Join us on May 21st for an analysis and discussion of the important developments in the regulation and supervision on big banks, and their effects on financial security and economic stability. View the details here, or below.
“A car is fundamentally important to many Americans ability to get to work and to take care of themselves and their families,” said Rion Dennis, advocacy and legislative strategist, at Americans for Financial Reform. “Congress, and the regulators – including both the CFPB and the FTC – need to take forceful action to end the injustice of people of color being charged more to purchase and drive one.”
Private equity owns over a million U.S. apartment units. Tenants pay a price when corporate landlords buy their buildings. In some cases, private equity buyers have pushed out lower-income tenants – through rent hikes, eviction threats, and more – to flip buildings into high-rent properties to sell for big profits.
This afternoon, the House Financial Service subcommittee on Consumer Protection and Financial Institutions will hold a hearing entitled, “Ending Debt Traps in the Payday and Small Dollar Credit Industry.”
AFR submitted the below statement to the Senate hearing on Guidance and Supervisory Expectations AFR Submission to Senate Banking Committee April 30th Hearing
Wall Street poured at least $1.9 billion into the political process, the largest-ever amount for a non-presidential year, according to a new report by Americans for Financial Reform. This sum outstrips the total of $1.4 billion, in the 2013-14 election cycle, by 36 percent.
On April 29, 2019, AFR Education Fund and several coalition partners sent a letter to the U.S. Department of Housing and Urban Development (HUD) about our concerns with the Office of Inspector General’s April 9, 2019 report regarding the servicing of mortgage loans eventually sold through
The nation’s megabanks are enjoying record profits. But they still aren’t sharing that wealth with their frontline workers. We know they can afford it: they got a $28 billion tax break from the Trump tax law, and they’re paying it to themselves and wealthy shareholders.
Unfortunately, while we believe it would be possible to adopt standards that meet investors’ reasonable expectations under the Commission’s chosen regulatory approach, the regulatory package as currently drafted does not achieve that goal.
On April 18, 2019, AFR’s Language Access Task Force and several organizations sent a letter to the Federal Housing Finance Agency in support of its efforts to improve language access for Limited English Proficient borrowers. View or download a pdf copy of the letter.