CFPB Archives - Page 55 of 85 - Americans for Financial Reform

AFR in the News: Obama’s consumer bureau appointment raises political, legal stakes

“For many in the financial industry, much is riding on Republican efforts to force a reopening of the 2010 Dodd-Frank Financial Reform Law with the goal of giving Congress greater oversight and dispersing power at CFBP among members of a board rather than bestowing it all on a director. …But to leaders of Americans for Financial Reform, a coalition of 250 national consumer, labor, civil rights and senior citizens advocacy groups, the arrival of a leader is vital because CFPB is the ‘linchpin of the entire Dodd-Frank law,’ said Marcus Stanley, AFR policy director.”

AFR in the News: Obama names watchdog agency head via recess appointment

“President Obama stood with consumers and families in making this crucial decision,’ Lisa Donner, executive director of Americans for Financial Reform, said in a statement. ‘Now that the CFPB has a director, it 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.'”

AFR Press Statement: President Obama’s Recess Appointment of Richard Cordray

Consumers won today when President Obama defied Wall Street interests to make a recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau. President Obama stood with consumers and families in making this crucial decision.

AFR in the News: Thanks to Gridlock, Tax Prep Loans Live to Fight Another Day

“There is tremendous public support for holding Wall Street accountable, and for ending tricks and traps in the consumer financial marketplace,’ John Carey, spokesman for Americans for Financial Reform, said in a statement.

AFR Letter: Remittance Protections Must be in Compliance with Dodd-Frank

AFR joined Appleseed and the National Consumer Law Center in urging that the CFPB’s Final Regulations on remittances must deliver on Dodd-Frank’s promise of the new consumer protections and disclosures to protect people sending money overseas.

AFR in the News: Jonathan Riskind: Up at bat, Snowe and Collins balk – but why?

‘It is a little hard for me to understand because Congress debated, the president signed, they (Collins and Snowe) voted for the bill that included the creation of the bureau as one of its centerpieces,’ said Lisa Donner, executive director of Americans for Financial Reform, a coalition that includes consumer and civil rights groups and labor unions. ‘The bureau’s powers are significantly restrained until it has a director in place. So it is kind of going back and trying to undo what was done.’

This Week in Wall Street Reform

Click here to view this week’s highlights and lowlights in Wall Street Reform – December 10, 2011 – December 16, 2011. Note: This Week in Wall Street Reform will not be complied again until January 6, 2012.

This Week in Wall Street Reform

Click here to view this week’s highlights and lowlights in Wall Street Reform – December 3, 2011 – December 9, 2011.

AFR in the News: Consumers lose as GOP moves against nominee for new consumer bureau

“…As expected, Republican senators blocked a vote Thursday on whether to approve President Obama’s nominee to head the new Consumer Financial Protection Bureau. …A July poll sponsored by AARP, Americans for Financial Reform and the Center for Responsible Lending found that about 63% of Americans favored more government oversight of financial companies, and 74% favored having a single agency focus on protecting consumers from financial organizations.”

AFR in the News: Despite Defeat, Cordray Lobbying Continues

Before the vote, more than 200 organizations, led by Americans for Financial Reform, sent a letter to senators warning that the CFPB’s ability to regulate and protect consumers would be severely restricted without a director.