AFR submitted a statement to the Capital Markets Subcommittee of the House Financial Services Committee regarding a 2/14/18 hearing examining eleven different proposed bills affecting regulation of derivatives markets. Final AFR Statement For 2-14 Derivatives Hearing
AFR sent the below letter to the Federal Reserve commenting on a package of proposals for stress test transparency AFR Comment on Stress Test Proposal Package
Charging that the single director structure — which helps make the bureau an effective consumer regulator, if that director is committed to the public interest — was unconstitutional evolved into a mainstay of attacks from Wall Street, predatory lenders, and their friends in Congress and the administration.
From tax cuts to deregulation to changes at the Consumer Financial Protection Bureau, the first year of the Trump administration has been a boon to Wall Street at the expense of ordinary Americans.
In the past 10 years, nine big Wall Street firms have fundamentally altered the rental landscape in their targeted cities across 13 states by eliminating the human aspects of the relationship between tenants and their landlord. In some areas, the largest SFR companies own a large percentage of all single family rentals in a given zip code – up to 12.5 percent in some areas.
Press call TODAY at 12 noon ET. For more information: carter@ourfinancialsecurity.org Report available in PDF form, or embedded below.
Americans for Financial Reform and the Center for Responsible Lending hosted a press call today with leading experts to discuss two ongoing lawsuits concerning the CFPB director and the administration’s attempts to destroy the CFPB’s independence.
AFR sent a statement to the House Financial Services Committee regarding proposals to end independent funding for Federal Reserve bank regulation and supervision. AFR Federal Reserve Independent Funding
By overwhelming majorities, across party lines and geographies, the American public supports the mission of the Consumer Financial Protection Bureau, and rejects standard arguments against it.
Private equity moguls have invested heavily in the payday and installment lending. The development puts private equity firms in the position to profit from efforts by payday lenders to roll back an important new rule by the Consumer Financial Protection Bureau.