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Banking & Credit

Debt

Everyone should try to pay debts that are legitimately owed, but sometimes consumers may be unable to do so because of job loss, unexpected medical bills, divorce or other issues. CFA supports the Fair Debt Collection Practices Act and other laws and regulations that protect consumers from abusive, misleading and unfair debt collection tactics. CFA also supports measures to prevent fraud and abuse in the debt relief industry and promotes public awareness about legitimate sources of help for consumers who are in debt crisis.

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Most Recent Press Releases

  • Thanks to Trump CFPB’s Actions, More Than $360 Million Owed to Americans is at Risk, New Investigation Reveals
  • Trump's CFPB Once Again Harms Servicemembers
  • Consumer Groups Sound Alarm as the Trump/Vought CFPB Dismisses or Terminates Enforcement Actions, Leaving Harmed Consumers High and Dry

Most Recent Testimony and Comments

  • Why is the Trump Administration Holding Onto Your Money? More than $360 Million Owed to Consumers from CFPB Enforcement Actions is Already Gone or At Risk
  • CFA Statement for the Record for Dodd-Frank at 15 House Financial Services Committee Hearing
  • CFA Joins Consumer Advocacy Groups in Submitting Comment Regarding Executive Order, “Modernizing Payments To and From America’s Bank Account”

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© 2025 Consumer Federation of America

1620 I Street, NW - Suite 200  |  Washington, DC 20006  |  202-387-6121  | cfa@consumerfed.org
Tax ID: 52-0880625
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