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CR letter to House Financial Services Committee urging it to oppose HR 7428 and HR 7440

Letter from Consumer Reports to the members of the House Financial Services Committee urging them to oppose H.R. 7428, the “Earned Wage Access Consumer Protection Act,” and H.R. 7440, the “Financial Services Innovation Act of 2024.  CR’s letter notes that both of these bills prioritize enabling untested “innovations” over instituting proper consumer safeguards.