Consumer Action
@consumer-action.bsky.social
Consumer Action empowers consumers nationwide to financially prosper through education and advocacy.
FHFA's director is NOT supposed to side with one credit scoring company over another -- he's supposed to do what's best for home buyers. Seems he needs a reminder.
One reason this is bad is because VantageScore is owned by the Big 3 credit bureaus (Equifax, Experian, TransUnion). Driving FICO out of the market gives the Big 3 complete monopoly control of the credit information market, both the data and scores
July 16, 2025 at 2:47 PM
FHFA's director is NOT supposed to side with one credit scoring company over another -- he's supposed to do what's best for home buyers. Seems he needs a reminder.
That $80 million belongs to harmed consumers/servicemembers.
Folks, Navy Federal Credit Union will no longer have to refund $80M to servicemembers illegally charged overdraft fees after the Trump Admin dismissed a case brought by the CFPB, under the Biden Admin, to protect military members.
apnews.com/article/navy...
apnews.com/article/navy...
Consumer Financial Protection Bureau dismisses $95M overdraft case vs. Navy Federal Credit Union
The Consumer Financial Protection Bureau, led by President Trump’s administration, has dropped a case against Navy Federal Credit Union.
apnews.com
July 2, 2025 at 4:42 PM
That $80 million belongs to harmed consumers/servicemembers.
Say NO to Scams-- In person--Train the Trainer
Don't miss Consumer Action's Free fraud prevention training in N.Y.C. on -- July 22 .
(at NYU's Kimmel Center 10:30 - 2:30pm).
Help your clients prevent fraud & ID theft.
Pls Register at: www.surveymonkey.com/r/T9GWFNG
Don't miss Consumer Action's Free fraud prevention training in N.Y.C. on -- July 22 .
(at NYU's Kimmel Center 10:30 - 2:30pm).
Help your clients prevent fraud & ID theft.
Pls Register at: www.surveymonkey.com/r/T9GWFNG
Say NO to Scams: Protecting consumers and communities from fraud (In-person train-the-trainer on Tuesday, July 22, 2025, in New York City)
Take this survey powered by surveymonkey.com. Create your own surveys for free.
www.surveymonkey.com
July 2, 2025 at 4:33 PM
Say NO to Scams-- In person--Train the Trainer
Don't miss Consumer Action's Free fraud prevention training in N.Y.C. on -- July 22 .
(at NYU's Kimmel Center 10:30 - 2:30pm).
Help your clients prevent fraud & ID theft.
Pls Register at: www.surveymonkey.com/r/T9GWFNG
Don't miss Consumer Action's Free fraud prevention training in N.Y.C. on -- July 22 .
(at NYU's Kimmel Center 10:30 - 2:30pm).
Help your clients prevent fraud & ID theft.
Pls Register at: www.surveymonkey.com/r/T9GWFNG
You're invited to the free training
"Say NO to Scams: Protecting consumers and communities from fraud" by Consumer Action.
When: July 22, 2025
10:30 - 2:30 p.m.
Where: NYU's Kimmel Center, 60 Washington Sq. So. NYC
To register: www.surveymonkey.com/r/T9GWFNG
"Say NO to Scams: Protecting consumers and communities from fraud" by Consumer Action.
When: July 22, 2025
10:30 - 2:30 p.m.
Where: NYU's Kimmel Center, 60 Washington Sq. So. NYC
To register: www.surveymonkey.com/r/T9GWFNG
June 26, 2025 at 3:15 PM
You're invited to the free training
"Say NO to Scams: Protecting consumers and communities from fraud" by Consumer Action.
When: July 22, 2025
10:30 - 2:30 p.m.
Where: NYU's Kimmel Center, 60 Washington Sq. So. NYC
To register: www.surveymonkey.com/r/T9GWFNG
"Say NO to Scams: Protecting consumers and communities from fraud" by Consumer Action.
When: July 22, 2025
10:30 - 2:30 p.m.
Where: NYU's Kimmel Center, 60 Washington Sq. So. NYC
To register: www.surveymonkey.com/r/T9GWFNG
What a shameful, illogical act.
"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.bsky.social Ranking Member Rep Waters
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.bsky.social Ranking Member Rep Waters
April 30, 2025 at 5:08 PM
What a shameful, illogical act.
