Public Interest Organizations Submit Comment Letter Regarding CFPB’s Servicing Standards Proposal
AFR joined more than 35 organizations in signing onto a comment letter regarding the CFPB’s servicing standards proposal.
Tag Archives: CFPB
AFR Comment Letter on CFPB Servicing Standards Proposal
AFR submitted a comment letter to the CFPB regarding their servicing standards proposal.
AFR Letter: Safeguard Consumers from Risky Online Payday Lending
[Download PDF] July 24, 2012 The Honorable Jeff Merkley United States Senate Washington, DC 20510 Dear Senator Merkley: We, the undersigned consumer and community organizations, write to support your legislation to protect consumers from high-risk lending on the internet and offline. The Stopping Abuse and
AFR Comment Letter to CFPB on High Cost Mortgage Loans
AFR submitted a comment letter to the CFPB on their proposed rules implementing Dodd-Frank changes regarding high cost mortgage loans. The letter argues against changing triggers for high cost loans for smaller loans which the statute allows but does not require, and argues that the proposal should be strengthened in various ways, including by making sure that borrowers in revolving lines of credit get the same protections as those in closed end mortgages.
Sign on Letter: Support CFPB’s Overseas Remittances Rule
AFR signed onto a letter supporting the CFPB’s overseas remittances rule, which requires remittance transfer providers to provide essential information to consumers about the actual amount of money to be received by their family in the foreign country. The rule makes remittance providers liable for agents acting on their behalf and includes an error resolution procedure to resolve problems.
AFR Celebrates the First Birthday of the CFPB
AFR sponsored an event celebrating the first birthday of the CFPB with Director Richard Cordray. The even was cosponsored by AFL-CIO, Consumer Action, Consumer Federation ofAmerica, Consumers Union, The Leadership Conference on Civil and Human Rights, National Community Reinvestment Coalition, National Fair HousingAlliance, and U.S.PIRG
Press Release: Advocates Urge CFPB to Ban Overdraft Fees and Payday Loans on Prepaid Cards
Consumer advocates, civil rights groups, and community organizations across the country urged the Consumer Financial Protection Bureau to ban overdraft fees and payday loans on prepaid cards in numerous comments filed with the Bureau yesterday.
AFR Letter: Oppose H.R. 6139
AFR sent a letter to members of Congress urging them to oppose H.R. 6139. This legislation would weaken consumer protection against financial abuses, undermine the authority of the CFPB over a huge swath of consumer financial products and services, and override state consumer protection laws through preemption.
AFR Comment Letter: Ensure Prepaid Cards are Safe and Fair to Consumers
AFR submitted a comment letter cosigned by more than two dozen other organizations urging them to ensure that prepaid cards will be safe, fair, and appropriate for the consumers that use them.
Dodd Frank Anniversary Poll: Three out of Four Voters Favor Strong Oversight of Wall Street
Financial reforms enacted in response to the financial meltdown remain popular with Americans likely to vote in 2012, a new opinion poll by Lake Research Partners shows. The poll was commissioned by AARP, the Center for Responsible Lending (CRL), Americans for Financial Reform (AFR) and the National Council of La Raza (NCLR). Saturday (July 21, 2012) marks the two-year anniversary of the Dodd Frank Act, which created the Consumer Financial Protection Bureau (CFPB).