Oppose the Brownback amendment to exempt auto dealers from the CFPB. Data from several nationwide cases against the major auto lenders settled by the National Consumer Law Center and co-counsel from 2003 to 2007 showed widespread racial disparities, unrelated to credit risk, in the markups added by
Car Dealers Are Lenders/Creditors When the Consumer Gets both the Car and the Financing from the Dealer See this PDF for an example of a car loan. For the millions of consumers who get both the vehicle and financing at the dealership, auto dealers are “creditors.”
Senator Christopher Dodd United States Senate Washington, DC 20510 Re: Support Attorney General Enforcement and a Strong Role for States in S.3217, Restoring American Financial Stability Act Dear Senator Dodd, As you continue efforts to improve and achieve bipartisan support for S. 3217, the Restoring
FOR IMMEDIATE RELEASE DATE: May 3, 2010 As the first full week of debate begins on Financial Reform, danger lies ahead for the bill. The big banks, and their friends on the Hill, will do everything in their power to try to weaken or kill
Auto dealers are heading to Capitol Hill seeking a special carve-out from the “Restoring American Financial Stability Act of 2010” (S. 3217), which aims to put an end to the reckless practices of Wall Street and the abusive and discriminatory tactics by finance companies of
Daily Kos recently blogged about our webinar with Professor Elizabeth Warren and AFR’s other efforts, including a new partner site to fight back against the Chamber of Commerce’s lies. The blog entry says: In a conference call for Americans for Financial Reform this week, Elizabeth
On Monday, April 12, 2010, Ocean State Action hosted a press conference with RIPIRG, Direct Action for Rights and Equality (DARE), Local Initiatives Support Corporation (LISC), the Office of the Attorney General of RI and others, calling for the creation of an independent CFPA. The
On Tuesday, we hosted a successful webinar with Professor Elizabeth Warren, AFR Director Heather Booth, and Americans for Fairness in Lending. Thanks to everyone who was able to join us for this exciting online event! We had a great conversation and had tons of thoughtful
The New York Times understands that Elizabeth Warren has not only the qualifications but also the passion to ensure that the CFPB does what it was created to do–what Elizabeth Warren wanted it to do when she came up with the idea for such an
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