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Consumer, Student Education Groups Defend CFPB To Congress

By | Chris Lindstrom
Higher Education Program Director

Nearly 60 student, consumer, and education groups signed on to this letter that was sent up to the Hill on Monday, February 13.  It calls for the CFPB to remain a strong, independent agency, so it can protect student loan borrowers (and taxpayers) from predatory lending tactics.

This week, in a big win for consumers, a district court took action to block the proposed merger between health insurance giants Anthem and Cigna. This decision follows a ruling last month that blocked the proposed merger of two more of the nation’s biggest for-profit health insurers, Aetna and Humana. These decisions come after months of work by U.S. PIRG and a broad coalition of consumer and health care groups, urging close scrutiny of the mergers from state and federal regulators and raising questions and concerns about the potential impact of the mergers.

Call your representative and senators every day. Here's how.

By | Andre Delattre
Executive Director, U.S. PIRG

There’s a lot unfolding in Washington, D.C., right now, and you may be wondering: “What can I do to voice my concerns?”

Despite an escalation of threats to exterminate the Consumer FInancial Protection Bureau, CFPB continues to protect consumers well. This week it sued TCF Bank over deceptive overdraft marketing schemes and it sued Navient, the student loan servicer and Sallie Mae spinoff, for "failing" students at every step of the repayment process. The TCF complaint notes that its CEO brazenly named his boat "Overdraft."

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