Consumer Federation of America

Time for another #FeatureFriday, featuring a tip to help you #savemoney!  Start with a goal of reducing your credit card debt by just $1,000. That $1,000 debt reduction could save you $150-200 a year in interest, and much more if you're paying penalty rates of 20-30 percent.

What is #DEXIT or the accelerating exodus of major corporations from #Delaware as their state of incorporation, and how does it parallel the Cola Wars? Find out: delawareonline.com/story/opinion/…

“Since its launch, the #CFPB has unrigged the economy, holding big #financial companies accountable, and delivering $21 billion in relief. With each rollback, the Trump CFPB has re-rigged our economy in favor of bad actors. @AdamRust9 consumerfed.org/press_release/…

The Consumer Federation of America last month filed a class action complaint against #Meta, alleging that it downplays the problem of online #Scams and exaggerates to users the steps it takes to crack down on scams. nbcnews.com/tech/security/…

Today, @SenateDems are taking over the Senate floor to force a series of 20 votes to reverse Donald Trump’s roll back of rules that protect American consumers and lower their costs. Here's what you need to know ➡️ buff.ly/NBqBo3F

"The general supply of global #petroleum is less available now than it was two months ago, and then when you layer on top of that the refinery issues, there is an even stronger incentive for #prices to go up." Full story here: post-gazette.com/news/transport…

The #Senate Banking Committee will vote on a #Crypto bill, the #CLARITYAct, TOMORROW. Learn the top consumer and investor harms that would result from passage of this bill. consumerfed.org/in_the_media/s…

Student loans remain one of the most pressing financial challenges for many Americans. Join us for our next webinar on May 20, where we'll be discussing the latest updates, explore repayment options, and identify next steps to stay on track. f.mtr.cool/kpckwnecio

Consumer advocates bristle at the suggestion that an antiregulatory approach to #JunkFood is a wise idea. "Are they going to actually rock the boat to help reduce food marketing to #kids, for example? No, I’d be very surprised.” #MAHA politico.com/news/2026/05/1…

NEW: Congressman @RepCasar will deliver the opening keynote address on Wednesday, June 3rd at 9am at CFA's 60th Annual #Consumer Assembly ! Register Today ⤵️ consumerfed.org/events/consume…

Ultra-processed #Foods make up a large share of what Americans eat, & they’re linked to real health harms. Healthy Eating Research convened an expert panel to develop clear, practical recommendations for identifying #UPFs Learn more in our latest blog ⤵️ consumerfed.org/some-commonsen…

The #CLARITYAct stablecoin yield “compromise” has a #Senate markup scheduled next week, but this amendment doesn’t prohibit yield on #Stablecoins, it codifies it! Learn more in our latest blog ⤵️ consumerfed.org/clarity-act-se…

"A bill passed in #Alaska, for example, that requires a #Cancer warning at the point of sale for #Alcohol retailers," Thomas Gremillion notes. "And a similar bill has been introduced in #Massachusetts." npr.org/2026/05/07/nx-…

"When they're talking to insurance companies, they're not talking about #housing; they're talking about how they can boost profits by getting cheap loans and investing it in higher-yielding assets," @sjccorn. "This is not what the government intended." americanbanker.com/news/is-privat…

"They’re going to sense that they shouldn't be filing complaints," says @AdamRust9, director of financial services at the Consumer Federation of America. "That’s the clear signal the bureau is trying to make." #CFPB usnews.com/banking/articl…

A report by @uspirg Education Fund and CFA evaluated 5 of #CharacterAI ’s popular #therapist and psychiatrist bots. It found that the bots falsely promised confidentiality, falsely claimed to be licensed therapists & amplified users’ negative beliefs. bhbusiness.com/2026/05/06/cha…

Rising Costs, Affordability, and a New Economic Reality for Consumers. New speakers and panelists have been added to CFA’s Consumer Assembly program ⤵️ consumerfed.org/events/consume… Check it out & register today!

The consumer watchdog group charged that #Meta promises users in DC that it is meaningfully fighting #Scams and removing scam content from its platform but instead has adopted policies and practices that it knows allow #ScamAdvertisements to proliferate usatoday.com/story/money/20…

“CFA strongly supports the filing of this lawsuit to protect #Pennsylvanians. This innovative approach reflects the necessity for governments to be all-hands-on-deck when enforcing their laws regardless of what #technology is used to break them.” consumerfed.org/press_release/…

“What I hope is that #StateFarm recognizes that they have gone too far and that the Department of #Insurance recognizes that its responsibility is to Californians not to State Farm,” Douglas Heller, CFA’s Director of Insurance, told the Post. nypost.com/2026/05/04/us-…