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.
News Category: Press Releases & Statements
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
AFR Statement: Tax Cut Effort a Giveaway to Wall Street
Cutting corporate tax rates, a main purpose of the tax proposals would disproportionately benefit big banks. Goldman Sachs is a dominant voice in the Trump administration thanks to appointees like Treasury Secretary Steve Mnuchin and White House economic adviser Gary Cohn.
AFR Statement: Dismantling the gainful employment rule will unleash a new wave of waste, fraud, and abuse
“The Department of Education’s action today to eviscerate the Gainful Employment rule is a yet another example of Secretary Betsy DeVos working for wealthy for-profit college executives instead of students striving for a better life,” said Alexis Goldstein, Senior Policy Analyst at Americans for Financial Reform.
AFR Statement: House Vote on CFPB Forced Arbitration Rule a Victory for Big Banks and Predatory Lenders
House vote to roll back CFPB rule limiting forced arbitration aids big banks and predatory lenders while stopping ordinary Americans from getting their day in court.