Consumer Federation of America
@consumerfed.bsky.social
1.7K followers 550 following 490 posts
The Consumer Federation of America is an association of more than 250 nonprofit consumer organizations established to advance the consumer interest.
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consumerfed.bsky.social
We are CFA, a research, advocacy, education, and service organization dedicated to protecting #Consumers !

We are excited to join #BlueSky !
consumerfed.bsky.social
NEW REPORT: The deliberate dismantling of regulatory safeguards in #fintech, #payments, and #stablecoins shows a collective refusal to remember what led to the last economic collapse.

“If #policymakers fail to recall this truth, they are destined to relearn it the hard way.” @adamrust.bsky.social
Today's Economic Deregulation Repeats the Faults of the 2008 Financial Crisis · Consumer Federation of America
The deliberate dismantling of regulatory safeguards in fintech, payments, and stablecoins shows a collective refusal to remember what led to the last economic collapse. Rather than learning from mista...
consumerfed.org
Reposted by Consumer Federation of America
autosafety4all.bsky.social
#California! Good news for car buyers. @governor.ca.gov just signed the Combating Auto Retail Scams Act, to make buying cars more affordable & less risky. Imagine having 3 days to return a used car for ANY reason, for a refund. Game changer! @consumerfed.bsky.social www.gov.ca.gov/2025/10/06/g...
Governor Newsom signs new laws to help reduce costs for families | Governor of California
www.gov.ca.gov
consumerfed.bsky.social
A proposed rule that would lower #FannieMae and #FreddieMac’s #AffordableHousing goals could make it harder for first-time #homebuyers to get a #mortgage, advocates at the nonprofit Consumer Federation of America (CFA) warned
@sjccorn.bsky.social
Trump Plan Could Make It Harder for First-Time Homebuyers To Get Mortgages
The FHFA is proposing a change that would weaken Fannie Mae and Freddie Mac’s affordable housing goals, consumer advocates warn.
www.newsweek.com
consumerfed.bsky.social
"These characters have already caused both physical and emotional damage that could have been avoided," and the companies "still haven't acted to address it," @benwinters.bsky.social, the CFA's director of #AI and privacy.
Using AI as a Therapist? Why Professionals Say You Should Think Again
Chatbots can sound reassuring and comforting. They're designed to. But they aren't trained to be a mental health provider.
www.cnet.com
consumerfed.bsky.social
“By halting the very #agencies that safeguard families from predatory lenders, unfair fees and corporate abuse, the administration is abandoning Americans at the height of a widespread #affordability crisis.”
@erinwitte-cfa.bsky.social
#govermentshutdown
Travel, national parks and housing: what does the US government shutdown mean for everyday people?
Several thousand federal employees will be furloughed or must do unpaid work. Regular people will feel it differently
www.theguardian.com
consumerfed.bsky.social
Under its contingency plan, the #CDC is suspending analysis of surveillance #data for reportable #diseases, including foodborne illness.

“This means that authorities may be slower to solve a nationwide #outbreak,” said Gremillion in a statement.
This Federal Food and Agriculture Work Will Cease During the Shutdown
What you need to know about who’s still working and which programs will go dark now that the government shutdown has started.
civileats.com
consumerfed.bsky.social
Consumer advocates charge that the #shutdown will compound existing rollbacks in #ConsumerProtections and leave millions of #Americans exposed to risks in #Housing, #FoodSafety, #FinancialServices, and everyday household security.
Federal government shutdown threatens consumer protections
Consumer Federation itemizes the risks to consumers  Protection against predatory lenders, unfair fees, corporate abuse suspended, CFA charges Food saf
www.consumeraffairs.com
consumerfed.bsky.social
CFA estimates that #SouthCarolina families are paying about 17% more for home #insurance than they did three years ago — an average increase of about $400 a year. Heller testified.

