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CFPA Testimony, Fact Sheets, and More

Elizabeth Warren and the Consumer Financial Protection Bureau
July 28, 2010 – 10:24 am
Elizabeth Warren and the Consumer Financial Protection Bureau

The passage and signing of the Wall Street Reform Bill are major steps in the right direction toward protecting consumers from the tricks and traps of Wall Street.  But  there is still much work to …

Wall Street Influence, By the Numbers
May 14, 2010 – 11:19 am
Wall Street Influence, By the Numbers

$1.4 MILLION…The amount that the finance industry is spending every day to influence Congress.
$600 MILLION…The amount that the six big banks and their trade associations have spent on lobbying, trade association activity, and political contributions since the …

Racial Disparities in Auto Lending: A State-by-State Reminder Why Auto Dealers Must Be Subject to the Consumer Financial Protection Bureau
May 5, 2010 – 10:38 am

Oppose the Brownback amendment to exempt auto dealers from the CFPB.
Data from several nationwide cases against the major auto lenders settled by the National Consumer Law Center and co-counsel from 2003 to 2007 showed widespread racial …

Fact Sheet: Auto Dealers are Lenders
May 5, 2010 – 10:36 am

Car Dealers Are Lenders/Creditors When the Consumer Gets both the Car and the Financing from the Dealer
See this PDF for an example of a car loan.
For the millions of consumers who get both the vehicle …

Fact Sheet: No Carve-Outs for Auto Dealers
May 3, 2010 – 10:23 am

Auto dealers are heading to Capitol Hill seeking a special carve-out from the “Restoring American Financial Stability Act of 2010” (S. 3217), which aims to put an end to the reckless practices of Wall Street …