May 10, 2017
Media contact: NCL Communications, Cindy Hoang, email@example.com, (202) 207-2832
Washington, DC—The National Consumers League (NCL) is joining with consumer groups and individuals who are descending on Congress this week to demand an end to the attacks on consumer protections by both Houses of Congress. In particular, the advocates are calling on Congress to reject legislation that would weaken the Consumer Financial Protection Bureau (CFPB) and undermine its proposed rules to limit high-cost payday loans and forced arbitration. The advocates are also urging opposition to the Regulatory Accountability Act, which will cause agency paralysis by analysis and make it extremely difficult to enact important new health, safety, and pocketbook protections.
“Consumers want their finances protected from predatory debt collectors or pay day loan sharks. They want sensible regulations that keep their air and water safe for themselves and their families. They overwhelmingly want access to health care and oppose the repeal of the Affordable Care Act. They want safer toys, cribs and strollers for their children. Yet the majority in this Congress is hell bent on repealing those consumer protections and that spells danger for all of us,” said NCL Executive Director Sally Greenberg.
NCL is particularly concerned about the security of the Consumer Financial Protection Bureau, including the $12 billion in ill-gotten gains the agency returned to American consumers.
“NCL is proud to be joining the legions of consumers who have come to Washington to say ‘stop attacking hard won consumer protections,’” said Greenberg. “We must stand up to members of Congress who are siding with corporations over everyday consumers and oppose the repeal of sensible consumer protections.”
About the National Consumers League
The National Consumers League, founded in 1899, is America’s pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.