Protecting Consumers and Investors

More on Protecting Consumers and Investors

October 14, 2019 Press Release

WASHINGTON – Congresswoman Katie Porter (CA-45) has introduced legislation that would improve reporting requirements for universities on the number of their graduates who can’t repay their student loans. Under the current system, institutions can artificially deflate the number of individuals who default on their loans and escape accountability.

September 26, 2019 Press Release

WASHINGTON – Congresswoman Katie Porter (CA-45) today called out the Consumer Financial Protection Bureau (CFPB) for rolling back protections that prevent debt collectors from harassing Americans. She was joined in her effort by 65 Members of Congress.

July 23, 2019 Press Release

WASHINGTON – Congresswoman Katie Porter (CA-45) today called on a Department of Health and Human Services (HHS) watchdog to investigate dialysis providers and patient advocacy groups that are putting patients’ lives at risk and increasing the cost of care for taxpayers. Porter requested additional oversight after hearing complaints that patients were being pushed toward more expensive insurance options to increase dialysis center profits and to prevent patients from accessing kidney transplants.

July 22, 2019 In The News

Washington (CNN) - When Hillary Clinton lost the 2016 presidential election, a California law professor named Katie Porter -- who had been expecting to join Clinton's transition team to advise on housing policy -- thought she would sit the next four years out of government.

 

July 16, 2019 Press Release

WASHINGTON – A bill introduced by Congresswoman Katie Porter (CA-45) to increase consequences for companies that cheat investors today took the first step to becoming law, receiving the approval of the Financial Services Committee. Porter’s bill would scale up penalties for companies found by investor protection agencies like the Securities and Exchange Commission to have violated existing law.

July 10, 2019 Press Release

WASHINGTON – Congresswoman Katie Porter (CA-45) today joined Rep. Lucy McBath (GA-6) and other freshmen colleagues to introduce legislation to make permanent a student loan forgiveness program for borrowers who were defrauded or misled by their schools. The Relief for Defrauded Students Act of 2019 would support these protections for students, as the Department of Education under Betsy DeVos has failed to follow through with promises made to protect borrowers.

June 13, 2019 Press Release

WASHINGTON – The House of Representatives today adopted an amendment by Congresswoman Katie Porter (CA-45) that would increase funding for a program to protect Medicare recipients from fraud. The proposal passed with a large bipartisan majority.

“It is unacceptable that older adults continue to be targeted when it comes to fraud and abuse,” Congresswoman Porter said. “I’m proud to support the critical work of educating our older residents so that they can protect themselves from scam artists, and I’m thankful to have support from both Republicans and Democrats.”

June 10, 2019 In The News

When Secretary Ben Carson appeared before Congress at the end of May, I came prepared for a serious discussion about our nation’s housing supply.

May 17, 2019 Page

When a patient receives care that they believe is in-network or receives emergency care that is out of network, they often receive “surprise” bills that are astronomically high. These claim denials are becoming more and more common - a Kaiser Family Foundation survey found that 7 in 10 patients unable to afford their out-of-network medical bills were unaware that the healthcare provider was not an in-network provider. Many of these patients received critical emergency care, only to later receive a bill that could bankrupt their family.

May 17, 2019 Press Release

WASHINGTON – Congresswoman Katie Porter (CA-45) along with Congresswoman Suzanne Bonamici (OR-1) today introduced legislation to protect student borrowers and increase transparency and accountability within the student loan servicing industry. The CFPB Student Loan Integrity & Transparency Act of 2019 would strengthen the oversight abilities of the Consumer Financial Protection Bureau (CFPB)’s student loan ombudsman, the top federal official responsible for defending the interests of student borrowers struggling to repay their loans.