Education Fund Archives - Page 33 of 37 - Americans for Financial Reform

News Release: In Comprehensive Official Comment Letter, Broad Coalition Rebukes Trump-Appointed CFPB Director’s Plan To Gut Payday Loan Rule

Americans for Financial Reform Education Fund, as part of a coalition of civil rights, consumer, and labor groups, submitted an official comment letter to the Consumer Financial Protection Bureau excoriating CFPB Director Kathy Kraninger’s proposal to gut a 2017 rule that was issued to stop payday loan debt traps. The coalition’s comment letter, submitted on the last day of the comment period, is a comprehensive rebuttal to Kraninger’s rationales for rolling back consumer protections on payday loans.

Letters to Regulators: AFR Education Fund comment on FSOC’s proposed guidance weakening oversight of nonbank systemically important financial institutions

On May 13, 2019, Americans for Financial Reform Education Fund sent a letter to the Financial Stability Oversight Council warning about the dangers of weakening oversight of nonbank financial firms even if such a firm could impose a threat to financial stability.

Letters to Regulators: Coalition Letter to the CFPB on PACE financing

On March 7, 2019, AFR Education Fund and 25 organizations submitted a letter to the Consumer Financial Protection Bureau on the need for strong consumer protections for Property Assessed Clean Energy (PACE) loans. Read or download a pdf version of this letter

Joint Letter: Letter to FHFA on Language Access

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.

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Letters to Regulators: Letter the CFPB Requesting it Open Consumer Complaints to PACE Loans

ARFEF joined a letter to the CFPB requesting it open its consumer complaint procedure to accept complaints about Property Assessed Clean Energy (PACE) loans.

Letters to Regulators: AFR Education Fund letter to the CFTC regarding proposed rule on Swap Execution Facilities and Trade Execution Requirement

On March 15, 2019, Americans for Financial Reform Education Fund sent a letter to the Commodity Futures Trading Commission expressing several concerns regarding the agency’s “Swap Execution Facilities and Trade Execution Requirement” proposed rules. Read or download a PDF version of the letter.

AFR-CEPR Research: Small Donations Show Growing Power of Grassroots Vs. Wall Street

New members of Congress demonstrated substantially less reliance on money from the financial services industry than incumbents who won re-election in 2018. First-term Democratic members of the House raised, on average, 17 percent of the money for their campaign committees from small donors, compared with 9.4 percent by Democratic incumbents who won re-election.

Letters to Regulators: AFR Education Fund sent a letter to the FTC opposing the Staples-Essendant merger

February 27, 2019 Americans for Financial Reform Education Fund commented on a Proposed Consent Agreement by the Federal Trade Commission (FTC) that will permit the merger of Staples and Essendant. In the letter, AFR Education Fund urged the FTC to follow the logic of its

Joint Letter: 9 groups oppose the CFPB’s proposed changes to its no-action letter policy and new sandbox proposal

9 groups oppose the CFPB’s proposed changes to its no-action letter policy and new sandbox proposal

Joint Letter: 80 groups oppose CFPB’s no-action letter and sandbox proposal

Letter from 80 groups opposing the CFPB’s changes to its no-action letter policy and new sandbox proposal