AARP Hearing Center
The following documents related to consumer affairs and the financial security of people 50-plus are presented in reverse chronological order.
August
C: On August 22, 2016 AARP provided comments in support of the proposed rule to establish 12 CFR part 1040 to govern the use of arbitration in consumer contracts for financial services and products. AARP previously has elaborated in numerous comments filed with the Consumer Financial Protection Bureau (CFPB) the reasons behind AARP’s conclusion that predispute mandatory arbitration harms consumers. AARP strongly supports banning predispute mandatory arbitration, which eliminates accountability for unlawful practices and limits consumer access to remedies when they are injured by such practices. (PDF)
July
L: On July 13, 2016 AARP issued a letter in support of the Social Security Must Avert Identity Loss (MAIL) Act of 2016, which would protect Social Security numbers (SSNs) from inappropriate public disclosure. Personal information about Social Security benefits, such as Social Security numbers (SSNs), is critical financial information and must be afforded the highest level of privacy protection. (PDF)
L: On July 13, 2016 AARP issued a letter in support of the Equal Treatment for Public Servants Act. The Act establishes a better rule to make it easier for the Social Security Administration and individuals who are currently subject to the Windfall Elimination Provision (WEP) to determine and receive their earned Social Security benefits. (PDF)
June
L: On June 7, 2016 AARP issued a letter to all Members of Congress, providing its views on the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). Because of AARP’s commitment to the health and financial security of older Americans everywhere, AARP recognizes the gravity of the current fiscal crisis in Puerto Rico and the impact it is having on the island’s citizens, 5 million Puerto Ricans residing on the mainland, and many other Americans. (PDF)
L: On June 21, 2016 AARP issued a letter in support of the Retirement Savings Lost and Found Act of 2016, which will create a national on-line listing of employees’ retirement accounts to help workers keep track of their often multiple accounts accumulated over their working lifetimes. The current system does not adequately meet the needs of today’s workers who need to preserve their savings for future retirement income needs. (PDF)