank to modify language that would increase the burden for consumers asserting their rights against debt collectors.

Raechel and Jacqueline Houck Safe Rental Car Act
“The Raechel and Jacqueline Houck Safe Rental Car Act” (S. 1445), introduced by Sen. Schumer, which would close the loophole that allows rental companies to rent and sell vehicles that are under a safety recall without getting them repaired. S 1445 was opposed by each of the major rental car companies and their trade association.

Comments on payday lending abuses
Comments on payday lending abuses in response to the Consumer Financial Protection Bureau’s request after its January field hearing in Birmingham, Alabama.

On the FSC proposal to eliminate budgetary independence of the CFPB
The coalition strongly opposes the FSC proposal to eliminate budgetary independence of the CFPB.

AFR on the CFPB’s proposed definitions
Coalition comments to define the “larger” debt collectors and consumer reporting agencies, who will be subject to regular examinations by the CFPB

Fuel standards are good for consumer pocketbooks
Consumer Action signed onto comments to the National Highway Transportation Safety Administration (NHTSA) which urge the agency to adopt higher fuel economy standards of 54.5 MPG.

The Know Before You Owe Act of 2012
Senators Durbin and Harkin introduced the Know Before You Owe Act, which requires school certification for all private student loans.

Organizations demand immediate foreclosure policy changes from FHFA
In a letter to Edward DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), Consumer Action and other community groups voiced their concerns with the agency's practices and demand that they temporarily stop Fannie Mae and Freddie Mac foreclosures.

Qualified mortgages definition must go further to protect homeowners
Consumer Action joined in a coalition letter to Richard Cordray, Director Consumer Financial Protection Bureau, making specific recommendations regarding the definition of Qualified Mortgages (QM) for homeowners.

Recommendations to the CFPB on streamlining regulations
In coalition with Americans for Financial Reform and others, Consumer Action signed onto comments submitted to the Consumer Financial Protection Bureau (CFPB) with ideas on how to streamline certain financial regulations.