AFR Ed Fund and 230 consumer, civil and human rights, labor, community and legal services organizations from all 50 states and the District of Columbia submitted comment on the Consumer Financial Protection Bureau’s (CFPB or Bureau) proposed debt collection rules.
Letter to Regulators: Joint Letter to CFPB on Debt Collection NPRM’s failure to protect student loan borrowers from abusive practices
AFR Ed Fund and thirty-three other organizations submitted the following comments in response to the Consumer Financial Protection Bureau (CFPB)’s notice of proposed rulemaking (NPRM) on Debt Collection Practices (Regulation F).
On September 18, 2019, 43 organizations submitted a comment letter to the CFPB about the need for greater protections for Limited English Proficient (LEP) consumers in the debt collection process.
We have just one day left to let the CFPB know that we are already harassed enough by debt collectors — and we won’t stand for even more. The Bureau has proposed letting debt collectors make unlimited texts and emails to you about outstanding debts,
Strong majorities across parties oppose the Consumer Financial Protection Bureau’s (CFPB) proposed debt collection rule including medical debt, according to a new poll released by Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL). The poll was conducted by the bipartisan team of Lake Research Partners and Chesapeake Beach Consulting.
In its proposed rule, CFPB Director Kathy Kraninger is sanctioning consumer harassment by allowing debt collectors to: call consumers seven times per debt, per week; send unlimited emails, texts, and social media messages without consumer consent; allow debt collectors to collect very old “zombie debts” where the time to sue has expired; and file baseless lawsuits by making it easier to sue the wrong consumer, for the wrong amount.
CFPB finalizes policy that gives companies a private channel to seek approvals of untested new products and a promise that the CFPB will not take action for consumer protection law violations
On September 10, 2019, 17 civil rights, consumer and housing advocacy organizations sent a letter to the CFPB addressing QM and urging the Bureau to take additional steps to preserve access to affordable homeownership with adequate consumer protections in place.
On September 9, 2019, 34 organizations sent a letter in support of the Overdraft Protection Act of 2019.
Letter to Congress: AFR Letter in Support of HR 1423, the Forced Arbitration Injustice Repeal Act (FAIR Act)
On September 9, 2019, AFR submitted a letter of support for HR 1643, the Forced Arbitration Injustice Repeal (FAIR) Act to the House Judiciary Committee.