Letters to Regulators: Letter the CFPB Requesting it Open Consumer Complaints to PACE Loans
ARFEF joined a letter to the CFPB requesting it open its consumer complaint procedure to accept complaints about Property Assessed Clean Energy (PACE) loans.
Take Action: Put Employees on Boards
If you want to know how to run a company better, ask employees. But America’s corporate boards aren’t asking. The Reward Work Act requires that public companies allow one-third of their board to be elected by workers, to make for healthier decision-making.
Joint Letter: AFR, 55 other orgs support the PROTECT Students Act
Americans for Financial Reform joined 56 other organizations to express strong support for the PROTECT Students Act. This legislation would enact important protections for students and taxpayers
against predatory colleges that cheat students and leave them with large debts they cannot afford.
It also includes a far-reaching set of reforms to hold predatory colleges accountable
to both students and taxpayers.
News Release: Lobbyist Proposals Would Solely Serve Corporate Interests, Discarding Accountability
Corporate lobbyists have put together a set of plans aimed at making it easier for executives to serve nothing but their own narrow self-interests without any scrutiny, eliminating accountability to the shareholders who actually own the company.
AFR Report: Finance for a Fair Economy – Managing the Financial Cycle
The financial cycle is a concept developed by economists to understand the reasons why finance-driven growth can be self-defeating. Policymakers need to rebalance our response to recessions and financial crises to prevent any repetition of the experience of 2008-2009, in which benefits flowed to Wall Street, not ordinary Americans.
AFR Event: Wall Street And The Next Recession – Protecting Main Street In The Next Economic Downturn
In just a few months the current economic expansion will be the longest on record. But an increasing number of economists are predicting that it might be nearing its end. In preparing for an eventual economic downturn, what should be done to avoid the policy mistakes that made the 2008-2010 recession so devastating?
News Release: CFTC’s Derivatives Rule Opens A New Gap In Market Regulation
The requirement in the Dodd-Frank Act that major dealers in financial derivatives be regulated as such, and meet risk management and business conduct standards, is a direct response to derivatives market abuses that contributed to the 2008 financial crisis. The loophole created by today’s Final Rule could permit large-scale evasion of this requirement.
Stop The Debt Trap Announcement: Broad Coalition Opposes Proposal to Delay CFPB Payday Rule
Washington, DC – The Consumer Financial Protection Bureau (CFPB) has proposed delaying when payday lenders would need to comply with a 2017 rule on predatory payday lenders by 15 months. This would allow the industry to skip the common-sense requirement that it verify that a
Letters to Regulators: Coalition letter to the CFPB Regarding their Proposal to Delay the Rule on Small Dollar Lending
On March 18, 2019, Americans for Financial Reform Education Fund and a broad coalition of organizations submitted a letter to the Consumer Financial Protection Bureau expressing concern with their proposal to delay the rule on Small Dollar Lending by 15 months. Read or Download a
Joint Letters: Coalition Response to Crapo/Brown RFI on Data Privacy, Protection and Collection
Coalition response to Senate Banking Committee RFI