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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

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

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

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

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

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

Press Release

House passes budget package that slashes CFPB budget by 70 percent

Extreme budget cut will cripple the CFPB’s ability to protect consumers; Consumer Reports calls on Senate to restore the CFPB’s funding  WASHINGTON DC – Tucked…

May 22, 2025

Press Release

CFPB withdraws proposed rule that would have prevented data brokers from selling or misusing consumers’ sensitive personal data

Abandoning the proposed rules leaves consumers vulnerable to fraud and without protection to ensure data collected and sold about them is accurate WASHINGTON DC –…

May 14, 2025

Press Release

California Assembly passes bill banning unfair surveillance pricing

Consumer Reports praises legislation prohibiting companies from setting prices based on personal data gathered about customers SACRAMENTO, CA – Under a bill passed earlier this…

May 14, 2025

Consumer Reports letter opposing S.919, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act

Consumer Reports letter urging Senators to oppose S. 919, the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act unless it is…

May 7, 2025

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