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 "For More Information" at the end of each article.
 

Postings

Support Elizabeth Warren for consumer watchdog job
Consumer, civil and human rights organizations wrote to President Obama on Aug. 9 to urge him to nominate Elizabeth Warren to serve as the first director of the Consumer Financial Protection Bureau (CFPB).

Students need protection from schools that don't deliver "gainful employment"
Consumer Action signed onto a letter asking the U.S. Secretary of Education Arne Duncan and the former Director of the Office of Management and Budget Peter Orszag to issue a clear definition of the "gainful employment" provision in student loan regulations in order to ensure students, and taxpayers, are getting what they pay for from colleges and universities.

Regulatory role of Labor Department should frame debate on retirement plans
Fund Democracy, Consumer Federation of America,and Consumer Action wrote a letter responding to a call for information on the Department of Labor's proposed changes to 401(k) retirement plans.

No two-tier campaign finance laws: Consumer groups oppose DISCLOSE Act
A coalition of groups, including Consumer Action, sent a letter to House Speaker Nancy Pelosi expressing disapproval of an exemption for the National Rifle Association in a pending campaign finance bill.

Chase should revisit consumer marketing materials on overdraft fees
Consumer Action, along with other groups, sent a letter to J.P. Morgan Chase Bank, following a meeting with the bank's CEO of Consumer Banking, Scott Powell. The letter asks Chase to consider problems with marketing materials describing how consumers opt-in to overdraft fees.

Protection means choice: Give the CFPB and SEC authority over forced arbitration
Members of the Fair Arbitration Now coalition sent a letter to the Senate asking them to support provisions in the financial reform package that give the proposed Consumer Financial Protection Bureau and the Securities and Exchange Commission the ability to restrict forced arbitration.

Banks must be closely supervised as they implement overdraft opt-in rules
In letters to both Sheila C. Bair, Chairman of the Federal Deposit Insurance Corporation and Acting Director of the Office of Thrift Supervision John Bowman, Consumer Action and its coalition partners asked that these agencies closely monitor the implementation of new overdraft opt-in rules.

Financial reform must include a strong, independent consumer regulator
Consumer Action joined its coalition members in asking Senator Christopher Dodd, Chairman of the Committee on Banking, Housing and Urban Affairs to ensure that financial reform includes a regulatory structure that is able to truly protect consumers.

Give prepaid cards the same protections as debit cards
In coalition with other consumer organizations, Consumer Action asked Federal Reserve Chairman Ben Bernanke to apply the consumer protections that debit cards have to prepaid cards as well.

Financial protection agency could stop next recession
In coalition with a large number of organizations, Consumer Action sent a letter to Senator Dodd asking for his continued support of the Consumer Financial Protection Agency.

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