Joint Letter: Letter to the USDA urging for a stop the foreclosures during the government shutdown
Advocate etter to USDA urging stop to foreclosures during government shutdown
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Joint Letter: Letter to the CFPB on Data Collection
AFR Education Fund was among the 18 organizations that submitted these comments responding to the CFPB’s RFI on data collection on December 27, 2018. You can view or download pdf of the letter here.
Joint Statement: Advocates Urge Consumer Bureau To Protect Consumers From Abusive Debt Collectors
Advocates from 74 national and state advocacy groups sent a letter yesterday afternoon to new Consumer Financial Protection Bureau Director Kathy Kraninger urging the bureau to focus on protecting consumers from abusive debt collection practices in anticipation of a proposed debt collection rule expected in March 2019.
News Release: Extralegal ‘No-Action Letter’ Policy Would Exempt Industries From Basic Supervision And Enforcement
In Mick Mulvaney’s final hours as acting director, the Consumer Financial Protection Bureau (CFPB) proposed two policies that put consumers at gravely increased risk of the very harm the CFPB is supposed to prevent.
Joint Letter: Report to SEC Highlights Disclosure Weaknesses of Broker Standards Rule
Given the evidence that, after being provided a summary relationship disclosure, investors still cannot fully understand, and in some cases misunderstand, fundamental differences in the nature of the brokerage and advisory relationships and the respective duties they are owed, the different fees they would pay, or how various conflicts of interest can influence the recommendations they receive, a regulatory regime that relies on disclosure for investors to make an informed decision about what type of financial professional to work with and what type of account to use is certain to fail.
News Release: ‘Aye’ Votes On Kraninger Expose American Families To Greater Wall Street Abuse
The Senate majority has endorsed a CFPB nominee indistinguishable from Mick Mulvaney, who has done his level best to dismantle from within an agency that once won real results for American families hurt by Wall Street and predatory lenders. Kraninger has no track record at all of consumer protection, or of standing up for vulnerable people.
Speeches and Remarks: Remarks by Policy Director Marcus Stanley re derivatives clearing at CFTC Market Risk Advisory Committee
Additional information about this meeting is available here.
News Release: Senators Must Reject Kraninger Nomination
Kathy Kraninger has put no daylight whatsoever between herself and Mick Mulvaney, who has done his level best to dismantle from within an agency that once won real results for American families hurt by Wall Street and predatory lenders. He has subverted, not advanced, the mission of consumer protection for which Congress created the CFPB.
News Release: Fed Report Proves Need To Strengthen Financial Safeguards
Today’s financial stability report from the Federal Reserve clearly documents that we are at or near the peak of an economic cycle, with inflated asset prices and strong lending growth leading to signs of excessive leverage in the corporate sector. The peak of the cycle is the time to strengthen financial safeguards, not weaken them.
Letters to Regulators: AFR Education Fund sent a comment letter to the SEC regarding proposed rules on broker-dealer and swap dealer capital requirements.
Click here to download a PDF version of the letter.