Postings

Protecting democracy from a lawless president
For decades, as the executive branch has increased its power, Congress has increasingly struggled to fulfil its constitutional duties to protect the rule of law by holding presidents accountable for overreaches and preventing abuses of presidential power. Advocates joined together to support the Protecting Our Democracy Act (HR 8363 and S 4880) in an effort to push for necessary institutional reforms to protect our democracy and restore Congress’s ability to check and balance the executive branch, without infringing on the president’s constitutional powers.

Requiring SSN collection by peer-to-peer payment services puts consumers at risk
Consumer rights groups sent a letter to Senators Ron Wyden and Mike Crapo of the Senate Finance Committee regarding a proposal under consideration in the budget reconciliation bill that would require peer-to-peer payment apps such as Square Cash and Venmo to collect Taxpayer Identification Numbers (TINs) for virtually all payee accounts. Because, unlike businesses, most individuals do not hold a separate TIN from their Social Security number, these companies will be collecting the SSNs of millions of Americans, potentially putting their privacy and financial health at risk.

Groups contest major postage increase planned by USPS
In response to the U.S. Postal Service’s (USPS) proposed postage price increase, a coalition of trade associations and public and private companies joined Consumer Action in urging members of the Senate Committee on Homeland Security to oppose the plan to hike USPS postage prices for most mail by 7%. The coalition also called on legislators to direct a new review of the postal rate-setting system before the increases take effect.

Protect retirement savers from risky private equity investments
Consumer Action joined allies in a letter to the Department of Labor asking the department to ensure that “defined contribution plan fiduciaries”—those responsible for ensuring that employer-based retirement plans feature safe and appropriate investments—undertake balanced consideration of the benefits and risks before they allow private equity funds to be offered to retirees.

FinTech users deserve strong data use protections
Groups sent a joint letter to the Consumer Financial Protection asking the agency for strong rules to ensure that consumers are protected when their account data is shared with, accessed by or used by third parties, such as financial technology (FinTech) mobile apps and account aggregation services.

The next COVID-19 relief package should include these critical consumer protections
Millions of people and small businesses in the United States are experiencing tremendous financial distress because of the COVID-19 pandemic. Unemployment is skyrocketing and families are struggling to put food on the table. Congress and the administration need to enact broad-based, efficient, and effective relief that goes far beyond the CARES Act to protect people’s homes, cars, bank accounts, income, and benefits so that they can weather this crisis. Consumer Action joined nearly 100 consumer, civil rights, community and other public interest groups weigh in on recommendations for Congress' next stimulus package.

Proposed Senate bill fails to Protect Student Borrowers during pandemic
Consumer Action joined 55 other organizations in submitting a letter to Senate leadership in opposition to the Safely Back to School and Back to Work Act. This proposed legislation falls far short of what young Americans need and should expect from their elected leaders. Rather than extend vital support during a dual public health and economic crisis, this bill would leave millions of student loan borrowers without protections while failing to extend and expand a repayment suspension put in place by the CARES Act. Doing so would only make the burden of student debt heavier, leaving many young Americans financially insecure.

More than 100 non-profit groups support bill that would require corporations to disclose important data to address potential profit shifting
A coalition of more than 100 non-profit groups called on Reps. Waters and McHenry to consider country-by-country reporting in the Disclosure of Tax Havens and Offshoring Act (H.R. 5933). The bill would require large, publicly-traded corporations to disclose key financial information (e.g. profits, revenues, taxes, number of employees, etc.) on a country-by-country basis to better inform taxpayers, investors, policymakers, academics, and other stakeholders and ensure that we emerge from the COVID-19 pandemic on the path to sustainable and equitable economy.

Now is not the time to rush autonomous vehicle legislation through Congress
During this time of national emergency, Congress should be focusing on ensuring the health and financial well-being of Americans, not rushing forward with inadequate driverless vehicle legislation that puts the interests of the auto industry and tech companies ahead of people’s safety. Yet, House Republicans have recently called for the revival of an autonomous vehicle bill (arguing that self-driving vehicles can be part of the Covid-19 response). In a letter to Congress, coalition advocates urged legislative leaders to reject attempts to attach driverless car legislation to a must-pass relief bills, including any packages that address the ongoing COVID-19 crisis. Any continued efforts to pass driverless vehicle legislation at this critical juncture would be a mistake.

Congress: Pass a clean budget for FY2021
Advocates called on Congress to pass an upcoming federal budget that funds the things that Americans care about, not undo essential consumer and environmental safeguards through policy riders. Policy riders are attached to legislation and rarely have anything to do with the bill. In fact, most riders are handouts to big corporations and special favors for interest groups that could not become law on their own merits. As Congress prepares the federal budget for fiscal year 2021, no appropriations titles, package of bills, or continuing resolutions should pass if they contain poison pill policy riders that go against the public interest, including policies that ensure safe and healthy food, restrain Wall Street abuses, provide access to justice and fair housing, and guarantee access to safe healthcare.

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