AFR Applauds 54 Senators for Standing Up to Pressure to Weaken the CFPB
Senate leaders take a clear stand against the threat of what one Congressional scholar has termed modern-day nullification.
Category Archives: Statements and Press Releases
Credit Reports Riddled With Errors, FTC Confirms
“These findings of widespread and damaging errors… underscore once again how important the [CFPB] is, and how important it is for the Senate to confirm Richard Cordray as Director.”
AFR Backs House Members’ Appeal for a New FHFA Director
Americans for Financial Reform applauds today’s letter from 45 House members calling on the White House to nominate a permanent director of the Federal Housing Finance Agency.
AFR Statement on Nomination of Mary Jo White to Chair SEC
“Wall Street special interests have opposed tough rules every step of the way. We need leadership at the SEC that will resist that pressure and move swiftly forward [to] protect the markets and investors.”
AFR Statement on Re-Nomination of Richard Cordray
“The Senate now has a second chance to confirm this commendable nominee. It should.”
AFR Statement on CFPB Mortgage Servicer Rule
“[W]hile the final rule is an improvement over the proposed rule, it does not go far enough to ensure fair treatment of borrowers. We urge the CFPB to immediately consider improvements, both on its own and through the interagency guidance process.”
AFR Statement on CFPB Mortgage Lending Rule
“[P]ortions of today’s rule should have been stronger, and the CFPB has put one very important question on the table for further comment, creating a risk of further slippage.”
AFR Memo on CFPB’s 2013 Mortgage Rules
With new rules for mortgage lending and servicing due to be issued soon, the Bureau faces an important opportunity to make the housing market work better for families and communities.
AFR Statement on Basel Liquidity Rules
International regulators have “effectively gutted” a requirement that was supposed to provide a crucial protection against financial instability.
AFR Statement on UBS LIBOR Price Fixing
“These actions run far too deep and are much too extensive to be written off as the behavior of a few ‘rogue traders.'”