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Articles tagged with: Big Banks

Joint Statement: 104 Organizations Respond to Sen. Carper’s interest in exploring changes to CFPB structure
February 8, 2017 – 1:53 pm

“With a single director at its head the CFPB is doing exactly what it is supposed to do. It has recovered $12 billion for over 29 million people. The only plausible reason to change it, after nearly 6 years of good work, is to stop that good work from happening. The banks and predatory lenders who are pushing this want to be able to abuse consumers with impunity. There is no good reason to enable them.”

Letter to Congress: Twenty Leading Public Interest and Labor Organizations Oppose HR 6392
November 30, 2016 – 4:56 pm

AFR joins 19 other organizations to express our opposition to H.R. 6392, the “Systemic Risk Designation Improvement Act of 2015.” This legislation increases the likelihood of big bank failures that could put at risk the economic security of millions of families.

AFR in the News: Wells Fargo, PNC Draw Protest of Arbitration Clauses (American Banker)
November 21, 2014 – 3:58 pm

“The activists hand-delivered protest petitions Thursday that, they said, contained 67,000 signatures. Arbitration clauses put consumers at an unfair disadvantage in disputes with their banks, the groups said… Consumer Action, Americans for Financial Reform, Public Citizen, the Other 98%, Alliance for Justice, the American Association for Justice and the National Association of Consumer Advocates helped organize the petitions.”

Press Release: AFR joins 8 Allied Groups and More than 67,000 People in Telling PNC and Well Fargo to Stop Using Forced Arbitration
November 20, 2014 – 11:06 am

“These non-negotiable terms are one of the ways that companies rig the financial system against consumers and avoid accountability. These terms deny customers access to courts should they seek to pursue legal claims against your company and deprive your customers of important legal protections. The result is that consumers cannot practically or fairly resolve disputes with you or
seek remedies for harm caused by your wrongful conduct.”

NYTimes: In U.S. Monetary Policy, a Boon to Banks
June 30, 2011 – 8:22 am

June 29, 2011
By Jesse Eisinger, Propublica
“The most pronounced development in banking today is that executives have become bolder as their business has gotten worse.
The economy is clearly weaker than expected, and housing prices are …

Peter Skillern’s Congressional Testimony
March 22, 2011 – 8:16 am

Testimony of Peter Skillern, Executive Director Community Reinvestment Association of North Carolina United States House of Representatives
Financial Institutions and Consumer Credit Subcommittee Wednesday, March 3, 2011
Thank you Representative Capito and Representative Maloney for …

Bank Lobby Splinters On CFPB Ahead Of Director Confirmation Deadline
March 3, 2011 – 9:26 am

By Zach Carter / Huffington Post
“We agree,” Lisa Donner, the director of Americans for Financial Reform, a coalition of consumer groups advocating for stronger bank regulation, said in reference to Bachus’ comments. “With …