Tag Archives: Congress

News Release: Brown Bill on Data Would Improve Consumer Privacy

This legislation will create vitally needed new public protections by putting constraints on the collection, use, sharing, and selling of our personal data by financial services companies and all firms. The Data Accountability and Transparency Act’s bright-line approach appropriately shifts the burden of privacy protection away from consumers, who have minimal resources to protect themselves, and toward corporations, which profit immensely from the aggregation of our data.

us congress building - Photo by Louis Velazquez on Unsplash

Joint Statement: Principles for Protecting Main Street Jobs & Businesses  

Hundreds of thousands of small businesses shuttered by COVID-19 are at risk of closing for good in the coming weeks without direct subsidies. Very small businesses and those with historically limited access to capital are especially vulnerable. With little or no revenue coming in, entire sectors of the small business economy face extinction. Tens of millions of jobs are at stake – along with health care, sick leave, retirement, and other important benefits.

News Release: Further Action Needed to Protect People from Coronavirus Fallout

Corporate and Wall Street titans have used the coronavirus crisis to grab windfalls as a price for putting desperately needed resources into health care and helping people facing acute distress after losing jobs and income. The Trump administration and too many members of Congress actively promoted this terribly unbalanced approach to a public health emergency. The federal government – Congress and the executive branch – must move swiftly beyond what is in this legislation to help struggling people, families and communities in a just and inclusive manner. More needs to be done to respond to this crisis.

News Release: Payday Lenders Openly Brag That Their Contributions Lead to Regulation Rollbacks

A video obtained by consumer watchdog groups Allied Progress and Americans for Financial Reform shows payday industry executives bluntly discussing how campaign contributions to the Trump campaign has bought them access to his administration. In a recent webinar, predatory lenders reveal their plan for using campaign cash to lock in a final CFPB payday rule that enriches them at consumers’ expense.