ACCESS TO FINANCIAL SERVICES Banking In Color: New Findings on Financial Access for Low-and-Moderate Income Communities (NCLR) AUTO LOANS Letter opposing HR 1737 (CRL, July 2015) Editorial (NY Times, June 2015) Civil Rights Leaders’ letter (CRL, November 2014) Racial Disparities in Auto Loan Markups State-by-State
43 Senators are using the confirmation process to extract major, weakening changes in CFPB governance and funding. “We call on the Senate to reject this outrageous tactic and bring Richard Cordray’s nomination to a swift up-or-down vote.”
Leaders of Labor, Civil Rights, Consumer, and Business Groups Call for Swift and Unconditional Confirmation of Richard Cordray As the Senate takes up the nomination of Richard Cordray to a full term as Director of the CFPB, 43 Senators are threatening to block a confirmation
Financial reforms enacted in response to the financial meltdown remain popular with Americans likely to vote in 2012, a new opinion poll by Lake Research Partners shows. The poll was commissioned by AARP, the Center for Responsible Lending (CRL), Americans for Financial Reform (AFR) and the National Council of La Raza (NCLR). Saturday (July 21, 2012) marks the two-year anniversary of the Dodd Frank Act, which created the Consumer Financial Protection Bureau (CFPB).
AFR sent a letter to members of congress urging them to reject HR 3283, a bill that would exempt foreign affiliates of U.S. banks from all the major protections against derivative risks contained in Title VII of Dodd-Frank.
Read our letter to members of Congress urging them to reject HR 1840, 2779, 2586, 2682, and 3527, a series of derivatives bills in the House Agriculture Committee that would severely weaken regulation.
FOR IMMEDIATE RELEASE December 7, 2011 For Interviews: John Carey at 202-466-1854 or john@ourfinancialsecurity.org Updated: 200 Organizations sign on to letter in support of Cordray nomination. National, State, and Local Organizations Call On U.S. Senators to Protect Consumers. *A Letter of support for General Cordray’s
AFR sent a letter to the Senate opposing S. 1720, which would give big business veto power over any effective regulation.
“Irresponsible deregulation of the financial industry – and the conduct it made possible – was a root cause of the financial crisis that has cost millions of jobs and trillions of dollars in home equity and retirement savings. The ‘Regulatory Accountability Act’ would further stack the deck towards Wall Street special interests, and make it impossible to put in place the common sense rules we need to demand transparency and accountability in financial markets, and prevent the financial industry from repeating the extraordinarily reckless practices for which most of us are paying so high a price.”
In a letter to Congress, AFR urges Senators to oppose the Crapo Amendment 814 to HR 2112, which would inhibit financial regulators ability to oversee the shadow markets in derivatives.