They rip people off to the tune of tens of billions of dollars a year, punish people for not being rich with higher fees and higher rates, and worsen the racial wealth gap. The Consumer Financial Protection Bureau was created to stop this kind of abusive corporate behavior, and to hold financial companies accountable when they break the law.
-
Updates
Statement: AFR Statement Decrying the Trump CFPB Gutting of the Farm and Small Business Fair Lending Disclosure Rule
The Consumer Financial Protection Bureau released a final rule that will delay and severely undermine the farm and small business fair lending disclosure rule that will let unfair and discriminatory lending practices persist for years.
AFR in the News
-
American Banker: In Ongoing Records Purge, CFPB Deletes Supervisory Reports
Tom Feltner, associate director of consumer policy at AFR, said much of the content is no longer available or is inaccessible to the public, as well as to federal and state regulators. “Deleting this information wholesale is a step in the wrong direction,” said Feltner, who was a policy fellow and advisor at the CFPB…
-
The Guardian: Consumer protection agency deletes thousands of pages as Trump administration seeks to dismantle it
“This is a desire to delete the story of the CFPB up until now and to start telling a new story, that the CFPB is in the way of innovation and that the CFPB is hurting, rather than helping, consumers,” said Tom Feltner, associate director of consumer policy at Americans for Financial Reform. He previously…
-
Banking Dive: CFPB slims small-business borrower data collection rule
The nonprofit Americans for Financial Reform blasted the CFPB’s update, saying Thursday’s rule “will let unfair and discriminatory lending practices persist,” including “well-documented lending biases against Black, Latine, Indigenous and women farmers.”