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Articles tagged with: mortgages

Letter To Congress: Reject S 2155 — A Gift to Bank Lobbyists
December 4, 2017 – 10:23 am

AFR sent a letter urging Senators to reject S 2155, which contains some two dozen deregulatory gifts to bank lobbyists and only minimal consumer benefits
AFR Opposition Letter to S 2155

Joint Letter: More than 50 Organizations Oppose “Preserving Access to Manufactured Housing Act”
December 1, 2017 – 2:47 pm

“This bill would undermine already vulnerable homeowners by stripping away protections created by Congress and implemented by the Consumer Financial Protection Bureau (CFPB). These protections were put in place for a reason: to give manufactured-homeowners the same protections as traditional homeowners.”

AFR Statement: House Committee Approves a Package of Wall Street Giveaways
November 16, 2017 – 10:55 am

“The package includes legislation that would release the nation’s largest banks from measures to prevent a financial crisis, saving them billions of dollars in expenses,” AFR’s Lisa Donner said. “It would also allow banks and fintech firms to cooperate in new forms of payday lending, and make investment products riskier for mom-and-pop savers. And it’s all happening against the backdrop of a big proposed tax cut for Wall Street.”

AFR in the News: After Virginia Sweep, Democrats Join Republicans for More Bank Deregulation (The Intercept)
November 14, 2017 – 2:36 pm

“[T]he Senate cabal has masked their handout by claiming to focus on relief for small community banks… [But] the proposal ‘includes over a dozen measures that would ease rules on banks, and a few minor changes for consumers that ought to be a given,’ said Marcus Stanley, policy director at Americans for Financial Reform, the main pro-regulatory advocacy group in D.C.”

AFR Statement: FHFA praised for adding language preference question to mortgage form
October 20, 2017 – 3:15 pm

“FHFA made a great decision,” said Amanda Jackson, AFR’s Organizing and Outreach Manager. “Knowing homeowners’ preferred language will help Fannie, Freddie, and mortgage servicers better communicate with their customers and avoid unnecessary – and sometimes devastating – confusion.”

AFR Report: The Same Old Song – Wall Street’s repeatedly discredited but endlessly repeated arguments against common-sense financial regulation
October 13, 2017 – 3:42 pm

A look back at the financial lobby’s robotic opposition to one proposed reform after another, and how Wall Street’s claims have squared with real-world events. This new AFR report homes in on three pre-financial-crisis case studies, involving credit cards, mortgages, and derivatives.