AFR joined the National Consumer Law Center, Consumer Federation of America, the Center for Responsible Lending, and 26 other consumer and civil rights groups call for stronger measures to stop banks and payment processors from helping internet and tribal payday lenders collect illegal payments from consumers’ bank accounts.
AFR Policy Director Marcus Stanley participates in debate on ‘Smaller, Simpler Banks’ with Rodgin Cohen (Chair of Sullivan and Cromwell), John Dugan (former Comptroller of the Currency), and Randall Kroszner (University of Chicago; former Governor on the Federal Reserve Board). The debate was sponsored by the International Institute of Finance. As the only public interest representative at the debate, Dr. Stanley defending the need for simplifying and shrinking big banks.
AFR joined seven organizations in demanding that Barclay’s to pay the fines imposed by FERC for manipulating low income families into paying higher utility bills in time for the winter heating season.
AFR joined seven organizations in sending a letter to FHFA urging that they protect homeowners, investors, and taxpayers from costly force placed insurance abuses.
AFR joined public interest groups in signing onto two letters to Fifth Third Bank and Regions Financial Corporation calling on them to bring themselves in line with guidance from the federal regulators and discontinue their deposit advance products.
While many in Washington would rather stand pat or turn back the clock, Americans are strikingly united in wanting more financial reform, not less, according to a national survey of likely voters conducted this summer.