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.
Tag Archives: CFPB
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
AFR in the News: Consumer Groups Ask CFPB to Scrap Mortgage Rules as Inadequate
In an Oct. 9th letter to the CFPB, AFR criticized the bureau’s proposed rule for mortgage servicers, especially a provision allowing servicers to take a “dual-track” approach – considering a loan modification and pursuing foreclosure at the same time. The letter, co-signed by the NAACP,
AFR Conference: Stacking the Debt – Consumer Rights in the Financial Marketplace
Americans for Financial Reform, Public Citizen, and the National Association Consumer Advocates held a briefing on the pervasive practice of mandatory binding arbitration in contracts for credit cards, student loans, payday loans, and assorted other financial products.
AFR in the News: Financial Watchdog Braces for Election
The Consumer Financial Protection Bureau won’t be on the ballot next month. Just the same, its continued vitality, if not its very existence, could turn out to rest on the election outcome, according to Janna Herron of Fox Business. “The bureau has quickly become the
AFR in the News: Consumer Complaint Database Producing Results
Commerce Bank hiked the interest rate on Mira Tanna’s credit card to 20 percent – without telling her. Once she figured out what the bank had done, realized what happened, Tanna decided to make use of the Consumer Financial Protection Bureau’s new online complaint database,
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.
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