Category Archives: Statements and Press Releases

News Release: Groups: FDIC & OCC Are Wrong to Support Predatory Small Business Lender

Small business advocates, consumer groups, and civil-rights advocates today sent a letter to the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) criticizing the agencies’ decision to file an amicus brief supporting a predatory small business lender that used a bank to evade state interest rate laws so that it could make a 120% annual percentage rate (APR) $550,000 loan.

News Release: AFR Applauds the House Passage of the FAIR Act

House of Representatives Passed HR 1423, the Forced Arbitration Injustice Repeal (FAIR) Act, in a 225-186 vote For Immediate Release: September 20, 2019 Contact: Carter Dougherty or carter@ourfinancialsecurity.org Washington, DC – Today, the House of Representatives passed the Forced Arbitration Injustice Repeal (FAIR) Act in a