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.”
“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.”
“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 released a statement calling for the confirmation of Richard Cordray as Director of the CFPB.
AFR signed onto a letter with national and statewide public interest groups supporting the confirmation of Richard Cordray as Director of the CFPB.
AFR submitted a comment letter to the CFPB calling for yield spread premiums to be included in the calculation of points-and-fees thresholds. This inclusion is very important to carrying out the Dodd-Frank Act directive that prohibits steering borrowers to more expensive loans.
Ed Mierzwinski of US PIRG (also the head of AFR”s consumer protection task force) appeared on WBUR-FM with a Washington Post reporter and a Heritage Foundation fellow.
AFR submitted a comment letter to the CFPB arguing for the need of rigorous consumer protections attached to any corporate field testing of new disclosure forms.
Senate leaders take a clear stand against the threat of what one Congressional scholar has termed modern-day nullification.
AFR sent a letter to members of the Senate urging them to support the confirmation of Richard Cordray as the full term director of the CFPB.
“These findings of widespread and damaging errors… underscore once again how important the [CFPB] is, and how important it is for the Senate to confirm Richard Cordray as Director.”