Consumer Federation of America

Critics warn apps keep consumers stuck in 'cycle of reborrowing' About a quarter of all United State households are living paycheck to paycheck, according to new data released by Bank of America. For many families, pay is just not keeping up with inflation. That’s...

"These workplace #paydaylenders seize on this opportunity, what they perceive as an opportunity, and create these loan products that can really exploit people's need to get paid faster.” @erinwitte-cfa.bsky.social

www.fox13memphis.com/news/critics...

Watch @erinwitte-cfa.bsky.social, Director of Consumer Protection, testify before the Oregon State Legislature about the millions of dollars lost to #scams and #fraud and the severe underreporting of these numbers.

#ConsumerProtection #FTC

my obligatory plug of my piece with @kara-williams.bsky.social on the critical policy implications of this and the desperate need to be more specific

consumerfed.org/specific-ter...

Consumer Federation of America and Protect Borrowers Slam CFPB’s Attempt to Bless MoneyLion’s Violations of the Military Lending Act · Consumer Federation of America Washington, D.C.— The Consumer Federation of America and Protect Borrowers today issued the following statement after the Trump-led Consumer Financial Protection Bureau (CFPB) filed a proposed stipula...

“This underhanded attempt by the #CFPB to allow MoneyLion to continue violating the Military Lending Act is proof positive that Vought is bending over backwards for predatory lenders and making life unaffordable for military families.” @erinwitte-cfa.bsky.social
consumerfed.org/press_releas...

“ #Consumers expect and deserve safe products. Regardless of where consumers are purchasing their products, whether that's brick and mortar or online, they deserve and expect that those products are all safe.” @courtneygriffin.bsky.social

www.usatoday.com/story/money/...

Trump nominates CFPB leader, but Vought's 'not going anywhere' - Roll Call President Donald Trump nominated a new CFPB leader, but the administration acknowledges OMB Director Russ Vought will remain in charge.

“ #Congress should stand up against this disingenuous nomination,” @adamrust.bsky.social added. “It cannot continue to allow the Administration to ignore the Consumer Financial Protection Act and the #CFPB’s clear authority.”

What to Make of “MAHA-Con”? · Consumer Federation of America Last week, top Trump Administration officials including Vice President JD Vance and HHS Secretary RFK, Jr. spoke at an event dubbed the “Official MAHA Summit.”

What was the "Official #MAHA Summit" ?

MAHA Action 501(c)(4) ?

MAHA Holdings ?

And what does it all mean for US #FoodPolicy ?

Find out in our latest blog ⤵️

" #Consumers depend on the expertise of government #agencies to determine what will best serve consumers and the economy. The #EXPERTSAct will ensure that consumer protection regulations are promulgated based on facts, not the whims of politics.” @susanweinstock.bsky.social

At NCST's annual #Homeownership Policy Symposium, @sjccorn.bsky.social shared findings from CFA’s Penalized report, including that #Insurance companies charge the typical #homeowner almost $2,000 a year more, just for having a lower #CreditScore

Report Here⤵️
consumerfed.org/reports/pena...

“Can we get back on track with efforts to help #consumers & #investors ? “
#crypto

Hear @csfrayer.bsky.social on @jentaub.bsky.social LIVE

Full video here: www.youtube.com/live/teCJ_I_...

The must informative AND entertaining breakdown of how evil genius CZ brought down SBF

YouTube video by Jen Taub Jen Taub LIVE - BITCOIN PANIC?!!

WATCH: CFA’s @csfrayer.bsky.social on @jentaub.bsky.social Live discussing #Crypto & #Corruption
#Bitcoin

A Family Borrowed $218,000 and Paid Back $240,000. Why Are They Facing Foreclosure?

Predatory #lenders often take part in #RentABank schemes that enable them to circumvent state lending laws and charge borrowers sky-high #interest rates.
@nytimes.com
@adamrust.bsky.social

Join the Consumer Federation of America and the Economic Justice Policy Advocates Conference for an issue briefing on how #States can stop the growing problem of #SubscriptionTraps.

Date: Monday, November 17
Time: 2 ET/11 PT

Register Here: app.etapestry.com/onlineforms/...

CFA’s Erin Witte Receives Consumer Law’s Rising Star Award WASHINGTON, D.C. — Today, in recognition of her contributions to the practice of consumer law, Erin Witte, Director of Consumer Protection for the Consumer Federation of America (CFA), accepted the Na...

