Tag Archives: CFPB

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Senate Banking Committee Passes Financial Reform Bill

AFR Statement on Committee Passage Of Financial Reform Bill Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, released the following statement today on Chairman Dodd’s financial reform legislation: Heather Booth, Executive Director, Americans for Financial Reform: “We applaud Chairman Dodd

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CFPB Must Cover Check Cashers and Payday Lenders

This information is courtesy of AFR member Consumer Federation of America. Payday Lending should be covered by the Consumer Financial Protection Bureau! Payday lending is predatory lending. Loans are extremely expensive, made without determination of ability to repay, trap borrowers in debt, and put a

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CNBC Article on Consumers’ Attitude Toward New Legislation

CNBC reported that consumers are almost unanimous about the need for financial reform.  The article touched on different activist campaigns that are underway concerning the issue.  Also discussed was the resistance coming from organizations such as the American Bankers Association. Americans for Financial Reform was

The “Restoring American Financial Stability Act of 2010”

Washington, DC – Americans for Financial Reform, a coalition of over 200 groups, released the following statement today on Chairman Dodd’s financial reform legislation: Heather Booth, Executive Director, Americans for Financial Reform: “We applaud Chairman Dodd for moving forward towards passage of legislation to protect

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CFPA and Nonbanks: A Snapshot

Our friends at the National Consumer Law Center have put together a great two-page report on the dire need for federal regulation of non-bank lenders.  The report focuses on the problems created by the current lack of regulation of debt collectors and debt buyers, credit

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NPR: Soros Supports the CFPA

George Soros has made billions of dollars predicting the ups and downs of global financial markets.  In this discussion with NPR’s Steve Inskeep he strongly endorses the creation of a Consumer Financial Protection Agency (CFPA). Listen here.

Video: SNL Presidents Unite to Support the CFPA

Click here to watch!   Then call your Senators toll free (866-544-7573) and tell them to support financial reform. Will Ferrell, Fred Armisen, Chevy Chase, Dan Aykroyd, Dana Carvey and Darrell Hammond, the Saturday Night Live actors who have played every American president since Gerald Ford