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Letters to Congress: AFR urges Senate Judiciary Committee to oppose Brett Kavanaugh’s nomination to the Supreme Court
September 3, 2018 – 8:30 pm

“Judge Kavanaugh’s confirmation to the Supreme Court would give him ample opportunity to weaken all independent agencies working within their Congressional mandate to protect the public, and thereby leave us all much more vulnerable to predatory practices as well as to actions that put the stability of the entire financial system at risk. We urge you to oppose his nomination.”

AFR Statement: Frotman Resignation from CFPB Highlights Mulvaney Betrayal of Students
August 27, 2018 – 2:19 pm

With regard to student lending, just as in other areas, instead of holding harmful actors accountable, Mulvaney is suppressing exposure of wrongdoing, and undercutting enforcement of the law. AFR thanks Mr. Frotman, and his colleagues, for their good work, and deplores these changes.

AFR Statement: Full Senate Should Reject Kraninger Nomination to Head CFPB
August 23, 2018 – 11:02 am

Kraninger’s job as CFPB director would be to defend consumers against abuse at the hands of Wall Street banks and predatory lenders, but she has shown no sign of being willing to take on this vital role. The full Senate should reject her nomination.

Joint Letter: Dozens of Civil Rights & Consumer Advocates Urge “NO” Vote on Kraninger for CFPB Director
August 22, 2018 – 10:37 am

“In fulfilling its vital mission to protect consumers from deceptive and unfair financial practices, the Bureau needs a Director who is a champion of consumer protection and an advocate for the rights of ordinary Americans against the predations of big banks and unscrupulous market actors. Ms. Kraninger has shown no track record and given no indication in her confirmation hearing or public statements that she would defend the interests of consumers. For that reason we cannot support her nomination.”

StoptheDebtTrap Statement: 49 Senators Tell the CFPB to Protect Service Members
August 20, 2018 – 4:14 pm

“’We commend Senator Reed and his fellow senators for their leadership in protecting service members from abusive predatory lenders. Financial distress continues to be a leading factor that contributes to a lack of combat readiness and family stability for our men and women in uniform,’ said José Alcoff, payday campaign manager at Americans for Financial Reform. ‘Families and service members rely on the Consumer Bureau to ensure lenders comply with the law, and are caught if they target service members with debt trap loans.’”

AFR/CRL Poll: Bipartisan Majorities See $1.5 Trillion Student Debt Burden As Crisis
August 9, 2018 – 6:02 am

Majorities of American voters across parties believe that the student debt burden – now at $1.5 trillion – represents a crisis for the country, according to a new poll. The survey also found widespread concern with efforts by Mick Mulvaney, the Trump official installed at the head of the Consumer Financial Protection Bureau, to gut the agency’s student lending office.

AFR/CRL Polling Memo: Majority of American Voters in Both Parties See “Crisis” In Student Debt Load
August 9, 2018 – 6:01 am

A new polling memo from Americans for Financial Reform and the Center for Responsible Lending documents the widespread agreement among American voters that the student debt burden, now at $1.5 trillion, is a crisis.

AFR/CRL Poll Shows Wide Discontent With Mulvaney Path at CFPB
July 31, 2018 – 6:01 am
AFR/CRL Poll Shows Wide Discontent With Mulvaney Path at CFPB

Voters of all political parties overwhelmingly oppose the actions taken by Mick Mulvaney to undermine the mission of the Consumer Financial Protection Bureau and feel a strong connection between lax enforcement of the rules on Wall Street and their daily welfare. Ten years after the 2008 financial crisis brought on a searing recession, the survey revealed enduring, strong, and bipartisan support for tougher regulation of Wall Street and predatory lenders.