“Many companies offering so-called earned wage access have the same basic business model as traditional payday lenders: putting people in a debt trap with depleted paychecks, a vicious cycle of re-borrowing & mounting costs." @AmerBanker#ProtectConsumers https://t.co/1W5uDbbZgw
“Today I want to talk about #Scams which are among the most serious threats facing consumers consumers today”
CFA’s Adam Rust testifies before #Congress
"Buy now, pay later loans can make unaffordable purchases look cheaper than they are, and zero interest credit card promotions can be a risky hidden time bomb,” said @lsaundersnclc. #ProtectConsumers#StopTheDebtTrap https://t.co/KaatYJmhVK
“We intervened in this case for this exact purpose: to defend the CFPB’s rule where the current #CFPB would not ... to provide relief to 15 million people across the country who are severely burdened by #MedicalDebt." @TzedekDC@NMPovertyLaw https://t.co/9FsYn4iALP
@USHouseFSC@RepMaxineWaters By slashing the CFPB, Republicans aren't just undermining a vital agency, they're risking the financial stability of millions to serve corporations & Big Tech.
“This is not about deficit busting. This is about making rich people richer. And that’s it.” -@RepCasten#HandsOff
Over 1 in 6 #CA households are unbanked or underbanked, relying on costly check cashers. #AB1365, authored by @AsmRobertGarcia, passed the Assembly Banking Committee & brings us closer to #CalAccount: a no-cost, penalty-free banking option for all Californians💪#ProtectConsumers
LIHEAP keeps utility bills affordable for over 6 million Americans.
Their entire federal staff was recently laid off, putting the crucial program in peril!
We joined 220+ organizations across the country demanding the staff be reinstated.
Giving money back to discriminatory lenders but intercepting refunds to people who couldn't get a response from #paymentapps when they were scammed is wrong! https://t.co/BF29DtuzKn #handsoffCFPB#DefendCFPB
For 40 years, pediatrician Dr. Michael Zollicoffer has been a superhero for families in his care. Now, after a cancer diagnosis, his patients are stepping up to help him. @SteveHartmanCBS is On the Road in Baltimore.
Big Win for Older Georgians! 🎉On Crossover Day, two key bills we support passed the House! ✅ HB 291 (Community Health Worker Certification) & ✅ HB 529 (Auto-Renewal Transparency) are moving forward! Our team ended the day with a bang—advocacy works! Stay tuned! #CrossoverDay
"If you're having trouble with your #studentlender and you made the payment and it's not showing up on your bill, you go to the @CFPB. If you're a #servicemember and you fall prey to a #predatoryloan, you go to the CFPB." https://t.co/UlAzNQM3Vk
On why the @CFPB matters, from @TexasAppleseed "If I have a dispute with my bank, I can't sue them, but that $500 means a lot." Taking the #bigbank safety inspectors off the job is a free pass for corporate wrongdoers. https://t.co/ThcJDZEK5S
With the CFPB told to stop its work, millions of consumers’ hopes of restitution may be lost if the CFPB abandons its enforcement cases against companies that mistreated customers. https://t.co/nI1SVWF4JC
The @cfpb is the agency that acts when your grandmother gets scammed, a servicemember gets in trouble w a predatory lender, or your loan servicer lost your payment."
Under @chopracfpb's leadership, the @CFPB supported struggling families, no matter their political ideology. It is critical, for people of all political stripes, that the agency's important work continues. #ProtectConsumers
GA: If you were impacted by Hurricane Debby or Helene, you have *ONE WEEK* left to apply for FEMA assistance.
You can apply online at https://t.co/AOEiXHLxJj, the FEMA app, call 800-621-3362, or visit a FEMA Disaster Recovery Center. If you have not yet applied, don’t wait!
#MedicalDebt is usually unexpected and unavoidable but it can ruin consumers' #CreditScores as quickly as any other debt. That’s why the @CFPB stripped medical debt from #CreditReports in favor of data with real predictive value.