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AFR Statement: Oppose Gorsuch Nomination to Supreme Court
March 29, 2017 – 8:53 am | Comments Off on AFR Statement: Oppose Gorsuch Nomination to Supreme Court

Judge Gorsuch’s stated views suggest his appointment would also help financial companies’ efforts to eliminate the rules necessary to protect the economy from another financial calamity induced by Wall Street’s recklessness

AFR Statement: AFR Applauds Resolution of Class-Action Lawsuit Against Wells Fargo
March 29, 2017 – 8:39 am | Comments Off on AFR Statement: AFR Applauds Resolution of Class-Action Lawsuit Against Wells Fargo

Public Citizen and Americans for Financial Reform applaud the announcement of a proposed $110 million settlement for consumers harmed by the bank’s fraudulent account scheme in multiple class-action lawsuits against Wells Fargo.

Take on Wall Street Statement: Jay Clayton hearing further demonstrates he is the wrong man to lead the SEC
March 23, 2017 – 3:41 pm | Comments Off on Take on Wall Street Statement: Jay Clayton hearing further demonstrates he is the wrong man to lead the SEC

Jay Clayton’s performance in the SEC confirmation hearing makes it abundantly clear that after a career of helping Wall Street banks avoid accountability, he is uniquely ill-suited to the job of protecting investors and working people from Wall Street misconduct.

Joint Letter to Congress: 50+ Organizations Urge Congress to Keep Rules That Protect Students and Taxpayers from Waste and Fraud in Higher Education
March 22, 2017 – 2:11 pm | Comments Off on Joint Letter to Congress: 50+ Organizations Urge Congress to Keep Rules That Protect Students and Taxpayers from Waste and Fraud in Higher Education

“We believe protections for student and taxpayers should be strengthened, not scaled back. …Veterans, low-income students and students of color have been disproportionately harmed by predatory colleges. Last month, 16 organizations representing millions of military servicemembers, veterans, survivors, and military families voiced their strong support for these protections and urged Congress to fully uphold them.”

AFR Statement: Acosta Must Commit To Fiduciary Rule On Time, In Full
March 22, 2017 – 9:28 am | Comments Off on AFR Statement: Acosta Must Commit To Fiduciary Rule On Time, In Full

The public deserves to know whether Alexander Acosta stands for seniors, and everyone saving for retirement, or whether he sides with the worst elements of Wall Street

AFR IN THE NEWS: Donald Trump Literally Nominated The Goldman Sachs Bailout Lawyer To Run The SEC (Huffington Post)
March 21, 2017 – 11:59 am | Comments Off on AFR IN THE NEWS: Donald Trump Literally Nominated The Goldman Sachs Bailout Lawyer To Run The SEC (Huffington Post)

“‘Jay Clayton has spent his entire career serving Wall Street, representing Goldman Sachs and other big banks,’ says Americans for Financial Reform Executive Director Lisa Donner. ‘Americans need an SEC Chair who will stand up to those interests, not represent them.'”

Written Testimony: The CFPB’s Structure is Constitutional and Effective
March 21, 2017 – 10:00 am | Comments Off on Written Testimony: The CFPB’s Structure is Constitutional and Effective

“The first five-and-a-half years of the CFPB’s history has vindicated the decisions that Congress made in 2010 to create a strong independent agency to protect consumers from fraud and abuse in the financial marketplace. …It’s action have begun to reform the industry by making banks andother financial services companies more attentive to consumers’ rights…”

Letter to Regulators: 34 Organizations Call For Stronger Protections For Consumers with Limited English Proficiency Against Abusive Debt Collection
March 20, 2017 – 5:09 pm | Comments Off on Letter to Regulators: 34 Organizations Call For Stronger Protections For Consumers with Limited English Proficiency Against Abusive Debt Collection

This letter addresses the CFPB’s proposal related to increasing access to the Fair Debt Collection Practices Act’s protections for Limited English Proficient (LEP) consumers. …Many of these individuals participate in the consumer credit marketplace, but may have greater difficulty navigating the market, especially when debts go into collection and consumers face the legal implications of unpaid debt.”