Tag Archives: CFPB

Payday-Loans

News Release: Payday Lenders Openly Brag That Their Contributions Lead to Regulation Rollbacks

A video obtained by consumer watchdog groups Allied Progress and Americans for Financial Reform shows payday industry executives bluntly discussing how campaign contributions to the Trump campaign has bought them access to his administration. In a recent webinar, predatory lenders reveal their plan for using campaign cash to lock in a final CFPB payday rule that enriches them at consumers’ expense.

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News Release: AFR/CRL Poll Shows Voters Overwhelmingly Oppose Rollbacks of Student Loan Protections

Strong majorities across political parties show concern about the level of student debt in the United States and oppose the Department of Education’s and the Consumer Financial Protection Bureau’s (CFPB) recent actions to weaken protections for students, according to a new poll released by Americans for Financial Reform (AFR) and the Center for Responsible Lending (CRL).

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In The News: Elizabeth Warren Lost Her Dream Job but Gained a Path to 2020 (NYT)

It was no longer a lonely effort. Mr. Frank, a powerful committee chairman, was now an ally. So was an emerging coalition of progressive groups, labor unions and consumer advocates, known as Americans for Financial Reform. Ms. Warren sought out its leader, Heather Booth, for insight into political organizing. “She knew many of the players on the policy side,” Ms. Booth said. “What she hadn’t been experienced with were the politics.”

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In The News: Trump’s Latest Assault on the CFPB Could Backfire (Slate)

Kraninger is wildly unqualified to lead the CFPB: Before her confirmation, she had no experience in consumer protection or financial regulation. Civil rights groups and Wall Street watchdogs [AFR letter linked] uniformly opposed her, while the financial industry supported her—perceiving correctly that she would be, at best, a do-nothing director.

us congress building - Photo by Louis Velazquez on Unsplash

News Release: CFPB’s Proposed Debt Collection Rule Faces Strong Bipartisan Opposition

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.