Full Story Here: www.wltx.com/article/news...
consumerfed.bsky.social
"The #tariffs on heavy trucks will be especially harmful, as they will increase #transportation costs for a wide range of goods, and companies will eventually pass on most of these #costs to consumers.
Ethan Weiland told Newsweek
Ikea responds to Trump’s furniture tariffs
The Swedish company said it hopes to keep prices low but that the new duties make this "more difficult."
www.newsweek.com
consumerfed.bsky.social
A report from CFA found that #homeowners saw a 24 percent increase in #insurance premiums over the past three years. From 2021 to 2024, the annual costs for a typical policy jumped by an average of $648 dollars across the country.

Full Story Here: www.investigatetv.com/video/2025/0...
consumerfed.bsky.social
There are nuances to #insurance policies so it pays to understand. And, with premiums up 24 percent over the past three years, according to the Consumer Federation of America, reviewing your coverage could save you #money.
@washingtonpost.com
How much do you know about insuring your home?
Take this quiz on premiums, coverage and claims .
www.washingtonpost.com
consumerfed.bsky.social
"The timing of these red flags is especially alarming given the larger trends in the market around the affordability of #cars," said Tara Mikkilineni, senior fellow at CFA

Full story here: www.scrippsnews.com/business/aut...
consumerfed.bsky.social
“The #CFPB couldn’t have chosen a worse moment to shirk its duty to oversee major #financial institutions and help avert the next crisis,” said @erinwitte-cfa.bsky.social “Americans are drowning in #debt, putting corporations in a position of power to exploit them.”
nclc4consumers.bsky.social
“The CFPB’s plan to limit oversight of the debt collection, credit reporting, auto finance and remittance markets is yet another abrupt reversal from its mission to #ProtectConsumers from financial abuse.” @consumerfed.bsky.social www.nclc.org/cfpb-must-su...
CFPB Must Supervise Auto Finance, Debt Collection, Credit Reporting, and International Remittance Industries
Rigorous Supervision Is Needed to Protect People from Financial Abuse
www.nclc.org
consumerfed.bsky.social
Consumer rights groups say the rollback hurts customer experience. “Experiencing #flight delays and cancellations is extremely frustrating,” Erin Witte, director of consumer protection for CFA
#DOT #Airlines
Trump DOT nixes compensation requirement for airline delays and cancellations
The Trump administration is rolling back Biden-era consumer protections, including those that had yet to take off.
www.customerexperiencedive.com
consumerfed.bsky.social
' #Delinquencies, #defaults, and #repossessions have shot up in recent years,' the Consumer Federation of America warned in recent analysis. #Auto

'It looks alarmingly similar to trends that were apparent before the #GreatRecession.'
Americans reach record car debt… experts fear a 2008-like collapse
The soaring cost of cars and insurance is pushing millions of Americans to the financial brink. Wall Street is nervous that could trigger a recession.
www.dailymail.co.uk
consumerfed.bsky.social
In an untrustworthy information ecosystem, #AI abuse and #scams thrive, according to @benwinters.bsky.social

“[It] truly doesn't matter to them how people are impacted [...] so you see younger women actually being targeted.”

@teenvogue.com
AI "Love Island" Wellness Scams Are All Over TikTok. Did You Fall For One?
www.teenvogue.com
consumerfed.bsky.social
The Consumer Product Safety Commission ( #CPSC ) has already exceeded its 2024 record of 369 #recalls and #warnings, issuing 376 recalls and #safety warnings so far in 2025.

Why are there so many hazards to catch in the first place and what must be done to protect US families?
#OnlineMarketplaces
Online Marketplaces Are Fueling an American Product Safety Crisis · Consumer Federation of America
The Consumer Product Safety Commission (CPSC) announced the agency has already exceeded 2024's record of 369 recalls and warnings, issuing 376 recalls and safety warnings so far in 2025. Why are there...
consumerfed.org
consumerfed.bsky.social
"Generally speaking, we don't have any controls or power over the way our #data is collected and then used or abused," @benwinters.bsky.social #PersonalizedPricing

Full story here: www.scrippsnews.com/life/money/p...