Category Archives: Statements and Press Releases

CFPB

News Release: Legal Experts: Payday Lender Arguments “Fell Flat”

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). 

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News Release: A Terrible Day in Court for the Payday Lending Lobby

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).

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News Release: Supreme Court Ruling Against CFPB Could Worsen Government Shutdowns 

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. 

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News Release: How a SCOTUS Ruling on CFPB this Term Could Destabilize Financial Markets

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.

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News Release: Consumer Bureau Announces Groundbreaking Plan to Protect Americans from the Devastating Effects of Medical Debt

WASHINGTON – D.C. – Consumer advocates at the National Consumer Law Center (NCLC), Community Catalyst, Americans for Financial Reform, National Association of Consumer Advocates, RIP Medical Debt, U.S. PIRG, and Colorado Center on Law and Policy cheer today’s announcement that the Consumer Financial Protection Bureau (CFPB) is proposing a prohibition on the reporting of all medical debts on credit reports. 

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News Release: Legal Experts on Supreme Court Case Threatening CFPB, Fed & Others

Americans for Financial Reform, the Constitutional Accountability Center, and the Center for Responsible Lending held a press call on Wednesday, Sept. 13, to preview one of the most important cases coming before the Supreme Court this term: CFPB v CFSA, a constitutional challenge to the funding structure of the Consumer Financial Protection Bureau (CFPB). Oral arguments in the case are scheduled for Oct. 3.

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