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.
Category Archives: Statements and Press Releases
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.'”
News Release: Federal Trade Commission Fails to Protect Used Car Buyers
AFR and consumer groups decry a set of weak and flawed FTC rules for used car dealers.
AFR Press Statement: Investor Advocates and State Securities Regulators Call on SEC to Rethink JOBS Act Rule
In a press-teleconference this afternoon, Arkansas State Securities Commissioner Heath Abshure, who is also president of the North American Securities Administrators Association, joined three investor advocates in sharply criticizing the Securities and Exchange Commission’s first JOBS Act rulemaking – one that allows the mass marketing
AFR Press Statement: SEC JOBS Act Proposal Fails to Address Investor Safety Concerns
Earlier today, the Securities and Exchange Commission (SEC) voted 4-1 to issue a proposed rule implementing the provision of the JOBS Act that allows the “general solicitation and advertising” (GS&A) of private stock offerings. Commissioner Luis Aguilar voted against releasing the proposal, pointing out that it did not include any of the enhanced protections suggested by commenters (such as CFA and AFR) to address the significantly increased investor vulnerability that will result from lifting the long-standing ban on these practices.
Consumer Federation of America Press Statement In Response to SEC Announcement Regarding JOBS Act Rulemaking
In a major victory for investors, SEC Chairman confirmed earlier today that the Commission was changing course and would follow the traditional rulemaking procedures – proposing a rule and offering an opportunity for public comment – before lifting the solicitation ban.
AFR Press Statement: Rushed JOBS Act Rulemaking Puts Investors at Risk, Advocates Warn SEC
AFR issued a press statement urging the SEC to abandone its rushed JOBS Act Rulemaking, which could put investors at risk.
AFR Press Statement: CFPB Stands Firm on Protections for Millions Sending Money to Family and Friends Overseas
FOR IMMEDIATE RELEASE CONTACT: Jim Lardner at 202-466-1854 Jim@ourfinancialsecurity.org The Consumer Financial Protection Bureau has moved forward with important protections for consumers who send money to relatives and friends overseas. Under the terms
Press Release: Advocates Urge CFPB to Ban Overdraft Fees and Payday Loans on Prepaid Cards
Consumer advocates, civil rights groups, and community organizations across the country urged the Consumer Financial Protection Bureau to ban overdraft fees and payday loans on prepaid cards in numerous comments filed with the Bureau yesterday.