In recognition of her contributions to the practice of consumer law, @erinwitte-cfa.bsky.social received the @nclc4consumers.bsky.social 2025 Rising Star Award.

Watch our @sjccorn.bsky.social discuss President Trump's proposal for a 50-year #mortgage and the state of #housing in our current economy with Washington Journal

📺: www.c-span.org/event/washin...

Restore fired FTC commissioner, consumer protection groups tell Supreme Court FTC decisions should be “made by experts, not pure partisans.”

Congress designed the Federal Trade Commission as an independent commission to resist political pressure. That’s not a bug, it’s a critical feature. #SCOTUS must reject Trump’s illegal attempts to undo a century of law and protect the #FTC. @theverge.com

Watch our @sjccorn.bsky.social join Caresse Jackman of @investigatetv.com to discuss her new report on #MortgageDeserts

Full story here: www.investigatetv.com/2025/11/12/m...

How is the current #CFPB responding to America’s #AutoLoan delinquency crisis?

Hear @erinwitte-cfa.bsky.social ask Christine Zinner, of Alliance for Justice, at The People’s #Oversight Hearing @publicknowledge.bsky.social

the 50-year #mortgage is a distraction: today’s first-time homebuyers would still be paying until they are 90 (!), and lose out on the wealth-building potential of homeownership. A nonsense solution by an unserious regulator #FHFA

‘Band-aid,’ ‘distraction’: Experts slam Pulte, Trump 50-year mortgage idea The proposal comes after Trump directed Pulte to leverage Fannie and Freddie to ramp up the country’s stalled housing production.

As first-time homebuyers get older, the 50-year #mortgage appears less manageable. The median age of first-time #homebuyers is an all-time high of 40.

“So you’ll be 90,” @sjccorn.bsky.social said, “the cost of that is that people won’t be able to build wealth through #homeownership.”

Today, as the nation honors those who have served, we also honor the principles they fought to uphold: duty, integrity, and fairness, as reflected in The Military Lending Act. #VeteransDay #KeepTheMLAStrong

Lawmakers race to protect FEMA funding where disasters made homes uninhabitable After deadly disasters across the country, residents face rebuilding without insurance as FEMA funding and aid access remain uncertain.

“More people are feeling forced to go #uninsured or underinsured because #homeowners’ #insurance has become so expensive.” @sjccorn.bsky.social

Financial help is available for workers impacted by the #GovernmentShutdown, but the terms of these programs can differ widely. @adamrust.bsky.social

Full story here: www.cbsnews.com/philadelphia...

The Insurance Market Over the Past Five Years: What Consumers Should Know · Consumer Federation of America Extraordinary premium increases, unfair pricing strategies, insurance companies turning their backs on communities, and the burden of government and lender mandates to purchase insurance on low- and m...

What are the latest trends and issues that #consumers face when buying #Auto & #Home #Insurance ?

Find out in our latest blog

Join the Consumer Federation of America and the Economic Justice Policy Advocates Conference for an issue briefing on how #States can stop the growing problem of #SubscriptionTraps.

Date: Monday, November 17
Time: 2 ET/11 PT

Register Here: app.etapestry.com/onlineforms/...

Since January, the #CFPB has terminated, vacated or declined to enforce more than 20 consent orders, according to the Consumer Federation of America, an advocacy group tracking the #terminations.

Exclusive | Motion Picture Trade Group Pans Instagram’s Use of ‘PG-13’ With Cease and Desist Meta Platforms said it never claimed or implied that its teen accounts were officially PG-13 rated or certified by the MPA.

“literally false and highly misleading.” #Meta ’s pretend attempt to protect kids on its platforms is the latest piece of proof that self-regulation from #BigTech is failing.

Common sense #Privacy, #AI, and platform regulation is long overdue.

@benwinters.bsky.social

Digital #privacy experts warn that programs used to generate fake #AI images are widely accessible and require little expertise.

“You don’t need any technological sophistication,” said @benwinters.bsky.social, director of AI and privacy at CFA

Full story here: www.fox13memphis.com/news/former-...

FHFA’s plans to lower affordable #housing goals
➡️ This means that up to 177,000 families could lose access to GSE-backed #mortgages!

CFA is joined by 27 leading consumer, Civil Rights, and housing groups, urging #FHFA to reverse course