In a little noted speech to his constituents in May, Paul Ryan decried the “crony capitalism” that he said, prompted the big bank bail-outs of 2008 (though he himself voted for the TARP, and he himself gets massive campaign contributions from big financial firms).
AFR’s Policy Director, Dr. Marcus Stanley, appeared on CNBC to discuss the benefits of regulation for consumers on CNBC.
FOR IMMEDIATE RELEASE CONTACT: Jim Lardner at 202-466-1854 Jim@ourfinancialsecurity.org The Consumer Financial Protection Bureau has moved forward with important protections for consumers who send money to relatives and friends overseas. Under the terms
AFR sent a letter to members of Congress urging them to oppose H.R. 2446. This legislation will exempt payments related to homeowner warranties (also known as home service contracts) from the Real Estate Settlement Procedure Act’s ban on kickbacks and referral fees. We believe exempting payments related to these products from the ban on kickbacks and referral fees would be harmful to consumers.
AFR sponsored an event celebrating the first birthday of the CFPB with Director Richard Cordray. The even was cosponsored by AFL-CIO, Consumer Action, Consumer Federation ofAmerica, Consumers Union, The Leadership Conference on Civil and Human Rights, National Community Reinvestment Coalition, National Fair HousingAlliance, and U.S.PIRG
Consumer advocates, civil rights groups, and community organizations across the country urged the Consumer Financial Protection Bureau to ban overdraft fees and payday loans on prepaid cards in numerous comments filed with the Bureau yesterday.
AFR and CFA sent a letter endorsing S. 3416, a piece of legislation which would enable the SEC to impose more meaningful fines on those who violate the securities laws and perpetrate fraud.
AFR sent a letter to members of Congress urging them to oppose H.R. 6139. This legislation would weaken consumer protection against financial abuses, undermine the authority of the CFPB over a huge swath of consumer financial products and services, and override state consumer protection laws through preemption.
AFR submitted a comment letter cosigned by more than two dozen other organizations urging them to ensure that prepaid cards will be safe, fair, and appropriate for the consumers that use them.
AFR sent a letter to members of Congress urging them to oppose H.R. 2827, This legislation would effectively eliminate new safeguards passed in the Dodd-Frank Act to protect taxpayers from financial exploitation. It must be rejected.