AFR Statement: Preserve Public Access to CFPB Complaint Database
Making the database public makes it more useful and more visible, which in turn makes it more likely to be used, and to provide more valuable information to the Bureau and the public about consumer...
View ArticleAFR Report: Wall Street Money in Washington in 2017
In the first twelve months of the 2017-18 election cycle, Wall Street banks and financial interests have reported spending $719 million to influence decision-making through campaign contributions and...
View ArticleAFR Statement: Wall Street Money Hits $719 Million in 2017, Headed Past $2...
Wall Street pumped $719 million into the political process in 2017, a rate that puts it on pace to outstrip the record $2 billion it spent during the 2015-2016 campaign cycle, according to a new report...
View ArticleAFR Statement: Mulvaney Makes Common Cause With Payday Lenders to Delay Rule
Mick Mulvaney has been doing the bidding of payday lenders for years, but putting the CFPB’s weight behind a joint legal motion with their lobbyists is a new low, even for him. Mulvaney is now openly...
View ArticleAFR Statement: CFPB Needs a Champion of Consumers, Not an Employee of Mick...
The President should have nominated someone with a commitment to that mission months ago, not waited until the last minute to reveal a nomination designed to keep Mick Mulvaney in charge. This...
View ArticleAFR and NCLC Statement: CFPB Sandbox Proposal Would Deny Consumers Key...
The CFPB is exceeding its authority under the law that created the agency and would set a dangerous precedent with its “disclosure sandbox” policy, its label for granting companies exemptions from...
View ArticleAFR Statement: Extralegal ‘No-Action Letter’ Policy Would Exempt Industries...
In Mick Mulvaney’s final hours as acting director, the Consumer Financial Protection Bureau (CFPB) proposed two policies that put consumers at gravely increased risk of the very harm the CFPB is...
View ArticleIn The News: How to Buy a Regulation in Six Short Months (The American Prospect)
Under the rule, a borrower would have to sign a notice authorizing the lender to withdraw from the account after those two consecutive failures. “If I was smart, I would only sign that if there was...
View ArticleIn The News: This was supposed to be the decade of tougher consumer...
“The biggest concerns that we see with the CFPB today is they are holding the hands of the payday lenders,” said Linda Jun, senior policy counsel at Americans for Financial Reform. “That means that the...
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