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adamrust.bsky.social
Director of Financial Services, Consumer Federation of America. Durhamite! Dad. Ok at tennis. Reader of books and walker of dogs. OMO
10 posts 41 followers 9 following
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Consumer voices will be heard! We’re meeting with Congress all week as part of the 2025 Consumer Advocacy Week. Top priorities: Keep big bank overdraft fees capped at $5, protect a rule to remove medical debt from credit reports, and defend the #CFPB. #ProtectConsumers #CAW2025

submitted 2 days ago • 0 comments

Thank you @repbillfoster.bsky.social for meeting with us to support the #CFPB during Consumer Advocacy Week. Protecting the CFPB's rules on #medicaldebt, #overdraft, and #paymentapps is vital. These are essential rules to protect #consumer financial stability. #CAW2025 #ProtectConsumers #CAW2025

submitted 2 days ago • 0 comments

Imagine a grocery store where a jar of pickles is $5, but if you break a jar by accident while shopping, it's a $35 fee. That's how #bigbanks price #overdraft. And some set up traps to encourage spills. #DefendCFPB #HandsOffCFPB #CAW2025

submitted 2 days ago • 0 comments

Thank you @foushee.house.gov for meeting with us to discuss the #CFPB during Consumer Advocacy Week. Protecting the CFPB's rules on #medicaldebt, #overdraft, and #paymentapps is vital. These are essential rules to protect #consumer financial stability. #CAW2025 #ProtectConsumers #CAW2025

submitted 2 days ago • 0 comments

Thank you @ross.house.gov for taking the time to meet with us during Consumer Advocacy Week. We hope you’ll stand with us in support of the #CFPB and its mission to #ProtectConsumers #HandsOffCFPB #CAW2025.

submitted 2 days ago • 0 comments

This week, we’re taking a virtual trip to the Capitol to tell Congress to protect people from abusive #overdraft fees, allow #MedicalDebt to drop from credit reports, and defend the #CFPB’s critical work to #ProtectConsumers. #HandsOffCFPB #CAW2025

submitted 5 days ago • 0 comments

With the muzzling of the CFPB, consumer expectations for important privileges are suddenly no longer certain. Since the #CFPB is the primary federal regulator for non-banks, using a fintech may be among the categories where the terms are changing the most. @nytimes.com

submitted 14 days ago • 0 comments

To understand what's at stake when the CFPB's supervisory work is suspended, look at what it did under Dir. Chorpa: It held #BigTech, #bigbanks, #paydaylenders, #payments apps, & #studentloan servicers accountable. #defendCFPB @consumerfed.bsky.social @erinwitte-cfa.bsky.social bit.ly/4hOrwvz

submitted 34 days ago • 0 comments

Today's Consumer Financial Protection Bureau report on #BNPL adds to previous concerns: people come to BNPL w high balances on credit cards. Repayment on BNPL is higher b/c of Ts & Cs requiring auto collection: a/k/a "Ability-to-Collect." It's phantom debt and it spells big trouble. bit.ly/4gPmLlC

submitted 61 days ago • 0 comments