The shutdown is over (for now), but the pain it is STILL creating for workers is very real. It caused many federal workers and employees of federal contractors to miss payments on their car loans, credit cards, or mortgages. That’s why we are urging the credit bureaus — Equifax, Experian, and TransUnion — to proactively remove any negative information that appears during the shutdown period from consumer credit reports for workers affected by the shutdown.
Joint Letter: Letter to CRAs urging credit relief for federal contractors and small businesses affected by the shutdown
letter to CRAs urging credit relief for federal contractors and small businesses affected by shutdown
We need a democracy where voters are protected from discrimination and can make themselves heard at the ballot box. A democracy that isn’t bought and paid for by the highest corporate bidder. And a democracy where ordinary Americans — more women, people of color, and working people — can run for office without relying on special interest Big Money.
Just imagine what a Congress that took our democracy seriously could accomplish. We must ensure that the For The People Act (H.R. 1), which the House of Representatives is introducing, is the strongest package possible of democracy reforms — to make sure government works for all of us.
Several safeguards are critical to ensure that bank loan programs—particularly those designed for financially distressed consumers—promote financial inclusion rather than exacerbate financial exclusion and distress.
Joint Letter: Consumer Groups Urge FDIC To Cap Small-Dollar Loan Interest Rates And Consider Consumer Ability To Repay
Credit cannot make up for a fundamental lack of income or consistent incapacity to meet expenses, particularly for the borrowers with damaged credit for whom high-cost bank products tend to be designed. Irresponsible loan products merely put these consumers in a cycle of debt, exacerbating, not helping their situation.
Letters to Regulators: AFR Education Fund letter to banking regulators regarding changes to prudential standards and applicability thresholds for large banks.
January 22, 2019 Americans for Financial Reform Education Fund submitted a letter to banking regulators regarding the relaxation of enhanced prudential standards for large banking institutions. Read or download a PDF version of the letter by following this link.
Letter to FHA urging stay on foreclosures during government shutdown
Letter to CRAs urging credit relief for consumers affected by natural disasters
Joint Letter: Letter to CRAs urging credit relief for federal workers impacted by government shutdown
Letter to CRAs urging them to take steps to protect the credit reports of federal workers affected by the government shutdown