The National Association of Consumer Advocates (NACA) explains why auto dealers must be covered by the Consumer Financial Protection Agency (CFPA). Download this information as a PDF. While the vehicles themselves have never been better, predatory auto sales and financing practices have never been worse.
Dana Milbank of the Washington Post published this column today, pointing out how much the nation’s bankers have to be thankful for as they sit down for Thanksgiving turkeys tomorrow. Here’s an excerpt: At this time last year, the American financial system was near collapse,
Have you ever waded through pages and pages of credit card contracts in an attempt to figure out what your interest rate will be? Have you overdrawn your account by a few cents, only to get slammed with a disproportionate fee? Would you be upset
According to TIME Magazine, the CFPA is the 19th best invention of 2009. Although it’s not yet reality, and it was conceived well before 2009, at AFR we appreciate the point. Read more here – and cast your vote on TIME’s sliding scale about how
Bloomberg wants Americans to know that Elizabeth Warren is an everyday-woman fighting a not-so-everyday battle to empower consumers. Click here to read the full article. Nov. 19 (Bloomberg) — In Elizabeth Warren’s world, credit card contracts would be so simple a teenager could read and
Americans for Financial Reform and our partners sent this letter (PDF) to Senators Dodd and Shelby this week regarding the need to treat auto dealers the same as other lenders under the CFPA: On behalf of our organizations we commend the Chairman’s introduction of a
Forty Attorneys General sent this letter (PDF) to Congress regarding the Consumer Financial Protection Agency. The AGs argued that the CFPA should not limit the states’ role in consumer protection. Excerpt: Rather than limiting the states’ role in consumer financial protection as some have advocated,
Download this information as a PDF. Use this when contacting Congress and asking for support for the Consumer Financial Protection Agency. Senate contact information: http://www.senate.gov/general/contact_information/senators_cfm.cfm House contact information: https://writerep.house.gov/writerep/welcome.shtml SCRIPT: Hi, my name is ____________ and I am calling from _________
Download this information as a PDF. Restore Confidence and Prevent Another Disaster: Support the Consumer Financial Protection Agency (CFPA), H.R. 3126 Problem: Seven different government agencies had the power to stop the reckless risk-taking that wrecked our economy, but they didn’t use it. Lax
Download this information as a PDF. The Consumer Financial Protection Agency would be a federal agency whose sole mission would be to protect consumer from dangerous financial products and practices. Why do we need the CFPA? Because no one is watching out for consumers.