Joint Letter: Letter to CRAs urging credit relief for federal contractors and small businesses affected by the shutdown
letter to CRAs urging credit relief for federal contractors and small businesses affected by shutdown
Category Archives: Letters and Statements
Joint Letter: Consumer Groups Urge FDIC To Promote Financial Inclusion For Distressed Consumers
Several safeguards are critical to ensure that bank loan programs—particularly those designed for financially distressed consumers—promote financial inclusion rather than exacerbate financial exclusion and distress.
Joint Letter: Consumer Groups Urge FDIC To Cap Small-Dollar Loan Interest Rates And Consider Consumer Ability To Repay
Credit cannot make up for a fundamental lack of income or consistent incapacity to meet expenses, particularly for the borrowers with damaged credit for whom high-cost bank products tend to be designed. Irresponsible loan products merely put these consumers in a cycle of debt, exacerbating, not helping their situation.
Joint Letter: Letter to CRAs urging credit relief for consumers affected by natural disasters
Letter to CRAs urging credit relief for consumers affected by natural disasters
Joint Letter: Letter to CRAs urging credit relief for federal workers impacted by government shutdown
Letter to CRAs urging them to take steps to protect the credit reports of federal workers affected by the government shutdown
Joint Statement: Advocates Urge Consumer Bureau To Protect Consumers From Abusive Debt Collectors
Advocates from 74 national and state advocacy groups sent a letter yesterday afternoon to new Consumer Financial Protection Bureau Director Kathy Kraninger urging the bureau to focus on protecting consumers from abusive debt collection practices in anticipation of a proposed debt collection rule expected in March 2019.
Joint Letter: Specific Recommendations To Protect Consumers Through Ongoing Rulemaking On Debt Collection
As we approach the fifth year anniversary of the proposed rulemaking on debt collection, and the regulatory process appears to be moving forward, the 74 undersigned consumer, community, civil rights, faith, labor and legal services groups write to urge the Consumer Financial Protection Bureau (“Consumer Bureau”) to focus on protecting consumers from abusive debt collection practices in any rule that it issues.
News Release: Extralegal ‘No-Action Letter’ Policy Would Exempt Industries From Basic Supervision And Enforcement
In Mick Mulvaney’s final hours as acting director, the Consumer Financial Protection Bureau (CFPB) proposed two policies that put consumers at gravely increased risk of the very harm the CFPB is supposed to prevent.
News Release: ‘Aye’ Votes On Kraninger Expose American Families To Greater Wall Street Abuse
The Senate majority has endorsed a CFPB nominee indistinguishable from Mick Mulvaney, who has done his level best to dismantle from within an agency that once won real results for American families hurt by Wall Street and predatory lenders. Kraninger has no track record at all of consumer protection, or of standing up for vulnerable people.
News Release: Senators Must Reject Kraninger Nomination
Kathy Kraninger has put no daylight whatsoever between herself and Mick Mulvaney, who has done his level best to dismantle from within an agency that once won real results for American families hurt by Wall Street and predatory lenders. He has subverted, not advanced, the mission of consumer protection for which Congress created the CFPB.