Rachel Gittleman

Helping @consumerfed to #StopTheDebtTrap and #ProtectConsumers

@justicedotorg,@Bonnie4Congress, @AndrewZwicker, and @uchicagocollege alum. Tweets are my own.

[Rachel Gittleman @RachelGittleman]

Beyond that, the @CFPB is incredibly effective at protecting consumers in the financial marketplace. They have returned $16 billion+ to harmed consumers and 8 in 10 voters support the @CFPB. This ruling has been appealed to SCOTUS, and I hope they rule on the side of consumers

[Rachel Gittleman @RachelGittleman]

I’m known for being prone to hyperbole… but it’s hard to overstate the potentially catastrophic nature of the 5th circuit’s ruling that deemed the @CFPB’s funding mechanism unconstitutional. If upheld, it could create chaos in the marketplace

1/3

[Consumer Federation of America @ConsumerFed]

The Fifth Circuit's radical & unprecedented decision in CFPB vs. CFSA, if confirmed, would undermine the @CFPB's critical work in protecting consumers & enforcing regulations against deceptive practices by Wall Street & predatory lenders.
https://t.co/rHjztCTRmZ

@RachelGittleman

[Rachel Gittleman @RachelGittleman]

Further, the @CFPB’s funding mechanism is not novel. Most federal financial regulators, @SocialSecurity, @MedicareGov, and @fcagov are funded similarly—so the ruling poses a threat to the effectiveness and resilience of a significant portion of our government agencies.

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[Rachel Gittleman @RachelGittleman]

This misguided and unprecedented scheme has devastating and widespread consequences across our federal financial regulatory system. We must protect the @CFPB for consumers and the economy.

[House Committee on Financial Services - Democrats @USHouseFSC]

Breaking‼️

Ranking Member @RepMaxineWaters, @SenSherrodBrown blast House Cmte Republicans attempt to destroy the @CFPB | https://t.co/7cFUEw3Llr

[Rachel Gittleman @RachelGittleman]

When you say the quiet part out loud…

[Brendan Pedersen @BrendanPedersen]

I'm watching a hearing about the CFPB's funding. Rep. Barr (R-Ky.) asks witnesses to address "sky is falling concerns" about the SCOTUS case impacting other regulators.

The first GOP witness to speak says... that the funding of other agencies outside approps should be reviewed

[Rachel Gittleman @RachelGittleman]

There’s a lot at risk, well beyond consumer rights and protections in an upcoming #SCOTUS case. 👇 read here about what’s at stake

[Consumer Federation of America @ConsumerFed]

What does the financial marketplace look like for #consumers without the @CFPB there to protect them? Check out what #SCOTUS should consider before ruling on the #CFPB funding case!

@RachelGittleman

https://t.co/Uf2hoV3Eul

[Rachel Gittleman @RachelGittleman]

The convenience, speed, and ease that makes peer to peer payment apps (think Venmo, Zelle, PayPal) so enticing for you and me, also creates a ripe environment for fraudsters and scammers. Read👇 about how to protect yourself
https://t.co/jDl8osD5hS

[Rachel Gittleman @RachelGittleman]

After a quick reprieve on the prolific and vital work @CFPB is doing to #ProtectConsumers from #JunkFees (more 👇), we're back to discussing @chopracfpb's schedule....

https://t.co/3R4b46qBPa

[Rachel Gittleman @RachelGittleman]

Today, @FSCDems will hear from CFPB Director @chopracfpb about the bureau’s latest findings on financial industry tricks & traps, & recommended protections for consumers. Tune in here https://t.co/yyC1jjeuUZ #ProtectConsumers #DefendCFPB

[Rachel Gittleman @RachelGittleman]

Thank you @JoyceBeatty for asking about credit reporting-- the #1 topic of complaints to the @CFPB. Credit scores impact a person's ability to buy a car, rent an apartment & more. @CFPB holds financial institutions accountable for inaccuracy & misuse of personal data #DefendCFPB

[Consumer Federation of America @ConsumerFed]

“Consumers are reporting buying more with buy now, pay later than they would otherwise. It’s pushing them into larger purchases that they may not have made otherwise." - @RachelGittleman, CFA's Financial Services Outreach Manager

[Rachel Gittleman @RachelGittleman]

We all love peer to peer payment apps like Venmo and Zelle— but their ease and speed makes them enticing for us and scammers alike. That’s why there’s a need for more oversight and extending consumer protection laws to sufficiently protect consumers using these new payment forms

[Consumer Federation of America @ConsumerFed]

Peer-to-peer payment (p2p) apps are popular b/c the platforms are easy for #consumers to use. This convenience also makes p2p apps enticing for scammers & fraudsters b/c there is no delay on transfers - said @RachelGittleman, CFA's Financial Services Outreach Manager

[Rachel Gittleman @RachelGittleman]

If you‘re struggling with a dispute, be sure to submit to a complaint to the @CFPB #protectconsumers

https://t.co/feW0vkG3Tk

[Rachel Gittleman @RachelGittleman]

If you are one of the roughly 1/3 of consumers who have an error on their credit report, you might be aware of how convoluted, non responsive and yes, even shoddy, the dispute resolution process can be. 1/3

[Rachel Gittleman @RachelGittleman]

Credit reporting agencies must investigate and respond to your disputes in a timely manner. But the @CFPB found that the big 3 CRAs provided relief in response to just 2% of complaints. Today @CFPB took a step to ensure that CRAs and information furnishers comply with the law 2/3