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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AFR Statement: No Budget Riders Weakening Wall Street Reform or CFPB
November 20, 2017 – 8:18 pm

Congress should abandon budget rider proposal that would eliminate independent funding for the CFPB and other poison pills.

AFR Statement: Treasury Report on Systemic Risk Designation of Large Non-Banks
November 20, 2017 – 4:25 pm

FOR IMMEDIATE RELEASE
Nov. 20, 2017
CONTACT
Carter Dougherty
carter@ourfinancialsecurity.org
(202) 251-6700
Treasury Memorandum Weakens Systemic Risk Supervision
On Friday the Treasury Department released a memorandum on the process used by the Financial Stability Oversight Council (FSOC) to designate large …

AFR in the News: Wall Street Wants to Kill the Agency Protecting Americans From Financial Scam (Intercept)
November 20, 2017 – 10:50 am

“[Director Cordray’s] departure will be ‘a huge loss,’ said Lisa Donner, executive director of Americans for Financial Reform. If Trump appoints a new director who is indifferent, or even hostile, to consumer issues, she said, ‘It will be incredibly costly to the American public.’”

AFR Statement: Groups Demand to Know How Much Money Credit Bureaus Will Make Off Data Breach
November 17, 2017 – 12:10 pm

American for Financial Reform, the Consumer Federation of America, the National Consumer Law Center, U.S. PIRG, and other nonprofit advocacy groups wrote a letter to the CEOs of all three companies asking for detailed information on how the data breach might be leading to higher revenues in credit freeze fees and credit monitoring services.

AFR Letter: How Much Will Credit Bureaus Make Off Equifax Data Breach?
November 17, 2017 – 12:01 pm

American consumers deserve to know how much money the big three credit bureaus — Experian, Equifax and TransUnion — will make due to the devastating data breach at Equifax.

Joint Event: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
November 17, 2017 – 10:58 am

At a Nov. 16 forum co-hosted by AFR and the AFL-CIO, Sheelah Kolhatkar, author of the New York Times bestseller “Black Edge,” discusses the rise of a powerful new class of billionaire financiers who have used their vast reserves of concentrated wealth to rewrite the rules of capitalism and public policy.

TOWS Statement: House Tax Bill a Gift to Wall Street
November 16, 2017 – 2:08 pm

The Take on Wall Street campaign denounces the passage of a tax bill in the House of Representatives that would give Wall Street and the 1% over $1 trillion in tax breaks while leaving many middle-income Americans paying higher taxes, increasing the public deficit, and leading to deep cuts in important public services.

AFR Statement: House Committee Approves a Package of Wall Street Giveaways
November 16, 2017 – 10:55 am

“The package includes legislation that would release the nation’s largest banks from measures to prevent a financial crisis, saving them billions of dollars in expenses,” AFR’s Lisa Donner said. “It would also allow banks and fintech firms to cooperate in new forms of payday lending, and make investment products riskier for mom-and-pop savers. And it’s all happening against the backdrop of a big proposed tax cut for Wall Street.”