AFREF and 47 organizations submitted comments on the CFPB’s RFI on the Equal Credit Opportunity Act (ECOA) and Regulation B. Our comments urged the Bureau to take no action that would weaken the ECOA in any way and consider certain steps to improve and strengthen fair lending protections under ECOA to make it stronger and more effective tool for fighting credit discrimination.
Letter from 26 groups to the CFPB urging the agency to strengthen protections for LEP consumers in the next part of the debt collection rule.
The Treasury Secretary has the authority to drive an ambitious agenda for economic, racial, and climate justice, and to use financial regulation as an important tool of that work. As Yellen has herself noted in recent remarks, this moment of crisis has made it particularly clear that a new administration needs to not only undo the dangerous Trump administration deregulation of Wall Street, but also move well beyond the preceding status quo.
Kraninger should resign, but if she does not her record makes it overwhelmingly clear that the incoming administration needs to fire her as soon as President-Elect Joe Biden takes office on Jan. 20 and replace her with an acting director who will steer the CFPB back to fulfilling its mission.
Today, over 235 organizations sent a letter to President-Elect Biden and Vice President-Elect Harris, calling on them to use executive authority to cancel federal student debt on day one of their administration.
239 organizations signed a letter to President-Elect Biden and Vice President-Elect Harris, calling on them to use executive authority to cancel federal student debt on day one of their administration. The letter was led by Americans for Financial Reform, the Center for Responsible Lending, Demos, the National Consumer Law Center, and Student Borrower Protection Center.
77 organizations call on Education Secretary DeVos to extend the federal student loan suspension Today, 77 community, civil rights, consumer, and student advocacy organizations sent a letter to Education Secretary Betsy DeVos, urging her to extend the suspension of payments on federal student loans through September
On Oct. 19, AFR Executive Director Lisa Donner participated in a virtual conference organized by the Federal Reserve Bank of Minneapolis. Entitled “Empowering the public to assess large bank resiliency, the conference brought together leading experts to bank transparency to discuss how to maintain and improve transparency of the conditions of major banks.
AFREF joined several of our civil rights and other partners in opposing the Executive Order on Combating Race and Sex Stereotyping issued on September 22, 2020.
It has been more than ten years since the Obama Administration signed into law the Dodd Frank Act, a set of modest financial regulations that were meant to address the causes of the Great Recession. Since then many of the regulations have been weakened and whittled down. But a new poll finds strong public support, across the political spectrum for Wall Street to be held to account.