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Letters and Statements

AFR Statement: Appeals Court Decision Knocks Out Longstanding Argument Against CFPB Single Director
January 31, 2018 – 2:07 pm

Charging that the single director structure — which helps make the bureau an effective consumer regulator, if that director is committed to the public interest — was unconstitutional evolved into a mainstay of attacks from Wall Street, predatory lenders, and their friends in Congress and the administration.

AFR Statement: Trump Year One Full of Gifts to Wall Street
January 30, 2018 – 11:26 pm

From tax cuts to deregulation to changes at the Consumer Financial Protection Bureau, the first year of the Trump administration has been a boon to Wall Street at the expense of ordinary Americans.

AFR Release: Lawsuits Challenge Trump-Mulvaney Attempt to Take Over CFPB
January 12, 2018 – 4:26 pm

Americans for Financial Reform and the Center for Responsible Lending hosted a press call today with leading experts to discuss two ongoing lawsuits concerning the CFPB director and the administration’s attempts to destroy the CFPB’s independence.

AFR Release: New Polling Memo Shows Debate On CFPB Is Political Winner
January 10, 2018 – 11:15 am

Fighting to preserve the mission of the Consumer Financial Protection Bureau resonates strongly with an American public that is still feeling the effects of the Wall Street-induced recession and its continuing ripoffs of its own customers, according to a new polling memo.

AFR Memo: Debate on CFPB Mission Strikes Positive Chord With Public
January 10, 2018 – 11:15 am

By overwhelming majorities, across party lines and geographies, the American public supports the mission of the Consumer Financial Protection Bureau, and rejects standard arguments against it.

AFR Statement: DeVos’s Education Departments is Predatory Companies First, Students Last
December 20, 2017 – 3:22 pm

“The news of the Department’s scheme to grant only partial relief to scammed students is just one more piece of an abundance of evidence that the Trump Administration and the DeVos Department of ED care more for the proprietary institutions that break the law than they do for the students they defraud,” said Alexis Goldstein, Senior Policy Analyst at Americans for a Financial Reform. “For Secretary DeVos, it’s predatory companies first, students last.”

AFR/TOWS Statement: Unpopular, Harmful Tax Cuts Reward Wall Street Donors
December 20, 2017 – 1:40 pm

At a time when millions of everyday Americans are struggling with stagnant wages, Republicans decided to use the tax code to reward its contributors. Polls have shown that the Republican tax bill is deeply unpopular. Voters recognize it for what it is: a giant holiday gift to Wall Street and the super rich that the rest of us will be paying off for decades.

AFR Statement: Bipartisan Senate Bill Rewards Banks While Leaving out Consumers
December 13, 2017 – 10:10 pm

A bipartisan majority of lawmakers on the Senate Banking Committee last week rejected a series of public interest amendments in order to advance a bill full of gifts to banks.