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.
Table of Contents
A permanent replacement of FHFA’s DeMarco is crucial
In a letter to President Obama, Consumer Action and supporting organizations ask that a recess appointment be made to fill the director position at the Federal Housing Finance Agency (FHFA), currently being held by acting director Edward DeMarco. After DeMarco's decision to not allow the GSEs to participate in the Home Affordable Modification Program Principal Reduction Alternative (HAMP-PRA), a permanent appointment is seen as a crucial step in repairing the damage done by the housing crisis.
CFPB should review reloadable prepaid cards
Consumer Action submitted comments to the Bureau of Consumer Financial Protection (CFPB) recommending legal protections for prepaid cards regarding their limits, fees, and error disputes.
Improvements should be made to CFPB’s consumer complaint database
In a letter to the Consumer Financial Protection Bureau (CFPB), Consumer Action and other advocates recommend expanding the type of complaints included in the new public database and ask that the database be made more user friendly. Consumer Action advocates for making actual complaint narratives public (while redacting personal info) and asks the Bureau to collect protected class data (where consumers are willing) to detect patterns of discrimination while protecting personal info.
Supporting AB 2296
Consumer Action supports AB 2296, as amended, which provides students with quality education and career preparation beyond high school.
Rental-to-own bill is a wolf in sheep’s clothing
Consumer Action joined in a letter urging Congress to oppose H.R. 1588 that purports to protect consumers in rent-to-own contracts but ends up overruling stronger state laws.
CFPB should review impact of forced arbitration outside of skewed proceedings
In a letter to the Consumer Financial Protection Bureau (CFPB), Consumer Action and other advocates expressed support for their announced study on forced arbitration and asked the agency to review the real-world consumer impact of the practice outside of arbitration proceedings, which are paid for by companies and in which consumers almost always lose.
Federal Housing Finance Agency’s Strategic Plan
Consumer groups are disappointed that a proposed strategic plan released by the Federal Housing Finance Agency lacks detail on how to better achieve access and affordability for underserved yet prepared borrowers.
JOBS Act Rulemaking: Title II
The coalition calls for the SEC to make improvements in the JOBS Act.
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.
Call for Postmaster General Donahoe’s resignation
Consumer Action joins Ralph Nader in a critical broadside highlighting fumbles by USPS leader.