AFR in the News: No Get Out of Jail Free Card for Unaffordable Loans
AFR Executive Director Lisa Donner talks to NPR about the importance of holding mortgage lenders accountable for unaffordable loans.
Tag Archives: CFPB
AFR Statement on CFPB Mortgage Lending Rule
“[P]ortions of today’s rule should have been stronger, and the CFPB has put one very important question on the table for further comment, creating a risk of further slippage.”
AFR in the News: CFPB Readies New Mortgage Rules as Banks Seek More Time
The rules… are “likely to resemble” an October draft that “extended a legal safe harbor to loans issued at prime interest rates to borrowers whose total debt-to-income ratio doesn’t exceed 43 percent.”
AFR Memo on CFPB’s 2013 Mortgage Rules
With new rules for mortgage lending and servicing due to be issued soon, the Bureau faces an important opportunity to make the housing market work better for families and communities.
Military and Consumer Groups Seek Stronger Enforcement of Military Lending Act
Joint letter calls on Senate to approve Reed amendment giving enforcement authority to federal and state agencies.
AFR in the News: Responding to George Will’s Attack on the CFPB
“It was created… to protect families and the market from dangerous or explosive loans, the same way the Consumer Product Safety Commission protects against explosive toasters.”
Congressional Letter on Qualified Mortgages and Ability to Repay
In a letter to the Senate, 40 organizations ask the Senate to reject an amendment granting a legal safe harbor to all QM lenders.
AFR/NACA Webinar on Auto Lending Scams
On Nov. 8, 2012, AFR and the National Association of Consumer Advocates co-hosted this free webinar on abusive auto finance practices.
Banks Want Legal Immunity for Unaffordable Loans. Tell Your Senator “No Way.”
Bank lobbyists plan to make the most of the lame-duck session of Congress that gets underway after the election. Almost before anyone has a chance to notice, they hope to pass an amendment undermining a crucial piece of the Dodd-Frank Wall Street reform law —
WHERE THEY STAND ON FINANCIAL REFORM: Votes Cast and Measures Proposed in the 112th Congress
This new report (from the AFR Activism Fund) tracks a stream of efforts by members of the current Congress to undermine one of the major acts of the last Congress: the Dodd-Frank financial reform law. Since Dodd-Frank, Wall Street interests have lobbied to roll back