Congress let consumers down in its attack on the Consumer Watchdog
The U.S.House voted to permanently obliterate two CFPB rules--the Overdraft fee rule & the Payment App Oversight rule.
Congress let the country down by banning reasonable consumer protections for the benefit of oligarchs.
The U.S.House voted to permanently obliterate two CFPB rules--the Overdraft fee rule & the Payment App Oversight rule.
Congress let the country down by banning reasonable consumer protections for the benefit of oligarchs.
April 10, 2025 at 5:14 PM
Congress let consumers down in its attack on the Consumer Watchdog
The U.S.House voted to permanently obliterate two CFPB rules--the Overdraft fee rule & the Payment App Oversight rule.
Congress let the country down by banning reasonable consumer protections for the benefit of oligarchs.
The U.S.House voted to permanently obliterate two CFPB rules--the Overdraft fee rule & the Payment App Oversight rule.
Congress let the country down by banning reasonable consumer protections for the benefit of oligarchs.
Reposted by Consumer Action
NEW: Trump's latest deregulatory EO is a lawless, unconscionable attempt to roll back commonsense protections for workers, consumers, families, civil rights, our environment, and more.
We will challenge this blatantly unlawful effort at every step.
www.citizen.org/news/trumps-...
We will challenge this blatantly unlawful effort at every step.
www.citizen.org/news/trumps-...
Trump’s Latest Deregulatory EO Calls for a Lawless, Unconscionable Rollback of Commonsense Public Protections - Public Citizen
WASHINGTON, D.C. – President Donald Trump late Wednesday issued an executive order calling for agencies to identify and repeal regulations…
www.citizen.org
April 10, 2025 at 1:38 PM
NEW: Trump's latest deregulatory EO is a lawless, unconscionable attempt to roll back commonsense protections for workers, consumers, families, civil rights, our environment, and more.
We will challenge this blatantly unlawful effort at every step.
www.citizen.org/news/trumps-...
We will challenge this blatantly unlawful effort at every step.
www.citizen.org/news/trumps-...
The CFPB is under attack today in the House of Representatives. This is the only federal financial agency that protects consumers. Some lawmakers are working on abolishing its rules, its funding & its mission to protect you.
Pls Call Congress to let your reps know:
Don't Destroy the CFPB.
Pls Call Congress to let your reps know:
Don't Destroy the CFPB.
March 26, 2025 at 5:22 PM
The CFPB is under attack today in the House of Representatives. This is the only federal financial agency that protects consumers. Some lawmakers are working on abolishing its rules, its funding & its mission to protect you.
Pls Call Congress to let your reps know:
Don't Destroy the CFPB.
Pls Call Congress to let your reps know:
Don't Destroy the CFPB.
Reposted by Consumer Action
"This administration's attack on the CFPB drips with disdain for everyday Americans. The actions of this administration to take money from working people & give it to the rich speaks louder than words." -Seth Frotman, Former CFPB General Counsel
ourfinancialsecurity.org/2025/03/news...
ourfinancialsecurity.org/2025/03/news...
March 26, 2025 at 3:08 PM
"This administration's attack on the CFPB drips with disdain for everyday Americans. The actions of this administration to take money from working people & give it to the rich speaks louder than words." -Seth Frotman, Former CFPB General Counsel
ourfinancialsecurity.org/2025/03/news...
ourfinancialsecurity.org/2025/03/news...
Reposted by Consumer Action
"Since taking office, President Trump, Elon Musk & Russell Vought have abused their authority to shut down the CFPB & other agencies that Americans rely on for their financial security...These are not reforms, they are illegal attacks." -Rep. Bill Foster #HandsoffCFPB #DefendCFPB
March 26, 2025 at 2:26 PM
"Since taking office, President Trump, Elon Musk & Russell Vought have abused their authority to shut down the CFPB & other agencies that Americans rely on for their financial security...These are not reforms, they are illegal attacks." -Rep. Bill Foster #HandsoffCFPB #DefendCFPB
The FTC Click to Cancel rule simply says make it as easy to cancel as it is to sign up.
Trustworthy companies should not lock people into agreements to make a profit.
Trustworthy companies should not lock people into agreements to make a profit.
