CFPB Archives - Page 41 of 84 - Americans for Financial Reform

Joint Statement: AFR and 23 Public-Interest Groups Praise CFPB for Going Public With Firsthand Complaint Information

“For the first time, consumers will be able to learn the details behind complaints against a company filed with the CFPB. In addition to searching by product, company, and complaint category, consumers will be able to discover what the real problem was that motivated someone to complain… Researchers and companies will be able to better analyze marketplace practices that are posing the most difficult problems.”

Online Petition: More than a Quarter of a Million Americans Tell Congress to Defend the CFPB and Oppose Efforts to Weaken the Bureau or its Rules

In petitions delivered today to all 535 members of the new Congress, more than 274,000 Americans sound the alarm against continued efforts to undermine the Consumer Financial Protection Bureau, which was created by the Dodd-Frank Act of 2010 to bring basic standards of transparency and fairness to the banking and lending markets.

Letter to Regulator: AFR Comment on CFPB Amendments to 2013 Mortgage Rules

AFR submitted comments to the CFPB on the agency’s proposed amendments to its mortgage servicing regulations. AFR appreciates the CFPB’s attention to dealing with continuing problems facing borrowers seeking loan modifications, supports proposed steps to address them, and urges further changes to do so more effectively.

Letter to Congress: AFR Urges Congress Not to Weaken the CFPB

AFR sent a letter to members of Congress, urging them to oppose HR 1266, the “Financial Product Safety Commission Act of 2015.” This bill would change the structure of the CFPB; instead of being led by a single director, it would be headed by a Commission of five members, appointed by the President and confirmed by the Senate. This change in structure would reduce the Bureau’s effectiveness in standing up for the public interest, and reduce the accountability of its leadership.

AFR Statement: We Welcome the President’s Call for a “Student Aid Bill of Rights”

“AFR urges swift adoption of these changes, along with further measures to deal with the burden of student loan debt. The complaint system is one of a number of places we think steps can and should be taken ahead of the deadlines laid out by the Administration. While the Department is establishing a full system for dealing with complaints, which should be comprehensive, it should partner with the CFPB so that borrowers can immediately use that process to submit complaints about federal student loans (as they already can about private loans).”

AFR Statement: CFPB Makes a Compelling Case for Banning Forced Arbitration

“In its latest study of forced arbitration, the Consumer Financial Protection Bureau (CFPB) confirms what consumers and consumer advocates have long said about this practice: it is a private dispute system stacked against individuals seeking justice. AFR applauds the release of the CFPB’s report, and urges the Bureau to move forward swiftly with rulemaking to prohibit forced arbitration in consumer financial contracts.”

Press Release: Joint Letter Warns Congress Against Measures to Weaken CFPB

In a joint letter to Congress, Americans for Financial Reform and 340 organizations–state, local and national consumer groups, civil rights groups, faith-based groups, housing groups, labor unions and others–warn against efforts to “dismantle, weaken, or change the structure of the Consumer Financial Protection Bureau.”

Letter to Congress: AFR and 340 Organizations Urge Congress to Support the CFPB

AFR and 340 additional organizations sent a letter to members of Congress urging them to oppose any efforts to dismantle, weaken, or change the structure of the CFPB, which was established by Congress to ensure that markets work in an open, transparent, and fair way for consumers. Failure to appropriately regulate the consumer financial marketplace was a central cause of the financial crisis that devastated the U.S. and global economies; the CFPB is a shining success story of the efforts to correct the mistakes and close the gaps that led to that failure. The letter urges members of Congress to support the CFPB in fulfilling its consumer protection mission, rather than undermine it.

Joint Letter: AFR Joins 15 Organizations in Supporting Low Income Families, Opposing HR 650

“H.R. 650 would not expand access to sustainable credit and would not serve the interests of homeowners and communities. Instead, this bill would undermine already vulnerable homeowners by stripping away protections created by Congress and implemented by the Consumer Financial Protection Bureau.”

Letter to Congress: AFR and 43 Organizations Urge Congress to Support the CFPB

AFR and 43 additional organizations sent a letter to members of Congress urging them to oppose any efforts to dismantle, weaken, or change the structure of the CFPB, which was established by Congress to ensure that markets work in an open, transparent, and fair way for consumers. Failure to appropriately regulate the consumer financial marketplace was a central cause of the financial crisis that devastated the U.S. and global economies; the CFPB is a shining success story of the efforts to correct the mistakes and close the gaps that led to that failure. The letter urges members of Congress to support the CFPB in fulfilling its consumer protection mission, rather than undermine it.