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.
Tag Archives: CFPB
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
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