WASHINGTON, DC — Five Democratic Senators betrayed small business owners Wednesday by voting with Republicans to rescind recently finalized small business lending data rules known as Section 1071, leading consumer advocacy groups said.
Washington, D.C. – The Securities and Exchange Commission’s decision to finalize important amendments governing beneficial ownership reporting despite fierce backlash from the hedge fund industry represents a significant move towards creating a more equitable investment landscape increasing transparency for other investors.
WASHINGTON, D.C. – The Federal Trade Commission and Consumer Financial Protection Bureau’s announcement of new actions to crack down on junk fees is a critical initiative in stopping companies from ripping off consumers with hidden and misleading fees and compelling firms to provide upfront and accurate pricing on products and services.
Washington, D.C. – Today, the Supreme Court heard oral arguments in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA), a case that could undermine the CFPB and create widespread havoc in the financial sector and our economy.
Washington, D.C. – This afternoon, Americans for Financial Reform held a virtual media briefing with the Constitutional Accountability Center and Democracy Forward to review the oral arguments in one of this term’s most important Supreme Court cases concerning the stability of the American financial system and the future of consumer protection: CFPB v. CFSA, a constitutional challenge to the funding structure of the Consumer Financial Protection Bureau (CFPB).
Washington, D.C. – Americans for Financial Reform (AFR) Executive Director Lisa Donner, released the following statement in reaction to this morning’s oral arguments before the Supreme Court in the case, Consumers Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA).
Washington, D.C. – A growing chorus of legal experts and policymakers are raising the alarm about the Supreme Court agreeing with the payday lending industry and concluding that the funding mechanism that Congress created for the Consumer Financial Protection Bureau is unconstitutional.
Washington, D.C. – A ruling by the Supreme Court against the Consumer Financial Protection Bureau could imperil the functioning of numerous critical federal agencies that are funded outside of the annual appropriations process, a step that would worsen future government shutdowns and possibly impede the operations of the judiciary, according to Americans for Financial Reform and the former Republican chair of the Federal Deposit Insurance Corporation, Sheila Bair.
Washington, D.C. – The Federal Trade Commission’s recent action against private equity abuse in the healthcare industry is an important step in protecting patients and fostering competition in anesthesiology practices.
The impending oral arguments before the Supreme Court in the CFPB v. CFSA on Tuesday, October 3, will implicate not only a narrow pay-day rule but potentially years of CFPB enforcement work. Today, Americans for Financial Reform Education Fund (AFREF) and the Constitutional Accountability Center (CAC) are sharing evidence of the wide range of CFPB rules and enforcement actions that could be affected by the Supreme Court’s decision.