Consumer Protection

News Release | U.S. PIRG | Consumer Protection

Statement: Overdraft actions by CFPB and Capital One should be followed by more

The Consumer Financial Protection Bureau (CFPB) has released research showing that the financial sector overrelies on overdraft fees and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019. Ironically, one of America’s 15 largest banks, Capital One, announced earlier in December that it will eliminate all overdraft and NSF fees.

News Release | U.S. PIRG | Consumer Protection

Statement: Bipartisan introduction of Veterans and Consumers Fair Credit Act marks important step in stopping the debt trap

The Veterans and Consumers Fair Credit Act (VCFCA) was reintroduced in the House Committee on Financial Services on Monday. This bill would limit interest rates on loans and go a long way toward protecting consumers, including veterans, who are often victimized by predatory lenders.

How I got my finances in order

By | Mike Litt
Director, Consumer Campaign

Even with the knowledge I’ve gained working as a consumer advocate for several years, getting my finances in order has been a work in progress. 

How I started my estate and end-of-life planning

By | Mike Litt
Director, Consumer Campaign

Until recently, I did not have estate and end-of-life planning in mind, but it was the natural next step in my quest to be a responsible adult, with a nudge from the existential threat of the COVID-19 pandemic.

Resources I used to prepare my advance directive

By | Mike Litt
Director, Consumer Campaign

Advance directives are legal instructions that include a living will (different from a regular will) and a health care proxy. In them, you state what treatments you do or don’t want at the end of your life and who you want making health care decisions for you if you can’t. 

Fixing our stuff and fixing our planet

By | Rishi Shah
Advocate, Maryland PIRG

International Repair Day reminds us why repair is essential for the environment 

What I decided to do after shopping for long-term care insurance

By | Mike Litt
Director, Consumer Campaign

Before listening to In Case You Get Hit By a Bus, I didn’t know about insurance that covers the costs of long-term care, such as home health care or nursing home care, for people who need assistance with daily living activities. 

How I’m supercharging my savings with socially responsible investing (SRI)

By | Mike Litt
Director, Consumer Campaign

Getting my finances in order has been a work in progress over several years, starting with tackling credit card debt, paying off my car loan and then building an emergency fund. 

After clearing those hurdles, I set more defined financial goals and plans in motion this year, including automatic deposits into new investment accounts.

News Release | U.S. PIRG | Consumer Protection

Statement: A true consumer’s champ clears hurdle to serve as CFPB director

Rohit Chopra will be the new director of the Consumer Financial Protection Bureau (CFPB). By a vote of 50-48 on Thursday, the Senate confirmed that the Federal Trade Commission (FTC) commissioner will take on the top position at the CFPB. 

Mike Litt, U.S. PIRG’s consumer campaign director, issued the following statement.

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