Written by Christine Hines, Legislative Director
Arkansas Democrat Gazette, Hill offers measure for speedy access to check deposit funds.
"Ira Rheingold, executive director of the National Association of Consumer Advocates, said Hill's changes are an improvement over the status quo, but he'd like to see more sweeping changes to benefit families living paycheck to paycheck.
NACA joined organizations on a letter to Congress and the White House to urge opposition to any FY 2017 appropriations bills that include inappropriate ideological policy riders.
NACA joined 20 organizations, advocates of consumer and worker rights and other protections, in a letter to express strong support of S. 2506, the Restoring Statutory Rights Act of 2016. The legislation would ensure that fine-print terms of corporate contracts, specifically predispute binding (or forced) arbitration clauses, no longer suppress the rights and remedies guaranteed to individuals in consumer protection, civil rights, and other state and federal laws.
NACA has joined with the Coalition for Sensible Safeguards, an alliance of more than 70 consumer, small business, labor, scientific, research, good government, faith, community, health, environmental, and public interest groups to oppose three bills that the House is expected to vote on this week. Each bill is part of a three-pronged strategy to jeopardize public protections. H.R. 10, the Regulations from the Executive in Need of Scrutiny (the REINS Act), H.R. 3010, the Regulatory Accountability Act, and H.R.
H.R. 1121 would threaten the ability of the newly-enacted Consumer Financial Protection Bureau (CFPB) to protect consumers from predatory and abusive financial practices. The bill, which would fundamentally change the structure of the CFPB from a single, accountable director to a weak five-person commission, would derail the consumer protections enacted under the Dodd-Frank act (P.L. 111-203).
We urge Congress to reject this bill and keep the single director in place.
We the undersigned consumer, civil rights and labor organizations write to commend you for introducing the Credit Card Reform Act. As the U.S. economy balances precariously on the brink of recession, this important legislation will protect financially vulnerable families from many harmful practices that credit card companies use to unjustifiably increase fees and interest rates.