team, Author at Americans for Financial Reform

Joint Statement: Public Interest Groups Applaud FHFA Move to Expand Resources for LEP Borrowers

The clearinghouse is a valuable resource that will improve the homeownership experience for Limited English Proficient (LEP) borrowers by making available all in-language resources in one centralized place, including translated loan documents, glossaries, and other educational materials. The clearinghouse will be helpful to lenders, housing counselors, attorneys, and other advocates assisting LEP borrowers.

News Release: Grupos de Interés Público Aplauden a la FHFA por Ampliar Recursos para Prestatarios con Conocimientos Limitados del Inglés

El repositorio es un recurso valioso que mejorará el proceso de adquisición de viviendas para prestatarios con Conocimientos Limitados del Inglés (LEP, por sus siglas en inglés) al hacer disponible en un mismo sitio toda la documentación en un mismo idioma, incluyendo traducciones de documentos de préstamos, glosarios, y otros materiales educacionales. El repositorio será de utilidad para prestamistas, asesores de vivienda, abogados, y otros ayudando a prestatarios con conocimientos limitados del inglés.

A pair of hands writing on paper with a pen

Letters to Regulators: Letter Urging the CFPB to Initiate the Rulemaking Process to Implement Section 307 in the Economic Growth, Regulatory Relief, and Consumer Protection Act

AFR joined a letter urging the CFPB to expeditiously initiate the rulemaking process to implement Section 307 in the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115-174).

Joint Letter: AFL-CIO and Americans for Financial Reform sent a letter to the Senate opposing S. 488

October 11, 2018 AFL-CIO and Americans for Financial Reform wrote a letter to the Senate to state opposition to S. 488 (the so-called “JOBS and Investor Confidence Act of 2018”) which has been passed by the House of Representatives. Many industry lobbyists are pressing for

Joint Letter: Group Of 13 Organizations Sent a Letter Opposing Eric Dreiband’s Nomination as Assistant Attorney General of the Civil Rights Division at the U.S. Department of Justice

AFR and 12 organizations opposed the nomination of Eric Dreiband to serve as the Assistant Attorney General of the Civil Rights Division at the Department of Justice.

Joint Statement: CFPB Sandbox Proposal Would Deny Consumers Key Information

The CFPB is exceeding its authority under the law that created the agency and would set a dangerous precedent with its “disclosure sandbox” policy, its label for granting companies exemptions from disclosure rules. The CFPB would allow firms to obfuscate or eliminate important information in the name of “financial innovation,” a label often applied to defend practices in mortgage lending that led to the 2008 crisis.

Letter To Regulators: Public Interest Groups Criticize CFPB Proposal on Regulatory “Sandbox”

Letters to Regulators: Letter to the CFPB in Opposition to Trial Disclosure Programs

AFR joined a letter to the CFPB opposing their proposed policy to encourage trial disclosure programs.

Letter To Regulators: Civil Rights, Consumer Groups Seek Blankenstein Ouster from CFPB

We, the undersigned organizations, call on you to abandon your proposed reorganization of the
Office of Fair Lending and Equal Opportunity, and to remove Mr. Eric Blankenstein from having
any involvement in the Bureau’s oversight and enforcement of antidiscrimination laws. We have
long voiced strong concerns about your plans to relocate the Office of Fair Lending, and our
concerns have grown even stronger in light of the shocking revelations about Mr. Blankenstein’s
writings on issues of race.

New Report: The Volcker Rule: Its Past, Present, and Uncertain Future

Americans for Financial Reform Education Fund published a new report describing the history of the Volcker Rule and the efforts of the financial industry to undermine it. The Volcker Rule is a central element of post-crisis financial regulation that is intended to be a modern