Coalition letter urging the Federal Reserve to build in strong consumer protections into the design of its new real-time payment system
A coalition of 61 consumer, civil rights, and community groups today sent letters to three federal bank regulators urging them not to allow their banks to help payday lenders evade state interest rate limits.
The AFR Education Fund wrote to the FDIC urging them to maintain comprehensive disclosure requirements for securitizations that are backed by depository banks. The agency is proposing to exempt private offerings from these requirements. Most of the toxic mortgage securitizations sold prior to the financial crisis were private offerings.
The 45 undersigned consumer, housing, civil rights, labor, and community organizations write to express our strong opposition to the proposed changes to the disparate impact standard (“Proposed Rule”) as interpreted by the U.S. Department of Housing and Urban Development (“HUD”).
A coalition of 27 civil rights, community, consumer and other groups challenges CFPB’s consideration of reducing home lending disclosure, a critical tool to stop lending discrimination and hold banks accountable for their record of lending to communities of color and lower income neighborhoods.
Short Joint Coalition Letter: You can view or download the PDF of the letter here Long Joint Coalition Letter: You can view or download the PDF of the letter here Student Debt Letter: You can view or download the PDF of the letter here Medical Debt
AFR Ed Fund and 230 consumer, civil and human rights, labor, community and legal services organizations from all 50 states and the District of Columbia submitted comment on the Consumer Financial Protection Bureau’s (CFPB or Bureau) proposed debt collection rules.
AFR Ed Fund and thirty-three other organizations submitted the following comments in response to the Consumer Financial Protection Bureau (CFPB)’s notice of proposed rulemaking (NPRM) on Debt Collection Practices (Regulation F).
On September 18, 2019, 43 organizations submitted a comment letter to the CFPB about the need for greater protections for Limited English Proficient (LEP) consumers in the debt collection process.
On September 10, 2019, 17 civil rights, consumer and housing advocacy organizations sent a letter to the CFPB addressing QM and urging the Bureau to take additional steps to preserve access to affordable homeownership with adequate consumer protections in place.