This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 28, 2012 – February 3, 2012.
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.
Read the pdf of our comment letter to the CFPB regarding private student loans here. January 17, 2012 Ms. Monica Jackson Office of the Executive Secretary Consumer Financial Protection Bureau 1500 Pennsylvania Ave., NW (Attn: 1801 L
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 7, 2012 – January 13, 2012.
Click here to view this week’s highlights and lowlights in Wall Street Reform – January 2, 2012 – January 6, 2012 (also with news from the end of 2011).
“Lisa Donner, executive director of Americans for Financial Reform, said in a statement after Obama’s recess appointment that ‘consumers won today when President Obama defied Wall Street interests to make a recess appointment’ of Cordray. Obama, she said, ‘stood with consumers and families in making this crucial decision.’ Now that the CFPB has a director, Donner went on to say, the CFPB “finally has its full authority to protect consumers everywhere in the financial marketplace, from a Wall Street bank to a payday lender or from a mortgage company to a credit bureau or anywhere else.'”