“Whether it is gym memberships, news subscriptions, entertainment services, or home security services, recurring charges are easy to start, but can be hard to cancel... The FTC's Click to Cancel Rule is a fair and common-sense solution.” #ProtectConsumers www.nclc.org/advocacy-gro...
Advocacy Groups Urge the Eighth Circuit to Uphold FTC’s Click to Cancel Rule
Five Groups led by Berkeley Law File an Amicus Brief in the Legal Challenge to the FTC’s Click to Cancel Rule
www.nclc.org
March 26, 2025 at 2:26 PM
The FTC Click to Cancel rule simply says make it as easy to cancel as it is to sign up.
Trustworthy companies should not lock people into agreements to make a profit.
Trustworthy companies should not lock people into agreements to make a profit.
US House members vote today to either defend Wells Fargo & Chase's billions reaped each year in Overdraft fees or
support the CFPB's protection of consumers-by limiting OD fees.
The choice to protect constituents should be clear.
#ProtectConsumers
support the CFPB's protection of consumers-by limiting OD fees.
The choice to protect constituents should be clear.
#ProtectConsumers
March 5, 2025 at 4:14 PM
US House members vote today to either defend Wells Fargo & Chase's billions reaped each year in Overdraft fees or
support the CFPB's protection of consumers-by limiting OD fees.
The choice to protect constituents should be clear.
#ProtectConsumers
support the CFPB's protection of consumers-by limiting OD fees.
The choice to protect constituents should be clear.
#ProtectConsumers
Reposted by Consumer Action
CFPB has dropped its enforcement suit against payment service Zelle and parent banks.
According to the CFPB, consumers at the three largest 3 banks lost over $870 million over seven years due to inadeuqaute protections from widespread Zelle fraud.
This is putting more consumers at risk.
According to the CFPB, consumers at the three largest 3 banks lost over $870 million over seven years due to inadeuqaute protections from widespread Zelle fraud.
This is putting more consumers at risk.
The CFPB drops its case against payment app Zelle, in another sign of a Trump pivot
It's the latest lawsuit abandoned by the Consumer Financial Protection Bureau since Trump appointees have taken over at the bureau.
www.npr.org
March 5, 2025 at 2:06 PM
CFPB has dropped its enforcement suit against payment service Zelle and parent banks.
According to the CFPB, consumers at the three largest 3 banks lost over $870 million over seven years due to inadeuqaute protections from widespread Zelle fraud.
This is putting more consumers at risk.
According to the CFPB, consumers at the three largest 3 banks lost over $870 million over seven years due to inadeuqaute protections from widespread Zelle fraud.
This is putting more consumers at risk.
Big Tech payment apps just got a corporate pardon from the Trump Admin--leaving consumers' money from payment app fraud in corporations' pockets.
Next up is the Senate-they vote whether to permanently remove oversight of P2P fraud losses. Consumers need a CFPB that prevents fraud & protects them.
Next up is the Senate-they vote whether to permanently remove oversight of P2P fraud losses. Consumers need a CFPB that prevents fraud & protects them.
March 4, 2025 at 7:42 PM
Big Tech payment apps just got a corporate pardon from the Trump Admin--leaving consumers' money from payment app fraud in corporations' pockets.
Next up is the Senate-they vote whether to permanently remove oversight of P2P fraud losses. Consumers need a CFPB that prevents fraud & protects them.
Next up is the Senate-they vote whether to permanently remove oversight of P2P fraud losses. Consumers need a CFPB that prevents fraud & protects them.
The Trump CFPB has let all consumers down--this time--by dropping the EWS/Zelle lawsuit.
Tomorrow the Senate will vote on pardoning all corporations for payment app dereliction of duties.
The goal: to kill federal oversight of payment fraud and financial relief for consumers.
Senators just say no
Tomorrow the Senate will vote on pardoning all corporations for payment app dereliction of duties.
The goal: to kill federal oversight of payment fraud and financial relief for consumers.
Senators just say no
March 4, 2025 at 7:07 PM
The Trump CFPB has let all consumers down--this time--by dropping the EWS/Zelle lawsuit.
Tomorrow the Senate will vote on pardoning all corporations for payment app dereliction of duties.
The goal: to kill federal oversight of payment fraud and financial relief for consumers.
