CFPB Archives - Page 10 of 87 - Americans for Financial Reform

Blog: Big Banks Argue Discrimination is Fair and it’s Not Satire

Ask a reasonable person if discrimination on the basis of race or religion is unfair. The odds are good – very good, according to this AFR poll, – that you’ll get a resounding “yes,” a polite “of course,” or even an incredulous “are you kidding?” Yes. Discrimination. Is. Unfair. But if you try to convince big-bank lobbyists that discrimination is unfair, you won’t get a “yes.” You get a lawsuit, with multiple awful lines of attack, that stands a good chance of succeeding. And that’s not satire.

News Release: Bank Lobby Lawsuit Seeks Right to Discriminate in Providing Financial Services

WASHINGTON-D.C. — A lawsuit filed by the Wall Street lobby attempts to use the increasing corrosion of the judiciary by right-wing judges to enshrine in law a right to discriminate, according to Americans for Financial Reform, a broad coalition of organizations that includes civil rights and racial justice groups.

Letters to Regulators: Letter to the CFPB Requesting Rulemaking to Ban Medical Debt from Credit Reports

AFREF joined 91 coalition partners in sending a letter to the CFPB in support of banning all medical debt from consumer credit reports. The letter asks the CFPB to take a step further and address this issue by beginning the rulemaking process to ban medical for medically necessary services.

Letters to Regulators: Letter to the CFPB on the Need for Action to Limit Forced Arbitration

AFREF joined a letter to the CFPB urging it to take action on the ongoing issue of forced arbitration in consumer financial services/products.

Letters to Regulators: Letter to CFPB in Response to Inquiry on Employer-Driven Debt

AFREF joined a letter to the CFPB in response to their inquiry on employer-driven debt.

Letters to Regulators: Comment Letter to the CFPB on Employer-Driven Debt

AFREF sent a letter to the CFPB in response to their Request for Information regarding employer-driven debt.

In The News: Bank lobbyists’ attacks on CFPB obscure the real ‘rogues’ (American Banker)

Polling [from Americans for Financial Reform] has consistently found that the public likes having a strong CFPB. It’s why banking lobbyists try to harp on images of government bureaucrats telling people what to do. But the public on the whole appreciates that the financial services industry is massive and powerful; it put nearly $3 billion into the 2020 elections, [according to AFR research].

News Release: AFR Criticizes U.S. Chamber’s Attack on CFPB

WASHINGTON-D.C. — The irony of the U.S. Chamber of Commerce, which has numerous corporate lawbreakers among its members, complaining about a government agency busting corporate lawbreakers is almost too thick for words.

Blog: Structural Racism Flourishes in the Auto Lending Market

In much of America, owning a car is necessary to participate in the economy, and to live a full and vibrant life. However, this ticket to opportunity comes at an increasingly steep price – as of 2021, Americans owe $1.42 trillion in auto loan debt.

Letters to Regulators: Letter in Response to CFPB NPRM Regarding the Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking

AFREF joined a letter in response to the CFPB’s Notice of Proposed Rulemaking regarding the Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking.