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Articles tagged with: consumer financial protection bureau

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.”

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.

Letter to Congress: Oppose Wall Street’s CHOICE Act–Devastating to Financial Protections
April 25, 2017 – 4:35 pm

“…We are writing to express our opposition to the “Financial CHOICE Act” and to urge you to oppose this measure. This legislation would be better dubbed “Wall Street’s CHOICE Act,” as it would have a devastating effect on the ability of regulators to protect consumers and investors from Wall Street exploitation and the economy from financial risks created by too-big-to-fail megabanks. It would expose consumers, investors, and the public to greatly heightened risk of abuse in their regular dealings with the financial system, and our economy as a whole to a far greater risk of instability and crisis. “

AFR Statement: New HMDA Rules Should Advance Efforts to Make Mortgage Credit Available Fairly, Safely, and Broadly
October 16, 2015 – 9:39 am

“The Consumer Financial Protection Bureau (CFPB) announced yesterday that it has finalized a set of updated HMDA rules that should significantly improve the quality and value of this data, deepening public understanding of the mortgage market and advancing efforts to make credit available fairly, safely, and broadly.”