Senators just say no
Tomorrow the Senate will vote on pardoning all corporations for payment app dereliction of duties.
The goal: to kill federal oversight of payment fraud and financial relief for consumers.
Senators just say no
Hey DOGE, where’s the efficiency? Money owed to consumers from financial abuse is in limbo right now, since the Trump administration has suspended the work of the CFPB. Complaints aren't being processed and lawsuits are being dropped. Looks like financial losses, not gains.
tinyurl.com/5xfw854x
tinyurl.com/5xfw854x
Consumer watchdog payouts in limbo as agency defanged by Trump administration
The Trump administration's decision to put the U.S. Consumer Financial Protection Bureau on ice has left a $100 million pot of money intended for borrowers allegedly harmed by the student loan servicer Navient sitting in limbo, according to an advocacy organization.
tinyurl.com
March 3, 2025 at 6:37 PM
Hey DOGE, where’s the efficiency? Money owed to consumers from financial abuse is in limbo right now, since the Trump administration has suspended the work of the CFPB. Complaints aren't being processed and lawsuits are being dropped. Looks like financial losses, not gains.
tinyurl.com/5xfw854x
tinyurl.com/5xfw854x
Current CFPB 'leadership' has not realized that this agency is the CONSUMER Financial Protection Bureau ... NOT the Corporation Financial Protection Bureau.
🚨CFPB drops enforcement against Capital One, letting them off the hook for $2 BILLION in cheated interest payments.
“The CFPB was created to be a watchdog for big banks, not a lapdog.” @erinwitte-cfa.bsky.social
“The CFPB was created to be a watchdog for big banks, not a lapdog.” @erinwitte-cfa.bsky.social
BREAKING: CFPB Fails to Pursue $2 Billion for Cheated Capital One Consumers · Consumer Federation of America
For Immediate Release: Press Contact: media@consumerfed.org CFPB permanently dismisses Capital One Bank from an enforcement action alleging that it cheated consumers out of interest payments on savings accounts. February 27, 2025 | WASHINGTON, D.C. — Today, the CFPB permanently dismissed its enforcement action against banking behemoth, Capital One. The complaint alleges that Capital One touted … Continued
s.mtrbio.com
February 27, 2025 at 5:58 PM
Current CFPB 'leadership' has not realized that this agency is the CONSUMER Financial Protection Bureau ... NOT the Corporation Financial Protection Bureau.
As the Trump administration tries to dismantle it,consumers caution HANDS OFF our CFPB complaint system!
"Sometimes you're up against a brick wall and you need an advocate. If that [CFPB complaint] program is disbanded where is a consumer supposed to turn? There is nobody."
tinyurl.com/crtatuan
"Sometimes you're up against a brick wall and you need an advocate. If that [CFPB complaint] program is disbanded where is a consumer supposed to turn? There is nobody."
tinyurl.com/crtatuan
Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided
The Consumer Financial Protection Bureau is in the crosshairs of a White House that has halted its work, closed its headquarters and fired dozens of its workers.
tinyurl.com
February 15, 2025 at 4:44 PM
As the Trump administration tries to dismantle it,consumers caution HANDS OFF our CFPB complaint system!
"Sometimes you're up against a brick wall and you need an advocate. If that [CFPB complaint] program is disbanded where is a consumer supposed to turn? There is nobody."
tinyurl.com/crtatuan
"Sometimes you're up against a brick wall and you need an advocate. If that [CFPB complaint] program is disbanded where is a consumer supposed to turn? There is nobody."
tinyurl.com/crtatuan
Now Congress wants in on dismantling CFPB consumer protection rules--it plans to ban a cap on Overdraft fees. Consumers need access to short term loans--without the penalty fee!
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." @adamrust.bsky.social
www.cnn.com/2025/02/12/b...
www.cnn.com/2025/02/12/b...
From credit cards to medical debt: What may happen to some key consumer protection rules under Trump | CNN Business
The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now under strict orders to do nothing.
www.cnn.com
February 13, 2025 at 6:12 PM
Now Congress wants in on dismantling CFPB consumer protection rules--it plans to ban a cap on Overdraft fees. Consumers need access to short term loans--without the penalty fee!
An Unlawful shutdown by the Unelected & Unaccountable. UNACCEPTABLE.
