Letters and Statements Archives - Page 10 of 50 - Americans for Financial Reform

News Release: New Report and Consumer Alert Flag Deceptive Auto Repair Financing Practices

WASHINGTON – A report released today by the Stop The Debt Trap coalition finds auto repair shops across the country are offering predatory loans through EasyPay Finance and Transportation Alliance Bank (TAB Bank) that promise no interest if paid in 90 days but end up carry annual interest rates up to 189% – even in states where a rate that high is illegal. The report highlights some of the hundreds of complaints detailing deceptive and abusive practices concerning loans by EasyPay Finance, its parent company Duvera Billing Services, and Utah-based bank, TAB Bank, which helps EasyPay evade state laws. EasyPay Finance loans are available at auto repair and tire shops around the country, including at major chains such as AAMCO, Big O Tires, Grease Monkey, JiffyLube, Meineke, Midas, and Precision Tune Auto Care.

Statement for the Record: AFR Submits a Statement for the Record for HFSC’s CFPB Oversight Hearing

In this statement, AFR focuses in particular on the CFPB’s recent enforcement successes, the need to retain its authority, and some of the CFPB’s existing and future priorities.

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Petition to the SEC: 16k Petitioners Urge SEC to Require Climate Risk and Carbon Emissions Disclosure

Americans for Financial Reform delivered 16,658 petition signatures calling on the Securities and Exchange Commission (SEC) to make it mandatory for large companies and banks to disclose their total greenhouse gas emissions, including financed emissions, to investors and the public.

New Release: Statement in Response to Diem Association Being Sold to California Bank

In response to news yesterday that the Meta (Facebook) backed Diem Association has been sold to California bank Silvergate, a financial institution friendly to crypto finance projects, Demand Progress Education Fund and the Americans for Financial Reform Education Fund released the following statement.

In The News: Wall Street Braces for More Rules With Trump-Era FDIC Chief Gone (Bloomberg News)

“Having a Fed vice chair for supervision is crucial to a progressive agenda,” said Renita Marcellin, a senior banking policy analyst at Americans for Financial Reform, which has called for a halt on all bank mergers, more rules for cryptocurrency firms and a crackdown on the private equity industry. “There’s a lot more to do than simply repairing the damage caused by Trump regulators.”

Letters to the Administration: Letter in Support of the Majority on the FDIC Board

AFR joined a letter to President Biden expressing support for the majority on the FDIC board, and calling on President Biden to remove the chair if she continues to attempt to thwart majority action.

classroom with students and a student with a backpack standing up with papers - Photo by javier trueba on Unsplash

Letters to the Administration: Advocates Urge President Biden to Delay Restarting Student Loan Payments Given New Omicron Variant and Ongoing System Failures

AFR and over 200 other organizations joined a letter urging President Biden to delay restarting student loan payments given the new Omicron variant and ongoing system failures.

A pair of hands writing on paper with a pen

Letters to Regulators: Memo to ED Supporting Continuity of Education From Carceral Setting to Reentry In Regulations on Pell Grants for Prison Education Programs

AFREF joined a memo to ED establishing their obligation to support education in reentry as Pell has been reinstated for incarcerated individuals and more individuals who will now begin a postsecondary education inside will not finish their degree within the correctional setting and will instead have to finish during reentry. The paper also demonstrates the types of support Prison Education Programs (PEP) could provide to help with the ‘education continuum’ from college inside to education outside.

Letters to the Administration: Letter Urging OMB and OIRA to Implement the January 20th Memo on Modernizing Regulatory Review

AFREF joined a letter urging the Biden Administration to immediately begin the process of implementing reforms outlined in the January 20th memo on “Modernizing Regulatory Review.”

Letters to the Administration: Over 100 Groups Urge President Biden to Cancel Student Debt

AFREF joined over 100 other groups in sending a letter urging President Biden to cancel student debt.