Financial Reform

Resource | Financial Reform

Over 80 Groups Oppose S.2155 & its Benefits for the Credit Bureaus

Today, we sent a letter addressed to all members of the House of Represenatives in opposition to S. 2155, or as we call it, the Bank Lobbyist Act. We are joined by 84 other groups and leaders, representing communities, consumers, servicemember, and workers across the country. In particular, this letter explains how the bill benefits Equifax and the other national credit bureaus at the expense of average consumers and our military servciemembers. 

Our Op-ed in CNN about the Bank Lobbyist Act

By | Mike Litt
Consumer Campaigns Director, Travel Buddy

Our op-ed in CNN today dives into how the bad banking bill (S. 2155) in Congress also benefits Equifax & the other credit bureaus at the expense of average consumers and servicemembers.

Our Op-ed in CNN about the Bank Lobbyist Act

Our op-ed in CNN today dives into how the bad banking bill (S. 2155) in Congress also benefits Equifax & the other credit bureaus at the expense of average consumers and servicemembers.

Will Flawed CFPB Wells Fargo Consent Order Be Reopened To Help Victims?

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Questions are being raised. Will the ballyhooed $1 Billion CFPB settlement with Wells Fargo be reopened because it clearly favors the wrongdoer at the expense of the victims? There is a reopening precedent for bad consent orders, which we discuss below.

Resource | Financial Reform

Semi-Annual Hearing on the CFPB

OMB Director Mick Mulvaney, a controversial appointment by President Trump to also serve as Consumer Financial Protection Bureau acting director, delivered his first Semi-Annual Report of the CFPB to the House (Wednesday) and Senate (Thursday) this week. Here is the Travel Buddy Statement for the Hearing Record.

We Join Groups in FTC Privacy Complaints Against Facebook and Google's YouTube

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

We've joined complaints that two behemoth firms are in violation of Federal Trade Commission privacy rules. In the first, Travel Buddy joins the Electronic Privacy Information Center and other groups claiming that a number of Facebook's practices - particularly, its use of facial recognition techniques without consent -- violate a previous 2011 privacy order. The facial recognition practice may also violate PIRG-backed Illinois law. Second, we join the Center for Digital Democracy's filing alleging that Google's YouTube collects information about kids in violation of the Children's Online Privacy Protection Act (COPPA). And we haven't forgotten about Equifax.

32 state Attorneys General to Congress: Don't replace our stronger privacy laws!

By | Mike Litt
Consumer Campaigns Director, Travel Buddy

Some 32 Democratic and Republican state Attorneys General have sent a strong letter to the bi-partisan sponsors of a draft federal data breach and data security bill. The weak, industry-backed proposal from Rep. Blaine Luetkemeyer (R-MO) and Carolyn Maloney (D-NY) would override, or preempt, numerous better state privacy laws and, importantly, prevent states from ever again acting to protect their citizens' financial DNA better. We don't like the bill either.

Did Facebook Violate An FTC Privacy Order When It Did Business With Cambridge Analytica?

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Recent news stories about Facebook providing personal information to the data broker Cambridge Analytica raise a question: Is Facebook in violation of a 2011 Privacy Order with the Federal Trade Commission? We've joined leading consumer and privacy groups in a letter to the FTC raising issues for an investigation.

We Signed A Letter In 2014 But That Doesn't Mean We Support The Bank Lobbyist Act

By | Mike Litt
Consumer Campaigns Director, Travel Buddy

Why would we support an amendment to make a bad bill worse? We wouldn't. Here's our explainer on how our signature on a 2014 letter should not have been used to somehow imply we supported an amendment to S2155 on credit scoring favoring Equifax and the other Big 3 credit bureaus.

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