“In issuing its proposed rule defining ‘larger participants ‘in the debt collection and consumer credit reporting markets the CFPB took an important step towards more accountability and fairness in the consumer financial marketplace.”
Click here to view this week’s highlights and lowlights in Wall Street Reform – February 11, 2012 – February 17, 2012.
Click here to view this week’s highlights and lowlights in Wall Street Reform – February 4, 2012 – February 10, 2012.
AFR sent a letter to members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit asking that they reject HR 2081 and HR 1355, two bills that would cripple the CFPB.
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 28, 2012 – February 3, 2012.
AFR signed onto a comment letter to the CFPB with 21 organizations recommending that they expand their excellent proposal to create a public database for credit card complaints to include actual complaint narratives, and suggestions to make it easier for researchers and the public to access the data as a pre-purchase tool to avoid problems and to help identify where troubling trends lie.
(Comments drafted by Consumer Action)
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 21, 2012 – January 27, 2012.
“Asked to evaluate Cordray’s performance, John Carey, spokesman for the consumer coalition called Americans for Financial Reform, said: ‘There are reasons that Director Cordray received a wide range of support, across the political spectrum, from those that know and worked with him in Ohio. He is fair, tough and thoughtful, and those traits were on full display yesterday.’”
“People in the US send more than $400 billion in remittances each year, hard earned dollars that are crucial for their families overseas. We applaud the CFPB for a rule that will provide clarity and confidence for consumers. This rule lets people compare prices and shop for the best service, and defend remittance senders’ rights if companies do not fulfill their obligations or if money is not delivered as promised.”
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 14, 2012 – January 20, 2012.