CFPB Archives - Page 14 of 87 - Americans for Financial Reform

Letters to Regulators: Comment on the CFPB’s ANPR Regarding Consumer Access to Financial Records

AFR joined a letter with our partners The National Consumer Law Center, Center for Responsible Lending, Consumer Action, Consumer Federation of America, and USPIRG commenting on the CFPB’s Advanced Notice of Proposed Rulemaking regarding consumer access to financial records. The letter responded to several questions from the CFPB to assist in developing a proposed rule to implement Section 1033 of the Dodd Frank Wall Street Reform and Consumer Protection Act. It called for a rule that would ensure control and protection for consumers accessing their own account data.

Letters to Regulators: Letter to the CFPB to Prevent Covid Foreclosures

AFREF joined a letter urging the CFPB to take immediate action to prevent a wave of Covid-19-related foreclosures, likely to be concentrated in low-income communities and communities of color.

News Release: AFR Applauds Nomination of Chopra to Lead CFPB

We applaud the nomination of Rohit Chopra to lead the CFPB. His commitment to consumer protection, his effectiveness at using the tools of government to serve the public interest, and his willingness to challenge powerful corporate interests when necessary are exactly what the Bureau needs to fulfill its crucial consumer protection mission.

Letter to Regulators: Letter Calls on Banking Agencies to Withdraw Proposed Rule on Supervisory Guidance

AFR Education Fund wrote a letter to banking regulators calling on them to withdraw a proposed rulemaking on the role of supervisory guidance. The letter criticized the new rule as unnecessary and potentially harmful, since it could limit the ability of bank supervisors to take

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JOINT RELEASE: CFPB’s Debt Collection Rule Misses Critical Opportunities to Protect Consumers

The Urban Institute has documented that, even before the COVID-19 pandemic, 31% of adults in the United States with credit reports have debt in collection. That number goes up to 42% for those residing in communities of color.

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Policy Recommendations: AFR Consumer Finance Priorities for 2021

AFR released policy recommendations to strengthen consumer financial protections and work towards reversing the damage caused by systemic racism, and products and systems that amplify inequality.

Letters to Regulators: Comment Letter to the CFPB on the Equal Credit Opportunity Act

AFREF and 47 organizations submitted comments on the CFPB’s RFI on the Equal Credit Opportunity Act (ECOA) and Regulation B. Our comments urged the Bureau to take no action that would weaken the ECOA in any way and consider certain steps to improve and strengthen fair lending protections under ECOA to make it stronger and more effective tool for fighting credit discrimination.

Letters to Regulators: Joint ECOA RFI Comment Letter to CFPB Improving Language Access for LEP Consumers

AFREF and members of our LEP Task Force submitted joint comments on how to improve language access for LEP consumers in response to the CFPB’s question on limited English Proficiency as part of its RFI on the Equal Credit Opportunity Act.

Letters to Regulators: Letter to CFPB on Need for Greater Debt Collection Protections for LEP Consumers

Letter from 26 groups to the CFPB urging the agency to strengthen protections for LEP consumers in the next part of the debt collection rule.

Report: Kraninger Lets Industry “Drive the Agenda” at CFPB, Even During COVID-19 Pandemic

Kathleen Kraninger, the current director of the Consumer Financial Protection Bureau, told an audience of bankers at a November 2019 industry gathering that “you are really helping drive the agenda.” Unfortunately for the public and for consumer financial protection, the Kraninger agenda and the Wall Street lobby’s priorities are indeed all too similar, even during the COVID-19 pandemic and massive economic distress.