Consumer Action
24.6K posts
@consumeraction
Consumer Action is a national nonprofit consumer education and advocacy organization. We retweet news and compelling stories of consumer interest. Join us!
Under CFPB Director Chopra, the agency’s work saved consumers $1 billion each year from overdraft charges alone. 79% of voters approve of the CFPB's mission & work. It is because of the efficacy of Chopra's work at the CFPB that the billionaires are now gunning for its demise.
"Today, they are slashing the [CFPB]'s budget by 70%. This is ridiculous because the Bureau has saved American consumers $21 billion by returning to them funds that big banks and predatory lenders swindled out of them." -@USHouseFSC Ranking Member @RepMaxineWaters #HandsOffCFPB
New leadership at CFPB may walk back some Biden-era rules that would have banned medical debt on credit reports, capped credit card late fees, and made it easier to switch banks. “As long as CFPB’s work is halted, bad actors go unpunished." @AdamRust9 cnn.com/2025/02/12/bus…
It's been an honor serving as your @CFPB Director. Every day, Americans from across the country shared their ideas and experiences with us. You helped us hold powerful companies & their executives accountable for breaking the law, and you made our work better. Thank you. 🇺🇸🇺🇸🇺🇸
“The outcome of this lawsuit may turn on who is the next director of the @CFPB, but protecting people from mistakes on their credit report is not a partisan issue,” said @lsaundersnclc. "Members of both parties should support a strong & independent CFPB.” nclc.org/cfpb-sues-expe…
#MedicalDebt has ruined countless #CreditScores and pushed costs even higher for Americans struggling financially, particularly those who have turned to #CreditCards and other forms of credit to put food on the table. @CFPB #ProtectConsumers
I’ve been around long enough to have seen a half-dozen efforts to “defang, declaw, defund” @CFPB. Vivek is calling plays straight out of the bank lobby playbook. Fear mongering about “constraining credit” is always the smokescreen. CFPB constrains bank profiteering. That’s it.
Billionaires want to "delete" the @CFPB, but millions of want to keep it. The CFPB has already returned $21 billion to consumers by holding shady lenders and financial predators accountable. Who's really being protected here? latimes.com/opinion/story/…
“The @CFPB's overdraft rule ensures that the most vulnerable consumers are protected from big banks trying to pad their profits with junk fees.” #ProtectConsumers #DefendCFPB nclc.org/cfpb-overdraft…
