Joint Letter: AFR, consumer, labor, and economic justice groups urge the NAIC to strengthen best interest standard proposal
View or download PDF version.
AFR Report: Warren Endorses Need for Action on Wall Street Role in Home Rental Market
In the past 10 years, nine big Wall Street firms have fundamentally altered the rental landscape in their targeted cities across 13 states by eliminating the human aspects of the relationship between tenants and their landlord. In some areas, the largest SFR companies own a large percentage of all single family rentals in a given zip code – up to 12.5 percent in some areas.
Stop the Debt Trap Statement: Mulvaney Drops Lawsuit Against Payday Lenders Charging More Than 950% Interest
“This abrupt and reckless decision by Mick Mulvaney shows the level of disdain he has toward working families. He’s giving a free pass to his past campaign contributors, and he is enabling payday lenders to get away with charging obscene triple digit interest rates in violation of state law, to people who are already struggling to make ends meet.”
Letter to Congress: AFR Opposes A Dozen Deregulatory Bills Under Consideration at a House Financial Services Committee Markup
AFR sent a letter to the House Financial Services Committee opposing a dozen bills that would deregulate banks and strip away consumer and investor protections.
AFR Report: Wall Street and Single Family Rentals
Press call TODAY at 12 noon ET. For more information: carter@ourfinancialsecurity.org Report available in PDF form, or embedded below.
Stop the Debt Trap Statement: Mulvaney, Predatory Lenders Signal Plan to Kill Payday Lending Rule
“This move shows the level of influence that payday lenders have over Mick Mulvaney, who for years received campaign contributions while a member of Congress. With today’s announcement, Mulvaney is sending an unmistakable signal that he wants to kill this common-sense regulation.” Payday loans “trap borrowers in an unaffordable cycle of debt, causing severe financial harm such as bank penalty fees, delinquency on other bills, or even bankruptcy. There is no reason to reopen the rule, and doing so shows disdain for consumer protection and low-income communities that are targeted by these debt trap loans.”
AFR Release: Lawsuits Challenge Trump-Mulvaney Attempt to Take Over CFPB
Americans for Financial Reform and the Center for Responsible Lending hosted a press call today with leading experts to discuss two ongoing lawsuits concerning the CFPB director and the administration’s attempts to destroy the CFPB’s independence.
Statement to Congress: Oppose Proposals To End Independent Federal Reserve Funding
AFR sent a statement to the House Financial Services Committee regarding proposals to end independent funding for Federal Reserve bank regulation and supervision. AFR Federal Reserve Independent Funding
AFR Release: New Polling Memo Shows Debate On CFPB Is Political Winner
Fighting to preserve the mission of the Consumer Financial Protection Bureau resonates strongly with an American public that is still feeling the effects of the Wall Street-induced recession and its continuing ripoffs of its own customers, according to a new polling memo.
AFR Memo: Debate on CFPB Mission Strikes Positive Chord With Public
By overwhelming majorities, across party lines and geographies, the American public supports the mission of the Consumer Financial Protection Bureau, and rejects standard arguments against it.