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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. 
 
 
 

 

More on Consumer Protection

January 27, 2020 In The News

More people are sharing their mail problems with KATU News.

Rep. Suzanne Bonamici, D-Oregon, represents parts of the Portland metro area, including Banks. She said the post office is an invaluable service, especially in rural areas, and invites anyone with problems to contact her office in Beaverton.

January 14, 2020 In The News

The House of Representatives will vote on a resolution that could stop Education Secretary Betsy DeVos' borrower defense rule from going into effect, and supporters of the measure say it's time for legislators to choose a side.

Representative Suzanne Bonamici, a Democrat from Oregon, also criticized DeVos' methodology of calculating relief during a House Education Committee hearing on December 12. She claimed that just because people are earning money doesn't negate the possibility their school defrauded them.

December 17, 2019 In The News

Anger against the pharmaceutical industry is growing. A Gallup poll published in September put the industry at the bottom of the heap among 25 sectors rated annually on their popularity. Nearly 60 percent of respondents said they had a negative view of the industry. People liked government more, with 52 percent seeing bureaucracies in a negative light. 

December 14, 2019 In The News

U.S. Rep. Suzanne Bonamici, whose district covers much of northwest Oregon including parts of Portland, was one of several Democratic members of the House Education Committee to press Education Secretary Betsy DeVos on the agency’s decision to restrict debt relief for former students of shuttered for-profit colleges.

December 12, 2019 In The News

More than 200,000 students say despite the promise of a job post-graduation from mostly for-profit colleges, they have nothing to show for it except mountains of debt.

Education Secretary Betsy DeVos faced scrutiny from lawmakers on Capitol Hill for the Department of Education's implementation of a loan forgiveness rule aimed to help defrauded students called Borrower Defense.

"These students were misled and cheated and the fact that some of them may be making money doesn’t mean they weren’t defrauded," said Rep. Suzanne Bonamici, a Democrat from Oregon.

December 12, 2019 In The News

Secretary of Education Betsy DeVos on Thursday defended her decision to move ahead with partial loan forgiveness for students defrauded by for-profit colleges, pushing back on criticism from Democrats over her approach.

December 12, 2019 In The News

We’re closing in on year three since the U.S. Department of Education (DOE) was tasked with canceling federal student loans for thousands of consumers. These students were victimized by predatory for-profit colleges like Corinthian Colleges, which, at its peak, operated more than 100 campuses in the U.S. and Canada. 

December 12, 2019 In The News

Tensions ran high at a House Education and Labor Committee hearing on Thursday, where Democrats questioned U.S. Secretary of Education Betsy DeVos about her implementation of the borrower’s defense rule, the provision that allows loan forgiveness for defrauded students.

December 12, 2019 In The News

Two-year-old memos took center stage at a House Education Committee hearing on Thursday where Education Secretary Betsy Devos defended her position to only issue partial relief to some students who were defrauded by their schools.

December 12, 2019 In The News

Education Secretary Betsy DeVos endured a withering barrage of questions on Thursday about her handling of a program meant to provide debt relief to federal student loan borrowers who say they were defrauded by for-profit colleges.