This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – October 1, 2011 – October 7, 2011.
Tag Archives: Mortgage Market
AFR Memo on Servicemembers, the Military Lending Act, and the CFPB
October 1st marked the 4th anniversary of implementation of the Military Lending Act (MLA). Passage of the MLA was a recognition of the serious harm abusive consumer financial products do to our service members. It was an important step. But MLA rules are narrowly focused,
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – June 11, 2011 – June 17, 2011.
AFR Statement on House Financial Services subcommittee hearing
FOR IMMEDIATE RELEASE DATE: March 30, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on House Financial Services subcommittee hearing Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong financial reform, issued
Consumer Action Summary of the Dodd-Frank Act
Below, read a summary of the Dodd-Frank law from AFR member Consumer Action. The landmark federal financial reform legislation (the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010) was designed to strengthen consumer protection of financial products and services, limit taxpayer liability for
CRL Summary of CFPB Provisions
The Center for Responsible Lending has produced a comprehensive bill summary of Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which focuses on the Consumer Financial Protection Bureau. Click here for a pdf version of the document.
No More Kickbacks: New Rules Block Incentives to Rip Off Borrowers on Mortgages
Full implementation of the Dodd/Frank financial reform bill will create a dramatically fairer mortgage market Washington, DC – Until now it has been standard practice for many brokers and lenders to get kickbacks for putting borrowers in more expensive loans; the rules of the game
Mortgage and Foreclosure Issues in Financial Reform Conference
The Honorable Christopher Dodd Chairman Senate Committee on Banking, Housing and Urban Affairs Washington, DC 20510 The Honorable Barney Frank Chairman House Committee on Financial Services Washington, DC 20515 RE: Mortgage and Foreclosure Issues in Financial Reform Conference Dear Chairman Dodd and Chairman Frank: Thank
President Obama Refocuses on Foreclosure Prevention
A recent editorial in the New York Times talked about new steps that President Obama has authorized to deal with the needs of homeowners dealing with foreclosures, especially unemployed homeowners and those with underwater mortgages. However, there are still problems with the government’s plans, as
From Foreclosure to Redlining: How America’s Largest Financial Institutions Devastated California Communities
The California Reinvestment Coalition released this report (PDF) about subprime lending to communities of color in California. Here are their key findings: Lenders saturated California neighborhoods with high-cost and predatory loans: In 2006, in each city, lenders were more likely to make high-cost loans in