Statement of Privacy and Consumer Groups In Support of CFPB’s Use of Data
Statement of Privacy and Consumer Groups In Support of CFPB’s Use of Data
Tag Archives: CFPB
Public Interest Groups Applaud CFPB’s Work to Protect Equal Credit Opportunities for Minority Car Buyers
AFR joined more than a dozen public interest groups in applauding the recent activities of the CFPB aimed at ending discriminatory lending practices in the auto finance market that harm minority car buyers.
AFR Supports CFPB’s Proposed Guidance on Servicing Rules
AFR submitted a comment letter to the CFPB supporting their proposed guidance clarifying the relationship of their servicing rules to stronger state laws. The letter also makes suggestions for improvement.
AFR Weighs in on Defining Larger Market Participants for Student Loan Servicing
AFR joined public interest groups in weighing in on the CFPB’s proposal defining larger market participants for student loan servicing.
Priorities for the CFPB
AFR sent a letter to the CFPB commending their excellent work, and listing a set of issues that we feel should become priorities for the bureau in the future.
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.
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.”