A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.

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.

 

Postings

Robocall madness: It’s time to stop the scams and abuse
In a letter to the ranking members of the Subcommittee on Communications and Technology and Committee on Energy and Commerce, advocates announced their support of the bipartisan Stopping Bad Robocalls Act (H.R. 3375). They urged legislators to support the bill without amendments in order to stop the abuse all Americans endure through robocall violations.

New Jersey steps up to protect investors from predatory products and advice
New Jersey’s Bureau of Securities announced a proposal that would impose a fiduciary duty on anyone giving investment advice, including brokers. Advocates greatly appreciate states such as New Jersey that are willing to step in to fill the regulatory void by providing the protections investors need and expect. New Jersey is one of several states, including Nevada and Massachusetts, seeking to set their own investment advice standards.

California to lead the effort to protect student loan borrowers
AB 376, the Student Borrower Bill of Rights, would make California the first state in the nation to create a comprehensive set of rights for people holding student debt by requiring student loan companies to treat borrowers fairly and giving borrowers the right to hold these companies accountable when they fail to meet basic servicing standards.

ED’s staffing shortage creates problems for struggling borrowers
A coalition of legal aid, civil rights, consumer advocacy, public interest, and veterans organizations wrote to Secretary DeVos to demand that the U.S. Department of Education take immediate steps to address the ongoing, unprecedented, and system-wide problems and delays currently plaguing its default servicing system.The disruptions could delay struggling borrowers from getting back on track with their student loans through loan rehabilitation.

Arbitration in America hurts consumers
In advance of the Senate Judiciary Committee hearing entitled “Arbitration in America,” advocates warn that arbitration is a rigged system that has left little recourse for wronged employees and consumers.

PROTECT students from predatory for-profit schools
The PROTECT Students Act of 2019 would safeguard students, including veterans and servicemembers, from predatory for-profit colleges and ensure higher education meets the needs of hard-working students.

It’s time for Wall Street traders to pay their fair share
A tiny tax on financial transactions aims to raise revenue and cut down on speculative behavior in the stock market. The Wall Street Tax Act of 2019 would impose a small tax (0.1 percent, or 10¢ per $100) on securities transactions, including trades of stocks, bonds and derivatives.

Forced arbitration silences victims and should end
Consumer Action joined coalition advocates in supporting Senator Sherrod Brown’s (D-OH) effort to restore Americans’ right to a day in court with the Arbitration Fairness for Consumers Act (S. 630). Ending the use of forced arbitration in student loans, credit card agreements, and employment contracts gives working Americans a fighting chance against powerful special interests.

Consumers need stronger credit reporting protections
Consumer Action joined over 80 advocate organizations in supporting the biggest overhaul of the consumer credit reporting industry in years. House Financial Services Committee Chairwoman Maxine Waters’ introduced the Comprehensive Consumer Credit Reporting Reform Act of 2019—legislation that aims to protect consumer data, prevent identity theft, and ensure the accuracy of consumer credit files.

The time is now for a FAMILY bill to be passed
There’s never been more national and state-level attention to America’s need for paid family and medical leave. A record number of members of Congress have voiced support for a shared vision for what a real national paid leave plan looks like–one that covers parental, family care, personal medical and military families’ needs with adequate, sustainable funding and meaningful legislation.

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk

Advocacy