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Our Work

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Press Release

Consumer Reports applauds CFPB’s “open banking” rule

New rule gives consumers greater access and control of their personal financial data to make it easier to switch financial providers and foster competition WASHINGTON…

October 22, 2024

Press Release

CFPB takes action to protect consumers from illegal medical debt collection practices

Consumer Reports applauds Bureau for issuing guidance to curb double-billing, excessive charges and other predatory debt collection practices WASHINGTON – Consumer Reports applauded the Consumer…

October 1, 2024

Press Release

CR supports CFPB’s proposed rule requiring paycheck advance providers to disclose all fees to workers

CR highlights additional safeguards needed to ensure borrowers are treated fairly  WASHINGTON – Companies that offer paycheck advance products (also known as “earned wage access”)…

August 29, 2024

CR letter in support of CFPB’s proposed interpretive rule on paycheck advances

In a comment letter submitted to the Consumer Financial Protection Bureau, Consumer Reports offered its strong support for the Bureau’s proposed rule requiring paycheck advance…

August 29, 2024

Press Release

Consumer Reports highlights potential benefits and risks of artificial intelligence used by financial institutions for consumers

CR details safeguards needed to ensure consumers are protected from risks  WASHINGTON – In a comment letter submitted to the Treasury Department, Consumer Reports highlighted…

August 13, 2024

Consumer Reports letter to Treasury Department on uses, opportunities and risks of AI in financial services

Consumer Reports letter to the Treasury Department highlighting some of the potential benefits that artificial intelligence used by financial institutions can provide to consumers and…

August 12, 2024

Press Release

Consumer Reports supports CFPB’s proposed ban on medical debt on credit reports

Medical debt burdens millions and is not a reliable predictor of credit risk  WASHINGTON – Consumer Reports urged the CFPB in a letter today to…

August 12, 2024

Consumer Reports letter in support of CFPB’s proposed ban on medical debt on credit reports

Consumer Reports letter to the Consumer Financial Protection Bureau urging it to adopt a proposed ban on the listing of medical debt on consumer’s credit…

August 12, 2024

Press Release

Consumer advocates support CFPB’s interpretive rule on Buy Now Pay Later loans, call for additional consumer protections

BNPL purchases should have the same protections as credit card purchases  WASHINGTON – Under an interpretive rule issued by the Consumer Financial Protection Bureau (CFPB)…

August 1, 2024

Consumer Reports and National Consumer Law Center comment letter on the CFPB’s Buy Now, Pay Later interpretive rule

In a comment letter filed with the CFPB, Consumer Reports and the National Consumer Law Center  offered strong support for the Bureau’s interpretive rule on…

August 1, 2024

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