Press Releases
CFPB Cracks Down on Credit Card Scams
As part of its ongoing fight to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) is cracking down on potentially illegal credit card reward scams, warning that some credit card companies may be taking advantage of customers by devaluing rewards while continuing to charge higher than average interest rates.
Press Releases
RealPage, Price-Fixing Algorithms Add $3.8 Billion to U.S. Rental Costs
A new analysis from the White House Council of Economic Advisers revealed today that pricing algorithms added $3.8 billion to rental costs in 2023. The company behind these algorithms, RealPage, has faced criticism for allegedly manipulating the rental market to inflate prices.
Press Releases
Trump’s Betrayal to Working Americans: Backtracking on Lower Prices but Promises Tax Cuts to Price Gouging Corporations
President-elect Trump’s brief commitment to reducing costs came to an end yesterday as he questioned whether he would lower grocery prices and then touted even more corporate tax cuts to a Wall Street audience. As recently as this week, the President-elect has promised to lower prices, claiming it was key to his election victory.
Press Releases
Final CFPB Rule Set to Save $5 Billion Annually, Despite Industry Opposition
As part of the Biden administration’s ongoing efforts to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) today announced its final overdraft rule, capping overdraft fees charged by banks and credit unions to as low as $5. The final rule is expected to save $5 billion in annual overdraft fees, roughly $225
Press Releases
Trump’s FTC Pick Puts Right-Wing Interests Over American Families
Last night, President-elect Trump nominated Andrew Ferguson to lead the Federal Trade Commission (FTC). Ferguson currently serves as a FTC commissioner, where he has used his power to undermine the agency’s work protecting consumers.
Press Releases
Judge Blocks Grocery Merger, Issuing a Win For Millions of Shoppers
Today, a federal judge blocked the proposed $25 billion merger between Kroger and Albertsons, issuing a massive victory to American consumers. As government watchdog Accountable.US has documented over the last year, the proposed merger would have opened the door for further consolidation, reduced wages, and price gouging in the food industry.