Consumer Federation of America

Court Cancels Consumer-Friendly Click-to-Cancel Rule A federal appeals court has blocked enforcement of a Federal Trade Commission (FTC) rule that prohibited companies from “making it any more difficult for consumers to cancel than it was to sign up” fo...

“Apparently hearing from 16,000 actual people about their subscription traps was NOT sufficient"
@erinwitte-cfa.bsky.social

US Court of Appeals vacated #ClicktoCancel rule just days before enforcement date, deciding that the #FTC had not followed proper procedure. @checkbook.org

The U.S. Payments Modernization that Wasn’t | Future Nexus An EO From the Trump administration mandates the government to modernize payments–but may not move the needle much  In late March, the Trump administration placed a rush order on a nominally major res...

. @adamrust.bsky.social, Director of Financial Services at CFA, is concerned that the executive order may be a “ #stablecoin play, ” which raises questions around risk mitigation, consumer privacy benefits, and regulatory frameworks

Natural disaster victims would get six months of mortgage relief under Senate bill Senators from California and Colorado, two states hit hard by natural disasters, introduced the bill Thursday.

“When disasters strike, #homeowners shouldn’t fear a second catastrophe: losing their home to foreclosure.”
- @sjccorn.bsky.social
CFA is proud to endorse this bill from @schiff.senate.gov & @bennet.senate.gov

CFA Calls on the Department of Energy to Uphold Energy and Water Conservation Standards · Consumer Federation of America The Consumer Federation of America joined over 15 comment letters with the Appliance Standards Awareness Project, calling on the Department of Energy to uphold energy and water conservation standards....

CFA joined over 15 comment letters with the
@asapstandards.bsky.social, calling on the Department of Energy to uphold #energy and #water conservation standards. #DOE

Will Cuts in Rural Programs Leave the Same Lasting Wounds as the 2008 Financial Crisis? Co-published by Economic Hardship Reporting Project and Barn Raiser. Rural families like mine are still grappling with the long-term mental health consequences of housing loss.

“There’s going to be a bunch of people that went through 2008 that will have to go through this crisis again.” @sjccorn.bsky.social
#housing

Thanks to Trump CFPB’s Actions, More Than $360 Million Owed to Americans is at Risk, New Investigation Reveals · Consumer Federation of America More than $360 million in redress owed to Americans is at risk due to actions taken by the Trump-led Consumer Financial Protection Bureau, a new investigation released by the Consumer Federation of Am...

“The #CFPB should be protecting Americans in the #financial marketplace, not coddling #corporate lawbreakers,” said Eric Halperin, senior fellow at Consumer Federation of America.
New joint investigation w/ @thesbpc.bsky.social

Trump Fast-Tracks Deregulatory Push at Consumer-Protection Bureau The president has directed federal agencies to slash regulation, but some are going further.

The #CFPB isn’t simply changing rules meant to protect consumers—it is actively backing away from enforcing them. The CFPB has dismissed more than 20 cases since #Trump took office, according to CFA, an association of nonprofit consumer organizations.

A Price Just for You, Specifically

“All of that does lead to an opening for #SurveillancePricing, and emboldening,” @benwinters.bsky.social, the director of #AI and privacy at the Consumer Federation of America, told DealBook @nytimes.com

Companies use this sneaky pricing trick to overcharge you. One lawmaker wants it banned A new bill aims to stop 'surveillance pricing,' which leverages AI to charge customers different prices based on their personal data.

“We’ve seen things like people’s browsing history, device type, battery, location, and more, inform #pricing that focuses on how much that individual might be willing to pay for something—preying on desperation rather than using fair market pricing,” @benwinters.bsky.social

California drivers are burning rubber—and cash. @consumerfed.bsky.social

@governor.ca.gov needs to act now.

📈Learn more: www.ccair.org/california-drivers-spend-an-extra-180-on-gas-due-to-inefficient-replacement-tires/

A federal court has blocked the #FTC #ClicktoCancel rule. Consumer advocates like @erinwitte-cfa.bsky.social say the policy was meant to prevent manipulative #cancellation processes.

Full Video Here: youtu.be/bKJ6GQi4RFg

CFA's Statement on America's AI Action Plan · Consumer Federation of America The Consumer Federation of America released the following statement in response to President Trump's AI Action Plan

America’s #AI Action Plan unsurprisingly focuses on #deregulation at all costs while disadvantaging consumers,” said @benwinters.bsky.social. "This is an unwelcome distraction at a critical time for government to get consumer protection right."

consumerfed.org/press_releas...

Rural Homeownership Support Requires Home Construction, Repairs, and Small Mortgage Financing The nation’s housing challenges are often framed within the context of cities: Boston’s high and rising rents, San Francisco’s brutal and persistent homelessness, and New York’s cramped and expensive ...

