They rip people off to the tune of tens of billions of dollars a year, punish people for not being rich with higher fees and higher rates, and worsen the racial wealth gap. The Consumer Financial Protection Bureau was created to stop this kind of abusive corporate behavior, and to hold financial companies accountable when they break the law.
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Updates
AFR Joins Workers and Allies to Call on the Courts to Defend the Consumer Financial Protection Bureau
For over a decade, people have had a dedicated financial watchdog in their corner: the Consumer Financial Protection Bureau. So, it is no surprise that the Trump Administration moved quickly to shut it down in the early days of last year. That’s why Americans for Financial Reform and a broad-based coalition of consumer protection, civil…
AFR in the News
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Credit and Collection News: Nearly 100 Groups Are Standing Up for a Strong, Robust, and Independent CFPB
“Wall Street and Silicon Valley would like nothing more than to take down the agency that safeguards the financial security of everyday families and make it easier to rip people off without consequences,” said Tom Feltner, associate director of consumer policy at the Americans for Financial Reform. “The CFPB needs the funding and independent leadership…
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Ballard Spahr L.L.P.: Trump Administration says CFPB has cost consumers hundreds of billions of dollars
“The Trump administration has tried for over a year to shut down the CFPB because it worked tirelessly to protect people from junk fees, scams, and widespread financial harm as well as holding financial firms accountable for ripoffs and unfair practices,” said Tom Feltner, Associate Director of Consumer Policy at Americans for Financial Reform. “It…
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Credit and Collection News: President Trump Escalates Assault On CFPB
Consumer advocates, Democratic members of Congress, and groups like Americans for Financial Reform and borrower‑protection coalitions characterize the strategy as an “assault” designed to let big banks, debt collectors, and fintechs operate with fewer constraints and more junk‑fee revenue at consumers’ expense.