CFPB Report Makes the Case for Action on Payday Loans
As new data confirms, they frequently serve as debt traps, with borrowers unable to repay, taking out repeated loans, and struggling to cover basic living expenses for months on end.
Tag Archives: CFPB
AFR Statement: Senate Hearing Belies Claims, Exposes Agenda, of CFPB Critics
“This is about a minority that doesn’t want a watchdog that will keep an eye on the big banks to make sure they don’t cheat their customers.” – Senator Elizabeth Warren.
AFR Letter to CFPB Regarding Affordability in Private Student Loan Market
AFR joined public interest groups in submitting a comment letter to the CFPB, arguing that additional information regarding private student loan servicing and collection is needed to design an effective loan modification program.
AFR in the News: Fledgling Consumer Bureau Branches Out
Under huge pressure and intense scrutiny, the CFPB’s “execution has been pretty darned good,” says AFR ‘s Lisa Donner..
AFR in the News: The Dangers of Chicago’s “Transidebit” Card
Combing through a 1000-page contract, the Tribune found “some eye-opening fees.” Such as $2.95 for “reloading your account online using a credit card.”
Labor, Civil Rights, Consumer, and Business Leaders Call for Cordray Confirmation
43 Senators are using the confirmation process to extract major, weakening changes in CFPB governance and funding. “We call on the Senate to reject this outrageous tactic and bring Richard Cordray’s nomination to a swift up-or-down vote.”
AFR Statement on Banking Committee Vote for Cordray
“For the economy’s sake as well as the sake of financial consumers – which is all of us – the country needs a fully functioning CFPB, with a confirmed director.”
AFR in the News: Main Street’s Best Friend in Government
“Agencies like the CFPB only come around once in a century,” John Wasik writes on Forbes.com, citing AFR’s summary of the bureau’s work to date.
AFR Statement Urges Senate to Confirm Cordray as Director of CFPB
AFR released a statement calling for the confirmation of Richard Cordray as Director of the CFPB.
Public Interest Groups Support Confirmation of Richard Cordray as Director of CFPB
AFR signed onto a letter with national and statewide public interest groups supporting the confirmation of Richard Cordray as Director of the CFPB.