The nation’s #Housing challenges are often framed within the context of cities, yet #rural communities also struggle to provide residents with high-quality, affordable #homes. Takeaways from eastern #Kentucky provide lessons for other states. @pewresearch.org @sjccorn.bsky.social

CFPB Consumer Complaint Database just surpassed 10 million complaints graph

The #CFPB Consumer #Complaint Database just surpassed 10 million complaints.

2025 has seen the most consumer complaints out of any year, despite it only being July.

Less oversight of #financial firms causes more harm to American consumers.

Analysis | Trump’s ‘Artificial Intelligence Action Plan’ is already stirring debate Critics unveiled their own “People’s AI Action Plan” ahead of new executive orders expected to address energy and “woke” AI.

Proud to be a part of the 90+ organizations supporting a People's #AI Action Plan.

We can't let #BigTech and #BigOil lobbyists write the rules for AI and our #economy at the expense of our freedom and equality.

www.washingtonpost.com/politics/202...

The forthcoming "US AI Action Plan" promises to be a gift to AI companies at the expense of transparency, accountability, the environment, and Americans. @consumerfed.bsky.social is proud to join the "People's AI Action Plan" peoplesaiaction.com to center people, not AI corps in policymaking

A rule lifting medical debt from credit scores was voided. What will change? A rule lifting medical debt from credit scores was voided. What will change?

“The court’s decision to allow #MedicalDebt on #CreditReports — along with the restart of #StudentLoan payments — raises the risk of a widespread drop in credit scores with possible ripple effects throughout the #Economy,” @adamrust.bsky.social said. @washingtonpost.com

“These resources and personnel will enable the #CPSC to better protect American consumers and prevent injuries and deaths.” #Congress

Investors cheer new crypto law while critics warn of potential for crisis President Donald Trump signed the Genius Act into law on Friday afternoon.

“If we go back to a system with a whole bunch of unregulated #banks being allowed to issue #stablecoins, we will end up with another #FinancialCrisis.” @csfrayer.bsky.social, director of Investor Protection, CFA
#GENIUSAct #Crypto @nbcnews.com

A major AI training data set contains millions of examples of personal data Personally identifiable information has been found in DataComp CommonPool, one of the largest open-source data sets used to train image generation models.

“It really illuminates the original sin of #AI systems built off public #data," says @benwinters.bsky.social, the director of AI and privacy at the Consumer Federation of America.

A 'Crypto Week' win: Congress passes 1st major crypto legislation in the U.S. It was a remarkable win for the crypto industry — and for President Trump, who campaigned on making the country "the crypto capital of the planet."

Critics warn the bill would allow non-financial institutions to issue their own #stablecoins without having to follow all the rules that #banks and other #financial firms must follow. #Crypto @npr.org

"The purpose of the bill is to give them the veil of regulation."
@csfrayer.bsky.social

@adamrust.bsky.social is right. Our latest deep dive unpacks how these loans work, who they’re targeting, & the hidden pitfalls many don’t see coming. If you use (or are tempted to try) BNPL, read this first 👇
@consumerman.bsky.social
@consumerfed.bsky.social

#BNPL #consumertips

The Hidden Costs of Buy Now, Pay Later Sellers and credit card companies continue to push Buy Now, Pay Later (BNPL) to make purchases seem more affordable by splitting up costs into smaller installments. But what may seem like free financi...

“There are plenty of ways to get in trouble with #BNPL”
- @adamrust.bsky.social

www.checkbook.org/washington-a...

“If you create that kind of #loophole, money is going to flow through it.”
- @csfrayer.bsky.social
#CLARITYAct #CryptoWeek

Hear @repdelbene.bsky.social “Do either the #CLARITYAct or the #GENIUSAct provide additional resources to the #CFTC so it can fulfill its new role to supervise this market? #crypto

@csfrayer.bsky.social: “Absolutely Not”

Hear @chu.house.gov “How concerned should we be about the #Safety of the #Crypto market?

@csfrayer.bsky.social: “There is a pay to play game with regards to crypto #enforcement in this country.” #CryptoWeek

Hear @sewell.house.gov “Do you think the #GENIUSAct is the best we can do?”

@csfrayer.bsky.social: “I really don’t think it is… it puts the #economy at risk”
#CryptoWeek

“There is nothing that would justify different rules for #Crypto than we have for every other #financial asset”

CFA’s Director of Investor Protection, @csfrayer.bsky.social testifies before #Congress

TODAY📺: CFA’s Director of Investor Protection, @csfrayer.bsky.social is testifying before #Congress on #Crypto
#GENIUSAct #CLARITYAct

Watch Live⤵️

Could the insurance industry trigger a new financial crisis? Insurance could spark the next financial crisis, some warn, as soaring premiums and shrinking coverage lead to future problems.

“When #insurers pull back, you not only leave families exposed, but you also undermine the #mortgage market and the broader #economy.” Douglas Heller, director of insurance at the Consumer Federation of America