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
Category Archives: Letters and Statements
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.
News Release: Fed Report Proves Need To Strengthen Financial Safeguards
Today’s financial stability report from the Federal Reserve clearly documents that we are at or near the peak of an economic cycle, with inflated asset prices and strong lending growth leading to signs of excessive leverage in the corporate sector. The peak of the cycle is the time to strengthen financial safeguards, not weaken them.
Joint Statement: CRL, AFR Urge OCC Not To Weaken Standards In CRA Update
The groups pressed the OCC that any changes to the CRA must strengthen — not weaken — banks’ obligation to meet the needs of low-income communities and communities of color and that changes must result in expanded access to credit in historically redlined areas.
News Release: SEC Advisory Committee Right to Seek Major Changes to Broker Standards Proposal
What we heard today from the diverse membership of the SEC’s own advisory committee is that they share our view that the proposed Reg BI would not protect investors. The IAC has called on the SEC to instead pass rules that make clear that brokers have a legal obligation to act in the best interests of their clients.
News Release: Wells Fargo Must Compensate Wrongfully Evicted Homeowners
Wells Fargo must complete a comprehensive review that identifies every single homeowner affected by this problem, and must adequately compensate them for the serious harm they have suffered as a result of losing their homes to wrongful foreclosure or paying for a more expensive modification.