Consumer Protection
As a fierce consumer rights advocate, Sherman has long fought to protect consumers from all forms of abuse, fraud, and predatory practices.
Congressman Sherman was among the leaders behind the formation of the Consumer Financial Protection Bureau (CFPB), which protects consumers from financial institutions issuing credit cards and offering costly overdraft protection.
From 2019-2023, Sherman served as Chairman of the House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets where he worked to institute and maintain consumer safeguards.
Subscribe to Sherman's Newsletter & Stay Updated on his Work in Congress:
More on Consumer Protection
Washington, DC – Today, Congressmen Brad Sherman (D-CA), David Kustoff (R-TN) and a bipartisan group of 41 House members sent a letter to Federal Reserve Chairman Jerome Powell, requesting that he provide answers on how the Fed might better protect homebuyers from the growing threat of real estate wire fraud.
Washington, DC – Congressman Brad Sherman, CPA and former head of the nation's second largest tax agency, today reintroduced the Tax Filing Simplification Act to ease the tax filing process for millions of American taxpayers and reduce their costs. Sherman's bill is a companion to legislation reintroduced today by Senator Elizabeth Warren (D-MA).
Washington, D.C. – Today, Congressman Sherman announced a 15 day extension for those affected by the Woolsey Fire to register for assistance from the Federal Emergency Management Agency (FEMA).
Residents of Los Angeles and Ventura Counties who suffered losses from the fire now have until February 15th to register with FEMA in order to be considered eligible for several disaster assistance programs. This extension also applies to low-interest disaster loans through the U.S. Small Business Administration (SBA).
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced that financial institutions, such as Wells Fargo, will no longer be allowed to force consumers to use arbitration to settle group disputes. Currently, banks and credit card companies insert arbitration clauses in their contracts to prevent customers from filing class-action lawsuits in the case of wrongdoing. This practice often discourages consumers from filing lawsuits because of the necessary expense of time, money, and effort.
Washington, D.C. – Today, Congressman Brad Sherman, a senior member of the Financial Services Committee, joined Senator Tom Cotton (R-AR) and Congressman Ed Royce (R-CA) in introducing legislation to increase transparency for homeowners who take out loans to make environmentally-focused home improvements.
Porter Ranch, CA – Yesterday, the Southern California Gas Company (SoCalGas) defied a directive from the L.A. County Department of Public Health by announcing that SoCalGas will not clean homes of residents affected by the natural gas leak in Porter Ranch.
Congressman Sherman, whose home is as close as any to the Porter Ranch leak, took to the floor of the House to condemn the actions of SoCalGas. Watch Here: https://youtu.be/DfT29y1zz1U
October 3, 2013
International Accounting Standards Board
First Floor
30 Cannon St.
London EC4M 6XH
United Kingdom
Financial Accounting Standards Board
File Reference No. 1850-100
401 Merritt 7
PO Box 5116
Norwalk, CT 06856-5116
Re: Comments on Proposed Accounting Standards Revision (Leases, Topic 842)
FASB File Reference No. 2013-270
Dear Board Members and Staff,
Los Angeles Times
Embattled Clippers owner Donald Sterling may be able to write off his critics, but if two state lawmakers have their way, he won't have the same option with the $2.5-million fine imposed on him by the NBA.
Two state Assembly members from Los Angeles filed legislation Tuesday that would prevent sports team owners from writing off league fines as a business expense when they file their state income tax returns.
NBA Commissioner Adam Silver banned Sterling from the basketball league for life and fined him after a nationwide uproar over comments he made about African Americans.
KTLA
Sherman Announces How Los Angeles Residents Can Find Out If They Have Unclaimed Tax Refunds. LA County Has $60 Million in Undelivered & Unclaimed Returns. Plus Tips to Avoid to Tax Scams & Fraud