Plunkett, Travis

Travis Plunkett is the Legislative Director of the Consumer Federation of America, a non-profit association of more than 280 groups that, since 1968, has sought to advance the consumer interest through advocacy and education.

Consumer Federation Hails House Passage of Wall Street Reform and Consumer Protection Act

By Travis Plunkett
Consumer Federation of America

The significance of the passage of this bill cannot be underestimated. It is an important step toward delivering on the promise Congress made when it called on taxpayers to bail out the big banks, that it would adopt comprehensive reform to prevent a recurrence. The Consumer Federation of America (CFA) looks forward to working with the Senate to include additional improvements, particularly regarding regulation of derivatives.

Consumer Protection

The Consumer Financial Protection Agency (CFPA) will ensure that credit and payment products do not have predatory or deceptive features that can harm consumers or lock them into unaffordable loans. The Agency will be able to prohibit or limit dangerous or unsuitable financial products, product features, or practices and conduct ongoing research and investigation into credit industry products and services.