The Consumer Financial Protection Bureau’s (CFPB) Personal Financial Data Rights Rule (Rule 1033) helps create a more consumer-friendly and competitive financial services marketplace by allowing people to easily and securely move their personal financial data between financial institutions. Prior to this rule, many banks and financial institutions limited how consumers could use their financial data, which made it difficult for people to comparison shop, manage money, use new technology, or switch accounts and service providers. With Rule 1033, people who wish to switch financial service providers can share their banking history and data from previous transactions in a secure manner, helping them more easily move between service providers.
As the focus on the American voter intensifies with the coming election, a new poll released today shows voters across the political spectrum overwhelmingly support the mission of the Consumer Financial Protection Bureau (CFPB), financial regulation generally, and a variety of specific CFPB actions, including efforts to limit credit card late fees, reduce overdraft charges,
The crypto industry paints a picture of crypto as a tool for financial inclusion and economic prosperity. However, when one looks at the actual numbers, the industry’s record tells quite a different story – one of fraud, crime, scams, and economic hardship. Straightforward facts and figures outline the scope and scale of financial loss and harm that the crypto industry has inflicted on consumers and investors in the U.S. and around the world.
A new survey by a bipartisan set of pollsters, Lake Research Partners and Chesapeake Beach Consulting reveals support for tough regulation of the financial services industry and acute alarm at Wall Street’s move to buy up health care companies. The poll, commissioned by Americans for Financial Reform and the Center for Responsible Lending, is consistent with a decade of
A new investigation reveals that the Carlyle Group has been quietly scooping up fossil fuel assets over the past decade, producing an estimated 277 million metric tons of CO2 emissions.
Private equity firms have become some of the country’s biggest corporate landlords. Americans for Financial Reform estimated that as of June 2022, at a minimum, private equity firms owned real estate rented by around 1.6 million families.
