AFR Statement: Banks Require Forced Arbitration But Won’t Defend It Publicly
Bankers response to Sen. Elizabeth Warren about use of forced arbitration and cite tired, old arguments. But they won’t say publicly they want the CFPB’s rule reversed.
News Category: Press Releases & Statements
AFR Statement: Equifax Data Breach Underscores Need to Curb Forced Arbitration
Congress should preserve CFPB’s rule curbing forced arbitration and abandon attempts to lighten regulation of credit bureaus in the wake of massive data breach at Equifax.
AFR Statement: Oppose Bills on Credit Scoring, Debt Collection, Fed Supervision
AFR opposes bills being considered by the House Financial Services Committee that are giveaways to credit bureaus, debt collectors and large banks.
AFR Statement: Oppose Quarles and Otting Nominations as Bank Regulators
The Senate should reject the Trump nominees for vice-chair of the Federal Reserve Board, Randal Quarles, and the Comptroller of the Currency, Joseph Otting.
AFR Statement: DeVos Decision to stop working with the CFPB is a betrayal of students and a boon to bad actors
The Department of Education’s decision to end information sharing with the Consumer Financial Protection Bureau (CFPB) is a betrayal of students and a boon to loan servicers with a history of preying on those students.
Letter to Regulator: AFR reiterates call for language access for homeowners
AFR Response to FHFA LEP RFI Maintaining information on language preference over the entire life of the loan is critical because borrowers need to interact with their lenders and servicers at many different times over the life of a loan. Further, we argued that universally used forms like the Uniform Residential Loan Application (URLA) and