Defend the Consumer Bureau

For more than 20 years, Consumer Program Director Ed Mierzwinski has helped us stand up against big banks and credit card companies.

A CONSUMER COP ON THE FINANCIAL BEAT

You work hard to earn your money. You should be able to save, invest and manage your money without fear of being trapped, tricked or ripped off by the institutions you are trusting with your financial future.

That’s why we need strong consumer protections on Wall Street. And from the 2008 economic collapse, we know how big of an impact those institutions can have on our economy when they play fast and loose with our money. It made it clear: Americans need a watchdog agency on Wall Street, devoted to creating and enforcing fair, clear and transparent rules to protect consumers.

So in 2010, we helped create the Consumer Financial Protection Bureau (CFPB) to be our consumer cop on the financial beat.

THE CFPB GETS THE JOB DONE

Despite the fact that the CFPB is not widely known, they’ve been hugely successful at working for consumers, returning nearly $12 billion to more than 29 million people who were ripped off by companies that broke the law … in just six years.

The Consumer Bureau holds big banks, debt collectors and lenders accountable. Here are a few examples of some of the cases the CFPB has taken on to protect consumers:

When American Honda Finance used discriminatory pricing to rip off African-American, Hispanic and Asia/Pacific Island borrowers who paid too much for car loans, the CFPB returned $24 million to these consumers.

The Department of Justice and 47 states joined the CFPB in a $216 million action against JP Morgan Chase Bank for illegal debt collection practices affecting over half a million Americans.

When it was discovered that Wells Fargo employees were opening unauthorized debit and credit accounts using their customer's information, the CFPB fined Wells Fargo $100 million for fraud.

The CFPB fined Equifax and TransUnion — two of the three largest credit reporting agencies — $5 million for selling inflated credit scores to consumers that were different from ones actually used by lenders and returned $17 million to those harmed by the deception.

In addition, the Consumer Bureau has helped level the financial playing field, educating veterans, senior citizens, new homeowners, college students and low-income consumers on how to keep their finances secure.

The Consumer Bureau's success should be earning it applause in Washington. Yet instead of cheering on the agency, the Trump administration and many members of Congress are pushing to weaken or even get rid of it.

Even with the Consumer Bureau on the job, many Americans are still at risk of reckless financial practices that threaten their homes, their retirement savings and their overall well-being. That’s why we don’t simply need the Consumer Financial Protection Bureau to exist: We need to make it even better, by strengthening commonsense consumer protections.

Issue updates

Blog Post | Consumer Protection, Food

Dangers on Our Dinner Tables | Ed Mierzwinski

Sequestration is one of the hottest topics in D.C. right now, but one consequence that has been largely overlooked is the impact that these budget cuts would have on our dinner tables and our health.

> Keep Reading
News Release | CALPIRG | Consumer Protection

CALPIRG Applauds FTC’s New Privacy Guidelines for Online Apps

“When less than one-third of Americans feel that they are in control of their personal information on their mobile devices, clearly there is a problem,” said Jon Fox, consumer advocate with CALPIRG.

> Keep Reading
News Release | CALPIRG | Consumer Protection

Facebook Search Puts Privacy at Risk

CALPIRG calls on consumers to update privacy settings in light of Facebook's new social search engine, Graph Search.

> Keep Reading
Blog Post | Consumer Protection

Public Utility De-Regulation: A Losing Game for Consumers | Jon Fox

San Francisco Chronicle reportes that state de-regulation of copper-wire phone lines leads to skyrocketing price hikes for consumers.

> Keep Reading
News Release | CALPIRG Education Fund | Consumer Protection

CALPIRG Applauds AG’s New Privacy Guidelines for Online Apps

New guidelines urge mobile app developers to be judicious in the data they collect while being mindful of user privacy - shining the spotlight on consumer privacy.

> Keep Reading

Pages

The San Diego Union Tribune: Dirty politics masquerading as consumer protection

“Ugh. I just got back from the supermarket, and those pushy signature gatherers are back!”

> Keep Reading
News Release | CALPIRG Education Fund | Consumer Protection, Food

CALPIRG Calls on USDA to Move More Quickly Recalling Tainted Food

“We trust food like Cargill to make sure our food is safe, and remove it from shelves before an outbreak happens. Unfortunately, that did not happen,” Jon Fox.

> Keep Reading
News Release | CALPIRG | Consumer Protection, Tax

Less Taxes, Little Relief for Travelers

Expired legislation can mean $25 or more in savings for a typical $300 round-trip air ticket. Yet most consumers will never see those savings.

> Keep Reading
News Release | CALPIRG Education Fund | Consumer Protection

As cell phone plans change, consumers should be wary

As cell phone service provders scrap unlimited data plans for mobile phones, CALPIRG warns consumers to check their data usage in order to avoid overcharge fees.

> Keep Reading
News Release | CALPIRG Education Fund | Consumer Protection

Business Credit Cards: Liability without protection

CALPIRG Education Fund warns Californians to think twice before responding to one of the millions of business credit card offers that are mailed out to California households each year.

> Keep Reading

Pages

News Release | CALPIRG Education Fund

Sacramento - Today, CALPIRG Education Fund released a new report, “What are Californians Trying to Fix?” which looks at what items people in California are trying to fix, and why that can be difficult to do. The report highlights the growing call for “Right to Repair” reforms, which would require manufacturers to make parts and service information available to consumers who want to reduce waste and save money by extending the life of the products they buy. 

News Release | U.S. PIRG Education Fund

The U.S. Food and Drug Administration (FDA) has confirmed today that the drug manufacturers Dr. Reddy’s and Perrigo have initiated a voluntary recall of all of their generic versions of Zantac (ranitidine) -- commonly used to treat heartburn -- due to carcinogen contamination.

Report | CALPIRG Education Fund

According to our review of data from iFixit, a self-described “repair guide for everything, written by everyone,” nearly 8 million unique users from California went onto their website, www.ifixit.com, to look up how to repair something in 2018.

Looking more closely into that data from iFixit, the top ten device types that Californians attempted to fix were cell phones, laptops, automobiles, gaming consoles, desktop computers, tablets, watches, wireless speakers, vacuums and headphones. Cell phone repair guides were by far the most popular, receiving about 27% of all the page views.

News Release | U.S. PIRG Education Fund

Despite more than 50 infant deaths from inclined sleepers, including the Fisher-Price Rock ‘n Play and the Kids II Rocking Sleeper, many versions of this type of product remain for sale and in homes. The U.S. Consumer Product Safety Commission (CPSC) is proposing a new rule that would virtually end the sale of inclined sleepers. 

View AllRSS Feed

Support us

Your tax-deductible donation supports CALPIRG Education Fund’s work to educate consumers on the issues that matter, and the powerful interests that are blocking progress.

Learn More

You can also support CALPIRG Education Fund’s work through bequests, contributions from life insurance or retirement plans, securities contributions and vehicle donations.