AFR signed onto a letter with more than 270 national, state and local groups, as well as concerned individuals to urge regulators to ensure that banks cease to offer payday loans and to prohibit any expansion of these dangerous loans.
AFR released a statement calling for the confirmation of Richard Cordray as Director of the CFPB.
AFR signed onto a letter with national and statewide public interest groups supporting the confirmation of Richard Cordray as Director of the CFPB.
The Bond Buyer reports on resistance to House legislation that would “let big banks and swap dealers escape Dodd-Frank’s fiduciary duty provision,” relieving them of any duty to “put clients’ interests ahead of their own.”
MetLife CEO Steve Kandarian warns of dire consequences if large insurance companies are designated systemically important and deserving of special oversight. Such a move, he said, “could disrupt an entire industry just as the economy is regaining its footing.”
Ed Mierzwinski of US PIRG (also the head of AFR”s consumer protection task force) appeared on WBUR-FM with a Washington Post reporter and a Heritage Foundation fellow.
Senate leaders take a clear stand against the threat of what one Congressional scholar has termed modern-day nullification.
“These findings of widespread and damaging errors… underscore once again how important the [CFPB] is, and how important it is for the Senate to confirm Richard Cordray as Director.”
Another battle is brewing over the Consumer Financial Protection Bureau. President Obama has renominated Richard Cordray as director, but 43 Senators have threatened to once again block his appointment unless the agency is dramatically weakened. Make no mistake: what we’re facing is an attempt to
Americans for Financial Reform applauds today’s letter from 45 House members calling on the White House to nominate a permanent director of the Federal Housing Finance Agency.