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House approves CLARITY Act without needed protections for consumers and investors

WASHINGTON DC – A bill passed by the House today creates a regulatory framework for cryptocurrencies without the safeguards needed to protect consumers and investors…

July 17, 2025

Money

Press Release

House passes GENIUS Act that fails to protect consumers In stablecoin market

Regulatory framework leaves consumers exposed to unacceptable risks WASHINGTON, D.C. – A bill approved by the House today that establishes a regulatory framework for stablecoins…

July 17, 2025

Money

Consumer Reports letter to the House urging lawmakers to oppose the CLARITY Act

Consumer Reports letter to the House urging lawmakers to oppose the Digital Market Clarity Act of 2025 (the CLARITY Act, H.R.3633) unless substantially amended to…

July 15, 2025

Money

Consumer Reports letter to the House urging lawmakers to oppose the GENIUS Act

Consumer Reports letter to the House urging lawmakers to oppose S.1582, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act, unless…

July 14, 2025

Money

Press Release

Senate passes budget bill with devastating cut to CFPB’s funding

Bill slashes CFPB’s budget nearly in half and leaves consumers vulnerable to fraud and abuse WASHINGTON DC – The Senate narrowly approved the budget reconciliation…

July 1, 2025

Money

Press Release

Consumer Reports urges Senate to reject budget bill provision that cuts CFPB’s funding by 50 percent

Slashing the CFPB’s budget will leave consumers vulnerable to fraud and abuse WASHINGTON DC – In a letter sent to the Senate today, Consumer Reports called on…

June 27, 2025

Money

Consumer Reports letter urging the Senate to reject a 50 percent cut to the CFPB’s funding in the budget bill

Letter from Consumer Reports to the Senate urging its members to oppose the budget reconciliation bill provision that would cut the Consumer Financial Protection Bureau’s…

June 27, 2025

Money

Press Release

Consumer Reports statement on Senate Parliamentarian’s decision blocking budget bill provision that would have defunded the CFPB

WASHINGTON DC – Chuck Bell, advocacy program director at Consumer Reports, issued the following statement in response to the Senate Parliamentarian’s ruling that a provision…

June 20, 2025

Money

Press Release

Senate OKs GENIUS Act without safeguards needed to protect consumers and the financial system from stablecoin risks

WASHINGTON DC – A bill approved by the Senate today that establishes a regulatory framework governing stablecoins fails to include the protections needed to ensure…

June 18, 2025

Money

Press Release

Consumer Reports statement on Representative Waters’ bill to prevent crypto conflicts of interest by restricting government officials from owning digital assets

WASHINGTON DC – Delicia Hand, senior director, digital marketplace, at Consumer Reports issued the following statement today on Representative Maxine Waters’ bill that prohibits the…

May 22, 2025

Money