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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

April 8, 2019 Press Release
Students pursue higher education to work toward a brighter future, but too often the burden of student loan debt holds them back from reaching their full potential.
March 21, 2019 In The News

Oregon lawmakers are pushing for a nationwide ban of asbestos - a known carcinogen that kills thousands of people in America every year. 

Congresswoman Suzanne Bonamici and Senator Jeff Merkley inroduced a new act -- that would ban asbestos entirely in the U.S. 

The lawmakers met with community members in Portland Thursday to discuss the issue. 

Rep. Bonamici tells KATU News that part of the struggle in banning asbestos is fighting the companies that make money selling it. 

March 7, 2019 In The News

The Asbestos Disease Awareness Organization (ADAO), an independent nonprofit dedicated to preventing asbestos exposure, today applauds Senators Jeff Merkley (D-OR), Representative Suzanne Bonamici (D-OR), Chairman Frank Pallone (D-NJ), and Representative Elissa Slotkin (D-MI) for the introduction of

March 7, 2019 Press Release
Asbestos causes disease and death, and we must protect families and communities from this known carcinogen.
March 5, 2019 Press Release
Oregon’s Senator Jeff Merkley, Congresswoman Suzanne Bonamici, and Congressman Elijah E. Cummings introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act. The SAFE Lending Act would crack down on some of the worst abuses of the payday lending industry, particularly in online payday lending, and protect consumers from deceptive and predatory practices that strip wealth from working families.
February 6, 2019 In The News

The U.S. Department of Labor plans to propose a rule that would reexamine worker classification, redefining who is given certain labor protections and who is not.

The boom of the so-called gig economy — as seen in ridesharing apps like Uber and Lyft and others like TaskRabbit and DoorDash — have raised questions about whether people providing these services should be classified as entrepreneurs or as workers.

January 18, 2019 In The News

As furloughed federal workers scramble to cover their bills, members of Congress are imploring the Education Department to help those workers manage their student loans during the partial government shutdown.

​Rep. Suzanne Bonamici, D-Ore., kicked off the effort this week with a letter asking Education Secretary Betsty DeVos to direct student loan servicing companies to contact federal employees with information about their repayment options. 

January 16, 2019 In The News

At least 80 members of Congress have said they will refuse their paychecks or donate their earnings for the length of the shutdown in solidarity with unpaid federal employees.

January 13, 2019 In The News

Oregon Congresswoman Suzanne Bonamici talks one-on-one with KATU's Angelica Thornton about the on-going government shutdown and why she thinks President Trump shouldn't get any money to build a border wall.

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.