Championing Consumer Rights
Senator Reed is dedicated to protecting consumers and ensuring they have the information they need to make informed decisions.
Reed authored several key pieces of the historic Wall Street Reform and Consumer Protection Act to bring transparency and accountability to the financial industry. Most notably, Reed championed a provision to establish the Consumer Financial Protection Bureau (CFPB), which now works to prevent deceptive practices and to provide consumers with the information they need to make informed choices when shopping for mortgages, credit cards, and other financial products.
Reed has fought to ban unfair credit card practices that prey on American consumers. He also authored legislation to improve consumer disclosures on mortgages and provide stronger protections and better alternatives for families facing foreclosure.
In recognition of his dedication to protecting U.S. consumers, the pro-consumer advocacy Consumer Federation of America (CFA) honored Senator Reed with its Philip Hart Public Service Award for championing issues that better the lives of working Americans.