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Statements and Press Releases

Comunicado De Prensa: Capital Privado Amenaza A Residentes De Viviendas Prefabricadas
February 14, 2019 – 1:35 pm

Muchos de los inversionistas de capital privado y de bienes raíces más grandes del mundo, administrando más de $1.77 billones en activos, han estado comprado comunidades de viviendas prefabricadas a un ritmo acelerado y han aumentado estrepitosamente los alquileres y otros costos, lo cual representa una nueva gran amenaza para la seguridad económica de millones de adultos mayores, personas con discapacidades, familias, e inmigrantes que necesitan viviendas de bajo costo; según reporta un nuevo informe.

News Release: Private Equity Threatens Manufactured Home Residents
February 14, 2019 – 1:35 pm

Many of the largest private equity and real estate investors in the world, managing more than $1.77 trillion in assets, have bought up manufactured home communities at a rapid pace and raised rents and fees sharply, posing a dramatic new threat to the economic security of millions of seniors, people with disabilities, families, and immigrants in need of low-cost housing, according to a new report.

News Release: Consumer Groups Strongly Oppose CFPB Product Sandbox Proposal
February 12, 2019 – 4:11 pm

A group of 80 consumer, civil rights, legal services, labor, environmental, and community groups today expressed their strong opposition to the proposed changes to the Consumer Financial Protection Bureau’s no-action letter policy and its proposed product sandbox.

Stop The Debt Trap Statement: CFPB Releases Plan To Gut Payday Loan Protections
February 6, 2019 – 12:45 pm

This puts a vital consumer protection on the chopping block at the behest of predatory payday lenders, inviting them to continue profiting from trapping borrowers in a cycle of debt. We urge the Director to change course and not finalize such a rule.

Joint Statement: Advocates Urge Consumer Bureau To Protect Consumers From Abusive Debt Collectors
December 20, 2018 – 9:40 am

Advocates from 74 national and state advocacy groups sent a letter yesterday afternoon to new Consumer Financial Protection Bureau Director Kathy Kraninger urging the bureau to focus on protecting consumers from abusive debt collection practices in anticipation of a proposed debt collection rule expected in March 2019.

News Release: Extralegal ‘No-Action Letter’ Policy Would Exempt Industries From Basic Supervision And Enforcement
December 14, 2018 – 12:17 pm

In Mick Mulvaney’s final hours as acting director, the Consumer Financial Protection Bureau (CFPB) proposed two policies that put consumers at gravely increased risk of the very harm the CFPB is supposed to prevent.

News Release: ‘Aye’ Votes On Kraninger Expose American Families To Greater Wall Street Abuse
December 6, 2018 – 2:18 pm

The Senate majority has endorsed a CFPB nominee indistinguishable from Mick Mulvaney, who has done his level best to dismantle from within an agency that once won real results for American families hurt by Wall Street and predatory lenders. Kraninger has no track record at all of consumer protection, or of standing up for vulnerable people.

News Release: Senators Must Reject Kraninger Nomination
November 29, 2018 – 2:18 pm

Kathy Kraninger has put no daylight whatsoever between herself and Mick Mulvaney, who has done his level best to dismantle from within an agency that once won real results for American families hurt by Wall Street and predatory lenders. He has subverted, not advanced, the mission of consumer protection for which Congress created the CFPB.