"The CFPB forced Wells Fargo to pay billions for creating 16 million fake accounts & required the credit bureaus to fix mistakes damaging millions of credit reports, but that type of work has now screeched to a halt." #ProtectConsumers #DefendCFPB www.nclc.org/unlawful-shu...
Unlawful Shut Down of Consumer Agency Endangers Working Families, Honest Businesses, the Economy
Consumer advocates warned today that the illegal effort by the Trump Administration to shut down the Consumer Financial Protection Bureau (CFPB) endangers the entire economy.
www.nclc.org
February 12, 2025 at 10:17 PM
An Unlawful shutdown by the Unelected & Unaccountable. UNACCEPTABLE.
Thank you Rohit Chopra-on your watch-the CFPB returned more than $6 billion to consumers--from corporate wrongdoing. This is the power of financial regulation—protecting everyday Americans from abusive banks and corporations.
February 1, 2025 at 5:35 PM
Thank you Rohit Chopra-on your watch-the CFPB returned more than $6 billion to consumers--from corporate wrongdoing. This is the power of financial regulation—protecting everyday Americans from abusive banks and corporations.
The CFPB under Director Rohit Chopra has been a trusted source that consumers could rely on to address disputes and hold companies accountable for unfair practices.
Many thanks to CFPB Director Rohit Chopra who returned billions of dollars to compensate real people for real financial harms.
Many thanks to CFPB Director Rohit Chopra who returned billions of dollars to compensate real people for real financial harms.
February 1, 2025 at 4:58 PM
The CFPB under Director Rohit Chopra has been a trusted source that consumers could rely on to address disputes and hold companies accountable for unfair practices.
Many thanks to CFPB Director Rohit Chopra who returned billions of dollars to compensate real people for real financial harms.
Many thanks to CFPB Director Rohit Chopra who returned billions of dollars to compensate real people for real financial harms.
Reposted by Consumer Action
Trump ordered a federal spending freeze on all grants & loans.
Students won't receive financial aid. Food assistance programs like SNAP are on pause. Programs like Medicaid and rental assistance will be impacted.
All this does is make it harder for working people to survive.
Students won't receive financial aid. Food assistance programs like SNAP are on pause. Programs like Medicaid and rental assistance will be impacted.
All this does is make it harder for working people to survive.
January 28, 2025 at 2:57 PM
Trump ordered a federal spending freeze on all grants & loans.
Students won't receive financial aid. Food assistance programs like SNAP are on pause. Programs like Medicaid and rental assistance will be impacted.
All this does is make it harder for working people to survive.
Students won't receive financial aid. Food assistance programs like SNAP are on pause. Programs like Medicaid and rental assistance will be impacted.
All this does is make it harder for working people to survive.
No car dealer misrepresentations, No bogus add-ons--simply provide a car's REAL price-- Who could argue with that?
Only shady auto dealers & now the Fifth Circuit has struck down the FTC's CARS rule.
It's time for states to step up.
Only shady auto dealers & now the Fifth Circuit has struck down the FTC's CARS rule.
It's time for states to step up.
January 28, 2025 at 4:54 PM
No car dealer misrepresentations, No bogus add-ons--simply provide a car's REAL price-- Who could argue with that?
Only shady auto dealers & now the Fifth Circuit has struck down the FTC's CARS rule.
It's time for states to step up.
Only shady auto dealers & now the Fifth Circuit has struck down the FTC's CARS rule.
It's time for states to step up.
The CFPB has sued Experian for 'failing' to rectify mistakes on consumers' credit reports. That's the kind of help we count on the Consumer Bureau for.
“For decades, Experian and others have conducted terrible and perfunctory so-called investigations when consumers tried to fix errors on their #CreditReports – ‘𝐬𝐡𝐚𝐦’ is exactly right,” said @chichiwu.bsky.social. #ProtectConsumers #DefendCFPB #CreditScores www.nclc.org/cfpb-sues-ex...
CFPB Sues Experian Over Failure to Remove Errors on Credit Reports
Experian Accused of Improperly Investigating Disputes, Threatening Consumers’ Access to Credit
www.nclc.org
January 7, 2025 at 9:01 PM
The CFPB has sued Experian for 'failing' to rectify mistakes on consumers' credit reports. That's the kind of help we count on the Consumer Bureau for.