“Racially motivated discretionary auto dealer markups are a growing problem in the industry. As you know, in dealer financing, the dealer works with lenders interested in buying the credit contract. While the lender’s rate is based on the buyer’s credit profile, the dealer is given the authority to increase that rate and keep some or all of the difference as compensation. The additional charge is included in the interest rate, making it invisible to the buyer.”
“We are writing on behalf of Americans for Financial Reform to urge you to stand for consumers, businesses, and the public by fully funding the Commodity Futures Trading Commission. The CFTC’s role in regulating commodity markets is vital to businesses that use commodity markets to hedge risks, vital to the economic well-being of American families who rely on affordable prices for products like gasoline and food, and vital to overall financial stability. “
“On behalf of our millions of supporters across the country, we are writing to urge you to put in place a policy for the remainder of your term that would require new administration officials coming from the financial industry to forego compensation offered by their former employers in exchange for their decisions to enter into public service.”
“On behalf of our millions of supporters across the country, we are writing to urge you to put in place a policy for the remainder of your term that would require new administration officials coming from the financial industry to forego compensation offered by their former employers in exchange for their decisions to enter into public service.”
“On behalf of Americans for Financial Reform, the leading public interest coalition that supported enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) and its members, including the undersigned, we write both to explain the importance of the Act and to point out that, while numerous opponents of financial reform have challenged the act’s constitutionality, none have prevailed, in any court. “
Today, in a win for servicemembers—who are too often the targets of harmful lending practices—the Department of Defense announced finalized rules to close gaps in the Military Lending Act (MLA) regulations that have allowed for exorbitantly high-interest rate loans to persist for men and women in uniform. The MLA was passed in 2006 to cap
