ColorOfChange, Working Families, Center for Popular Democracy and Americans for Financial Reform (AFR) delivered over 50,000 petitions urging Congress not to pass H.R. 1737, which would block the Consumer Financial Protection Bureau (CFPB) from working to fight discrimination in car loans.
“Supervision of nonbank auto financial institutions will bring much-needed attention to otherwise
lightly-regulated companies, will ensure compliance with consumer financial laws, and will
ensure that auto financing by banks, already subject to CFPB supervision, is not at a competitive
AFR and consumer groups decry a set of weak and flawed FTC rules for used car dealers.
On Nov. 8, 2012, AFR and the National Association of Consumer Advocates co-hosted this free webinar on abusive auto finance practices.
Below, read a summary of the Dodd-Frank law from AFR member Consumer Action. The landmark federal financial reform legislation (the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010) was designed to strengthen consumer protection of financial products and services, limit taxpayer liability for
Click here to see this information on the Demos site. July 15, 2010 By Caleb Gibson Heather C. McGhee Today, the Senate votes to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act, sending the landmark legislation to President Obama’s desk for signature next week. The
The Center for Responsible Lending has produced a comprehensive bill summary of Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which focuses on the Consumer Financial Protection Bureau. Click here for a pdf version of the document.
June 23, 2010 Dear House Conferee: While the Senate offer on the Consumer Financial Protection Bureau is generally good for consumers, there are a number of outstanding issues that need further enhancement. Our priorities for improving the Senate offer are as follows: Consumer Financial Protection
Professor Elizabeth Warren was on Fox Business yesterday to talk about financial reform and the need for a Consumer Financial Protection Agency that covers all lenders, including auto dealers. You can watch the video here or below. Watch the latest business video at video.foxbusiness.com
Washington Post: Auto Dealers are Part of the Problem, Need to be Included in Overhaul of Financial Regulatory System
The Washington Post published this commentary from Susan Weinstock of the Consumer Federation of America. Here is an excerpt: By Susan K. Weinstock Monday, June 14, 2010 Contrary to the commentary by auto dealer Tammy Darvish [“A fight on the front lines of the auto