Home » Archive by Tags

Articles tagged with: Defend the CFPB

Joint Letters: More than 300 national, state and local organizations urge opposition to bringing CFPB funding under the Appropriations process
March 1, 2018 – 9:52 am

AFR and more than 300 organizations urge members of Congress to oppose any poison pill financial reform policy riders, whether to put the CFPB under the normal Appropriations process, otherwise weaken the authority, structure or independence of the CFPB.

AFR Statement: Administration Seeks Sabotage of CFPB Via Budget, ‘Strategic Plan’
February 13, 2018 – 1:56 pm

“The administration’s budget and Mick Mulvaney’s ‘strategic plan’ for the CFPB are transparent attempts to stop the agency from doing what it was designed to do: actually protect consumers.”said Lisa Donner, executive director, Americans for Financial Reform.

Joint Statement: Sen. Jeff Merkley, Rev. Willie Gable Jr. Condemn Ongoing Sabotage of CFPB, Demand Pres. Trump Nominate Consumer Advocate as Director
February 7, 2018 – 5:14 pm

“Under the Trump administration, the Consumer Financial Protection Bureau has become the Payday Predator Protection Bureau,” said Sen. Jeff Merkley (D-Oregon). “Trump and his allies are blatantly trying to dismantle the bureau from the inside. If this isn’t a crystal clear example of the Trump administration governing of, by, and for the powerful rather than of, by, and for the people, then I don’t know what is.”

AFR in the News: Federal regulator clamps down on payday lending industry (Chicago Tribune)
October 6, 2017 – 12:46 pm

“A federal regulator announced new restrictions Thursday on the payday lending industry, a move that is likely to face resistance in Congress. The Consumer Financial Protection Bureau’s finalized rules largely reflect what the agency proposed last year. They are the first nationwide regulation of the industry, which had largely been left to the states.”

AFR In the News: Regulator Moves Against Mandatory Arbitration Agreements (Minneapolis Star-Tribune)
July 17, 2017 – 4:58 pm

“Since most consumers cannot afford to take on a big corporation on their own, banks like Wells Fargo get away with ripping off large numbers of customers,” Amanda Werner, arbitration campaign manager with Americans for Financial Reform and Public Citizen, said in a statement. “This new rule will help prevent this kind of widespread fraud and ensure consumers can fight back.”

Joint Statement: Over 400,000 Call on Congress to Defend the CFPB
May 10, 2017 – 9:00 am
Joint Statement: Over 400,000 Call on Congress to Defend the CFPB

Today, a coalition of organizations representing workers, students, consumers, and borrowers delivered a petition with over 400,000 signatures calling on Congress to defend the crucial work of the Consumer Financial Protection Bureau.