(ASC 860 Reality) We expose how banks label debts as “sold” under ASC 860 while still collecting, controlling, and enforcing them. This accounting loophole hides who really owns your loan and why consumers are charged twice.
(Power Through Numbers) From everyday families to financial insiders, we unite people harmed by off-balance-sheet accounting. Together, we challenge fake ownership claims, demand proof, and push for laws that protect people—not balance sheets.
(The Change We’re Demanding) Fixing ASC 860 means real disclosure, real creditors, and real accountability. We advocate for reforms that force assets back onto balance sheets, end double-collection, and restore honesty to financial reporting.
(What Changes When ASC 860 Is Fixed) • No more paying debts that were already paid by investors • No more phantom creditors in court • No more secret securitization • Clear ownership, clear rights, real restitution Consumers finally stop drowning just to stay “above water.”
Our Initiatives
Equipping individuals with the knowledge about contract law, securitization, and financial transparency because awareness is the first step toward empowerment.
Working with lawmakers and legal experts to draft bills and push for regulatory changes that enforces truth-in-lending and contract disclosure laws.
Calling on institutions to disclose hidden contract terms, securitization practices, and data monetization while protecting consumers through policy and accountability.
Building a coalition of consumer advocators, whistleblowers, attorneys, and supporters who stand together against unjust financial practices and abuse of power.
Why Us
We combine real-world experience with sharp legal awareness to protect consumer rights and expose unjust financial practices across industries.
Our initiatives are built with everyday consumers in mind — empowering families, renters, borrowers, and whistleblowers with actionable tools and plain-language education.
We advocate for systems that work for the consumers. From legislative reform to ethical contract standards, our committee creates lasting transparency and trust.
Testimonials
“Wells Fargo Agrees to Pay $3 Billion to Resolve Criminal and Civil Investigations into Sales Practices Involving the Opening of Millions of Accounts without Customer Authorization”
“When companies cheat to compete, they harm customers and other competitors,” said Deputy Assistant Attorney General Michael D. Granston of the Department of Justice’s Civil Division.
Domino’s Pizza utilized securitization to finance its operations by pooling future franchise royalty payments and issuing asset-backed securities (ABS). This strategy provided the company with a lower cost of capital and allowed it to retain significant equity in the special purpose vehicle (SPV), aligning its interests with investors.
