This information is courtesy of the Center for Responsible Lending. Issue: The Senate financial reform bill, S. 3217 – section 1044, gives the Office of the Comptroller of the Currency far too much power to override (“preempt”) state consumer protection laws. To avoid another financial
VOTE NO ON THE SHELBY CFPA SUBSTITUTE NO INDEPENDENCE, NO FUNDING FOR ENFORCEMENT, NO ENFORCEMENT OVER ANY BANKS NO AUTHORITY TO PROTECT FAMILIES Dear Senator, We write on behalf of the over 250 member organizations of Americans for Financial Reform to urge a No Vote
Read the full editorial here. It’s a springtime sales event for America’s auto dealers. Over the next week or so, they’ll toil feverishly to close deals — not with car buyers, but with members of the Senate in an effort get dealerships exempted from consumer protections
FOR IMMEDIATE RELEASE DATE: May 5, 2010 Americans for Financial Reform (AFR), including nation’s leading consumer groups, opposes the Shelby substitute (amendment #3826) to replace Title X of S. 3217, RAFSA, the Consumer Financial Protection Bureau, with a weak alternative VOTE NO, NO INDEPENDENCE, NO FUNDING
Preemption-Analysis of Senate provision
CFPA AG Enforcement
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