Advocate for consumer financial protections. Director of Financial Services, Consumer Federation of America. Otherwise, reading + working on my serve. OmO!
Durham, North Carolina
Joined May 2020
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Adam Rust retweeted
This is such an important connection.. linking BSA and consumer protection feels like a real path to stopping harm and getting victims actual redress. Great work pushing this forward.
Adam Rust retweeted
In 2024, the #CFPB ordered Navy Federal Credit Union to refund more than $80 million to consumers.
This June, Trump’s CFPB terminated this enforcement action.
Learn how this rollback gravely impacts #MilitaryFamilies in our latest blog
consumerfed.org/from-refunds…
Adam Rust retweeted
In today's economy, companies are concocting new ways to invent new fees and hike prices.
Join me on @Reddit at 11am ET today to talk about junk fees, personalized price gouging, corporate consolidation, and more.
reddit.com/r/IAmA/comments/1…
Adam Rust retweeted
“Getting sick should never threaten a person’s #financial stability, disqualify them from housing, or undermine their ability to find employment.”
- @AdamRust9
#CFPB #MedicalDebt
consumerfed.org/press_releas…
Adam Rust retweeted
“This is the latest in a string of actions by the #Trump Administration to subvert the law and undermine #financial regulators that keep Americans’ #money safe,” @AdamRust9 said in a statement following the firings of board members of the #NCUA
washingtonpost.com/business/…
Adam Rust retweeted
“They’re good talkers and they often work from a script, so they’re ready for anything you might raise. They are very good at luring you in.” - @AdamRust9 of @ConsumerFed
New CQR explores the world of financial scams and how they operate. tinyurl.com/3zexbzke
Adam Rust retweeted
“#Congress just made America more expensive for anyone struggling to make ends meet,” said @AdamRust9, director of financial services for CFA, an advocacy group. “Partisanship has come before common sense.” #CFPB #overdraft
nytimes.com/2025/04/09/busin…
Adam Rust retweeted
Hey #copolitics, real moment here for the GOP and @GabeforColorado. Do they actually care about taking on fees hitting working families? Do they want to save Americans $5 billion a year? Or is their shtick a farce to protect their corporate donors?
rollingstone.com/politics/po…
Adam Rust retweeted
“They’re about to live in a world in which the entire non-bank financial services industry is unregulated every day, while they are overseen by the Federal Reserve, FDIC and OCC. It’s a world where Apple, PayPal, Cash App and X run wild for four years. Good luck.”
Here's why banks don’t want the CFPB to disappear cnbc.com/2025/03/10/why-bank…
Adam Rust retweeted
If you have a bank account, a credit card, a car loan, or literally any other financial product - please watch 60 Minutes tonight at 7pm ET.
youtu.be/LVGy9yw-bOQ
Adam Rust retweeted
In just the week before Trump took power, CFPB:
- ordered Equifax to pay $15M
- ordered a major auto lender to return $10M to customers
- ordered CashApp to refund $120M to customers
- sued Capital One for cheating people out of interest payments
This week it's closed.
NEW: CFPB employees were just abruptly informed that the watchdog agency's DC headquarters will be closed this week.
The email, obtained by @CNN, did not explain a reason for the sudden closure.
This comes days after Elon Musk tweeted out: “CFPB RIP” with a tombstone emoji.
RT @USHouseFSC: Here is the richest man in the world bragging about eliminating the agency that has delivered $21 billion back to working-c…
This quoted post is unavailable.
Adam Rust retweeted
NEW from CSS: Biden has left a proud legacy of rulemaking reforms to protect the public that future administrations should build upon.
These reforms make the regulatory process better at protecting the public, more grounded in evidence, more equitable, and more democratic. 🧵
Adam Rust retweeted
This is an incredible day. I've been working on this case in some form for *eleven years.
It reshaped my career and changed my life.
I met some of the most incredible colleagues-turned-lifelong-friends @CFPB, in state AG offices, in Congress, and on student loan beat.
🧵
[BREAKING] @CFPB BANS @NAVIENT FROM THE FEDERAL STUDENT LOAN SERVICING INDUSTRY
This is the end of one of the longest-running government enforcement actions against a major financial firm in U.S. history.
More to come @theSBPC.
consumerfinance.gov/about-us…
Adam Rust retweeted
Reimbursement rates for Zelle *scams* were 0% in 2019 & 2020.
Even with the growing pressure from Congress/regulators, only 12% of consumers who disputed a scam payment were reimbursed in 2023:
Adam Rust retweeted
New Blog: @AdamRust9 explores the urgent need for #BaaS supervision after the #Synapse crisis. Find out why regulatory oversight is crucial for consumer protection and financial stability. Read more:
consumerfed.org/the-synapse-…
Adam Rust retweeted
Finally reading the Synapse bankruptcy supplemental status report and, wow, @MongoDB's letter is something:
Adam Rust retweeted
Our Director of Consumer Protection, @ErinWitteCFA, explains how CFA takes a wholistic approach to protecting the financial wellbeing of consumers. #ConsumerProtection #LiveAtUrban
Adam Rust retweeted
Watch @SenWarren ask @AdamRust9 how smaller #CreditCard issuers stack up vs the biggest issuers in terms of how much they are charging consumers
#DefendCFPB #ProtectConsumers