They rip people off to the tune of tens of billions of dollars a year, punish people for not being rich with higher fees and higher rates, and worsen the racial wealth gap. The Consumer Financial Protection Bureau was created to stop this kind of abusive corporate behavior, and to hold financial companies accountable when they break the law.
Advocacy
Resources
-
Updates
Press Release: New Poll Finds Voters Across Parties Agree Earned Wage Access Payday Loan Apps Should Play by the Same Rules as Banks and Other Lenders
A new poll commissioned by Americans for Financial Reform and the Center for Responsible Lending found that 86 percent of voters across parties agree that financial technology companies should follow the same rules and regulations as banks and other lenders.
AFR in the News
-
American Banker: In Ongoing Records Purge, CFPB Deletes Supervisory Reports
Tom Feltner, associate director of consumer policy at AFR, said much of the content is no longer available or is inaccessible to the public, as well as to federal and state regulators. “Deleting this information wholesale is a step in the wrong direction,” said Feltner, who was a policy fellow and advisor at the CFPB…
-
The Guardian: Consumer protection agency deletes thousands of pages as Trump administration seeks to dismantle it
“This is a desire to delete the story of the CFPB up until now and to start telling a new story, that the CFPB is in the way of innovation and that the CFPB is hurting, rather than helping, consumers,” said Tom Feltner, associate director of consumer policy at Americans for Financial Reform. He previously…
-
Vital Law: LOANS—Consumer, civil rights groups urge Congress to oppose 100%+ APR bank loans
The signatories include national consumer and civil rights groups such as Americans for Financial Reform, the Center for Responsible Lending, the Consumer Federation of America, Public Citizen, and the National Consumer Law Center, along with state and local organizations from across the country.
