Message to Congress: The CFPB Has Our Back!
April 11, 2016 – 4:21 pm | Comments Off on Message to Congress: The CFPB Has Our Back!

What made the latest congressional hearings on the Consumer Financial Protection Bureau different from other hearings? A delegation of consumer advocates from around the country wearing lime-green t-shirts that said “Stand Up for the CFPB” and “The CFPB Has My Back.” They were there to remind lawmakers that the great majority of Americans, across party lines, don’t just like the idea of such an agency; they also support the major steps it has taken to bring a sense of fair play to the financial marketplace.

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Letter to Congress: Reject H.R. 4508, a bill that favors corporations that abuse federal aid over students
December 11, 2017 – 3:55 pm

The reauthorization of the Higher Education Act should be a real opportunity to help students; instead, the PROSPER Act makes their lives worse in nearly every aspect. It raises repayment costs for struggling borrowers, lets institutions that scam students off the hook, and narrows relief for defrauded students.

AFR in the news: House bill turns its back on students to favor corporations that abuse the federal financial aid system (NBC THINK)
December 11, 2017 – 3:17 pm

“Rep. Virginia Foxx, R-Va., the chair of the House Education and the Workforce Committee, introduced a bill last week that sells out students to corporate interests ready to get rich off taxpayer-backed education dollars. A bill reauthorizing the Higher Education Act should be a real opportunity to help students; this one just makes their lives worse by raising repayment costs for struggling borrowers, letting institutions that scam students off the hook, and narrowing relief for defrauded students.”

AFR Statement: Trump Tweets Tough on Wall Street As Record Shows Opposite
December 8, 2017 – 2:13 pm

The notion that this administration is or will be tough on Wall Street doesn’t pass the laugh test, and that fact is evident in deeds, not tweets. Trump has put Goldman Sachs executives in the most senior positions in the government, and pushed for a giant tax cut for Wall Street.

AFR Statement: Public Interest Groups File Amicus Brief In Support of Leandra English as CFPB Director
December 8, 2017 – 1:33 pm

Americans for Financial Reform joined a group of public interest advocates in support of Leandra English’s lawsuit to be recognized as the sole lawful Acting Director of the Consumer Financial Protection Bureau.

Testimony: AFR Policy Director Marcus Stanley Testifies to HFSC On Deregulatory Bills
December 7, 2017 – 5:58 pm

AFR Policy Director Marcus Stanley testified to the Financial Institutions subcommittee of the House Financial Services Committee on five pieces of proposed legislation.
Written Testimony:
Marcus Stanley Testimony To House Financial Services FI Subcommittee December 7 2017 …

AFR/TOWS Statement: Senate Republican Tax Bill a Gift to Wall Street
December 5, 2017 – 10:02 am

On Friday, Senate Republicans passed a bill with some $1.5 trillion in tax cuts, overwhelmingly weighted to the wealthiest Americans. The bill lavishes tax cuts on Wall Street banks, on executives who can manipulate their legal status to obtain a lower tax rate, and on operations in foreign tax havens. In contrast, ordinary Americans earning wages and salaries receive very limited benefits, and in many cases will see their taxes increased.

Letter To Congress: Reject S 2155 — A Gift to Bank Lobbyists
December 4, 2017 – 10:23 am

AFR sent a letter urging Senators to reject S 2155, which contains some two dozen deregulatory gifts to bank lobbyists and only minimal consumer benefits
AFR Opposition Letter to S 2155

Joint Letter: More than 50 Organizations Oppose “Preserving Access to Manufactured Housing Act”
December 1, 2017 – 2:47 pm

“This bill would undermine already vulnerable homeowners by stripping away protections created by Congress and implemented by the Consumer Financial Protection Bureau (CFPB). These protections were put in place for a reason: to give manufactured-homeowners the same protections as traditional homeowners.”