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Consumer Protection

As a consumer protection attorney at the Federal Trade Commission, I learned firsthand how strong consumer protection laws keep Americans financially secure and level the playing field for businesses. A thriving marketplace without deceptive practices is also essential to our economic recovery because it will help to restore consumer confidence. I have taken on predatory lending and other unscrupulous practices, and I have worked to prevent insurance companies from taking advantage of seniors.  Recently I introduced the SAFE (Stop Abuse and Fraud in Electronic) Lending Act, a companion bill to legislation Senator Merkley introduced in the Senate, to protect consumers from abusive online payday lending practices.
 
As a member of the Financial and Economic Literacy Caucus, I am working to promote more personal financial education. With more education and understanding about personal finance and economics, consumers will be more knowledgeable in the marketplace and less likely to fall victim to scams. 
 
 
The Dodd-Frank Act and the Consumer Financial Protection Bureau
 
The Dodd-Frank Wall Street Reform and Consumer Protection Act has started to address some of the Wall Street abuses that led to the financial crisis, but more can be done. We need to make sure that a strong Volcker Rule is implemented to prevent banks from making risky bets with taxpayer insured deposits. Rules like this once kept Wall Street accountable, and it can do so again. 
 
Some in Congress are determined to undermine Dodd-Frank, which placed important new requirements on the financial services industry to prevent another Great Recession. I am fighting back against efforts to weaken Dodd-Frank, and I will continue to stand strong for American consumers, borrowers, and homeowners.
 
Enforcement of our consumer protection laws by the Consumer Financial Protection Bureau (CFPB) is a critical component in restoring consumer confidence in our economy. I am a strong supporter of the CFPB and its mission, and have sought to ensure that it has funding to carry out its important tasks. As a member of the Budget Committee I offered an amendment to provide full funding to the CFPB, and I will continue to seek other opportunities to support this critical consumer watchdog. 

 

More on Consumer Protection

December 20, 2018 Press Release
We write to express our deep concern about recent reporting from Reuters detailing the presence of asbestos in talcum powder products used in a variety of consumer goods, including baby powders commonly used on infants.
December 20, 2018 In The News

Two Democratic U.S. lawmakers have called on the Environmental Protection Agency to answer questions about asbestos exposure after Reuters reported that documents showed Johnson & Johnson knew for decades of the minerals presence in its popular baby powder.

Whether asbestos in the talc supply in Johnson & Johnsons Baby Powder caused cancer has been the subject of litigation for years.

October 9, 2018 Press Release
When people travel by air, they often experience lost luggage, delays, or other complications that are entirely out of their control.
August 21, 2018 In The News

Reports surfaced this month that the U.S. Environmental Protection Agency (EPA) had proposed a significant new use rule (SNUR) for asbestos in June, requiring anyone who wanted to start or resume importing or manufacturing the carcinogenic mineral to first receive EPA approval.

August 10, 2018 Press Release

WASHINGTON, DC [08/10/18] – Congresswoman Bonamici (OR-01) issued the following statement after the Trump administration moved to repeal the gainful employment rule, which protects students attending career colleges from being burdened by student loan debt that they cannot repay. 

 

July 19, 2018 Page
As a former consumer protection attorney, I know that people with bad intentions frequently take advantage of older Americans. In Congress I serve as a leader of the bipartisan Elder Justice Caucus, where I am fighting to help victims of fraud, hold scammers accountable, and recover stolen money for our seniors. Resources are available to you and your family if you need help. A call to my Beaverton office is a great place to start: 503-469-6010.
July 19, 2018 Page
As a former consumer protection attorney, I know that people with bad intentions frequently take advantage of older Americans. In Congress I serve as a leader of the bipartisan Elder Justice Caucus, where I am fighting to help victims of fraud There are resources for you and your family if you need help. Call my Beaverton office at 503-469-6010.
May 22, 2018 Press Release

WASHINGTON, DC [05/22/18] – Today Congresswoman Suzanne Bonamici, a leader on the House Education Committee, questioned Education Secretary Betsy DeVos during the Secretary’s first appearance in front of the Committee, 16 months after taking office.

May 16, 2018 Press Release
Representatives Suzanne Bonamici, Rob Bishop, Jared Polis, and Mia Love challenged the Department of Education to reconsider its decision to block states from regulating student loan companies.
May 9, 2018 Press Release
Congresswoman Suzanne Bonamici made the following statement after Acting Director Mick Mulvaney announced that the Consumer Financial Protection Bureau (CFPB) will be closing its Office for Students and Young Consumers.