AFR and partners sent a letter in support of the Small Business Lending Fairness Act, which protects small businesses from predatory lenders by ensuring their ability to defend their businesses in the justice system by codifying the ban on confessions of judgments in consumer and small business loans.
AFR and partners sent a letter in support of the package of debt collection bills to strengthen consumer protections for debt collection through broadening the FDCPA’s protections by expanding and clarifying the definition of debt and placing needed limits on collection efforts.
The development of a real-time, ubiquitous payment system is an especially complex, expensive undertaking. Because of the scale of the endeavor, and its potential to impact the American public as a whole, we firmly believe the Board is the appropriate entity to establish a universal 21st century payments system.
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.
View or download a PDF version of the letter. November 7, 2019 Dear Representative: We are writing on behalf of Americans for Financial Reform (AFR) concerning the reauthorization bill for the Commodity Futures Trading Commission (CFTC) that was passed last week by the House Agriculture Committee.[1] We are disappointed that this legislation does not sufficiently