Read the full editorial here. It’s a springtime sales event for America’s auto dealers. Over the next week or so, they’ll toil feverishly to close deals — not with car buyers, but with members of the Senate in an effort get dealerships exempted from consumer protections
Visit this page on the U.S. PIRG website for a list of likely amendments to S. 3217, the Restoring American Financial Stability Act of 2010. The Senate is currently debating the bill and these amendments. PIRG also explains which amendments are in the public interest,
COMMODITY MARKETS OVERSIGHT COALITION An Alliance of Derivatives End-Users & Reform Advocates May 4, 2010 The Honorable Harry Reid Majority Leader, U.S. Senate 522 Hart Senate Office Building Washington, DC 20510 The Honorable Mitch McConnell Minority Leader, U.S. Senate 361A Russell Senate Office Building Washington,
Preemption-Analysis of Senate provision
Oppose the Brownback amendment to exempt auto dealers from the CFPB. Data from several nationwide cases against the major auto lenders settled by the National Consumer Law Center and co-counsel from 2003 to 2007 showed widespread racial disparities, unrelated to credit risk, in the markups added by
Car Dealers Are Lenders/Creditors When the Consumer Gets both the Car and the Financing from the Dealer See this PDF for an example of a car loan. For the millions of consumers who get both the vehicle and financing at the dealership, auto dealers are “creditors.”
United States Senate Washington, DC 20510 May 4, 2010 Re: Cantwell Amendment 3786 to Restoring Financial Stability Act of 2010 authorizing CFTC to effectively enforce manipulation of derivatives markets Dear Senator: The over 250 consumer, employee, investor, community and civil rights groups who are members
May 4, 2010 United States Senate Washington, D.C. 20510 RE: OPPOSE the Vitter-DeMint amendment (S. 3739), which proposes to strike Title XII Improving Access to Mainstream Financial Institutions, from the Restoring American Financial Stability Act of 2010 (S. 3217). Dear United States Senators: We, the
The Honorable Chairman Dodd Committee on Banking, Housing and Urban Affairs U.S. Senate Washington, D.C. 20510 March 22, 2010 Dear Chairman Dodd: The over 200 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) would like to