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Articles tagged with: Congress

AFR Statement: S. 2155 Ignores Lessons of Financial Crisis, Flouts Will of Voters
May 22, 2018 – 5:48 pm

This legislation ignores the lessons of the financial crisis that cost so many Americans their jobs and homes, and pays no heed to the overwhelming majority of voters who correctly understand the need for tougher, not weaker, oversight of the financial services industry.

AFR Statement: AFR Condemns House Vote to Abandon CFPB Auto Lending Guidance
May 8, 2018 – 4:57 pm

In the era of mass incarceration, racial profiling and unaccountable police brutality, every member of Congress who voted for this bill has to explain why they do not believe people of color deserve the full protection of the federal government, especially given the long documented history of racial discrimination in auto lending.

AFR Statement: Consumers Need CFPB Director Nominee, Not Mulvaney’s Pay-to-Play
April 25, 2018 – 11:20 am

Mick Mulvaney admits he favored lobbyists who gave him money as a lawmaker. He has no business running the CFPB, an agency devoted to the protection of consumers, not lobbyists.

AFR Statement: Senate Commemorates Financial Crisis With Deregulation Bill Vote
March 14, 2018 – 6:55 pm

The legislation approved by a bipartisan majority in the Senate doesn’t serve families or communities, nor is it policy that most Americans support. It puts the interests of financial institutions ahead of the rest of us

AFR Statement: No Budget Riders Weakening Wall Street Reform or CFPB
November 20, 2017 – 8:18 pm

Congress should abandon budget rider proposal that would eliminate independent funding for the CFPB and other poison pills.

AFR Statement: Equifax Earnings Highlight Broken Model of Credit Reporting
November 10, 2017 – 2:51 pm

The hack may even have been a boon to the bottom line of credit reporting companies, which charge consumers to freeze their credit report or monitor their credit, even though consumers are seeking these protections due to this massive breach.

AFR Statement: Monopoly Man Highlights Need for Congress to Act on Consumer Rights
November 10, 2017 – 2:45 pm

But the question is, what will Congress do after a hearing on data breaches? Will they act to restore our right to control information about our own lives, and protect our privacy, or will they let Equifax and other data brokers turn the problems they caused into an excuse for undermining existing state laws with a sham weaker federal standard that replaces them? Will they restrict access to the courts?

AFR Statement: Oppose Giveaways to Wall Street and Predatory Lenders in Appropriations Bill
June 28, 2017 – 10:30 pm

It would gut the Consumer Financial Protection Bureau, enable reckless behavior by big banks, and hand a special favor to payday lenders. Lawmakers should reject this legislation out of hand.