News Release: Federal Trade Commission Fails to Protect Used Car Buyers
AFR and consumer groups decry a set of weak and flawed FTC rules for used car dealers.
Category Archives: Financial Reform News
Comments on Wells Fargo CRA Exam: Payday Lending Problems
OCC is asked to downgrade the bank over its Direct Deposit Advance loan product.
Military and Consumer Groups Seek Stronger Enforcement of Military Lending Act
Joint letter calls on Senate to approve Reed amendment giving enforcement authority to federal and state agencies.
Wide Range of Groups Oppose FHFA G-fee Proposal
FHFA’s proposal to charge more in states with consumer protections has elicited letters of strong opposition from housing and consumer advocates, members of Congress, legal and policy experts, Attorneys General, state legislators, and others.
AFR Letter on FHFA Guarantee Fees
In a joint letter, AFR and allied organizations challenge FHFA plan to charge higher guarantee fees in states with strong consumer protection laws.
AFR in the News: Treasury Department Under Fire for Swaps Decision
Treasury, says AFR’s Marcus Stanley, has decided to exempt “a significant derivatives market from key Dodd-Frank reforms meant to protect the public from financial instability.”
AFR in the News: Responding to George Will’s Attack on the CFPB
“It was created… to protect families and the market from dangerous or explosive loans, the same way the Consumer Product Safety Commission protects against explosive toasters.”
AFR in the News: SEC Faulted on Analysis of Copper ETFs
“What alarms me most,” says MIT’s John Parsons, “is the narrow scope of the questions that the Staff posed, even had they bothered to do a thorough analysis of those questions.”
Congressional Letter on Qualified Mortgages and Ability to Repay
In a letter to the Senate, 40 organizations ask the Senate to reject an amendment granting a legal safe harbor to all QM lenders.
SEC Officials Raise Concerns About Lifting Advertising Ban
Additional investor safeguards should be considered, say two of the five SEC commissioners.