In response to a Federal Trade Commission (FTC) notice that it intends to issue regulation, CRL joined a coalition of consumer groups in calling for FTC action to rein-in junk fees. Among other topics, this comment letter highlights a CRL report on installment loan companies that would tack on credit insurance and “automobile club memberships” – charges that meet multiple characteristics of junk fees, including that they’re often a surprise to the consumer and that their value to the consumer is limited or nonexistent. The letter was also signed by:
- Accountable.US
- AKPIRG
- American Economic Liberties Project
- Americans for Financial Reform Education Fund
- CAARMA.org
- Center for Economic Integrity
- Center for Elder Law & Justice
- Community Service Society of New York
- Consumer Action
- Consumer Federation of America
- Consumer Federation of California
- Consumers for Auto Reliability and Safety
- Consumer Reports
- Delaware Community Reinvestment Action Council, Inc.
- Economic Action Maryland
- Fight Corporate Monopolies
- Free Press
- Indiana Community Action Poverty Institute
- Legal Aid Justice Center
- Legal Aid Service of Broward County
- National Association for Latino Community Asset Builders
- National Association of Consumer Advocates
- National Community Reinvestment Coalition
- National Consumers League
- New Economy Project
- New Jersey Citizen Action
- New York StateWide Senior Action Council
- Oregon Consumer Justice
- The Pride Through Empowerment Foundation, Inc.
- Prosperity Indiana
- Public Good Law Center
- Revolving Door Project
- South Carolina Appleseed Legal Justice Center
- Texas Appleseed
- Travelers United
- U.S. Public Interest Research Group
- Virginia Organizing
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- Voices Organized in Civic Engagement (VOICE)
- WESPAC Foundation, Inc.
- Westminster Economic Development Initiative (WEDI)
- Woodstock Institute