consumer protection – Americans for Financial Reform https://ourfinancialsecurity.org Tue, 01 Jun 2021 17:24:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 https://ourfinancialsecurity.org/wp-content/uploads/2016/10/cropped-A-square-32x32.jpg consumer protection – Americans for Financial Reform https://ourfinancialsecurity.org 32 32 Letters to Congress: Letter in Support of the Veterans and Consumers Fair Credit Act https://ourfinancialsecurity.org/2021/05/letters-to-congress-letter-in-support-of-the-veterans-and-consumers-fair-credit-act/ Tue, 25 May 2021 17:18:37 +0000 https://ourfinancialsecurity.org/?p=32795 AFR joined a letter to Congress in support of the Veterans and Consumers Fair Credit Act, which would extend the Military Lending Act’s 36% interest rate cap on consumer loans to all Americans.

The post Letters to Congress: Letter in Support of the Veterans and Consumers Fair Credit Act appeared first on Americans for Financial Reform.

]]> Letters to Regulators: Letter to the CFPB Calling for Strengthened Consumer Protections in Final Debt Collection Rules https://ourfinancialsecurity.org/2021/05/letters-to-regulators-letter-to-the-cfpb-calling-for-strengthened-consumer-protections-in-final-debt-collection-rules/ Wed, 19 May 2021 19:06:04 +0000 https://ourfinancialsecurity.org/?p=32772 AFREF joined a letter to the CFPB calling for greater consumer protections in their final debt collection rules.

The post Letters to Regulators: Letter to the CFPB Calling for Strengthened Consumer Protections in Final Debt Collection Rules appeared first on Americans for Financial Reform.

]]> Letters to Regulators: Letter to the CFPB Re: Renewed Request to Rescind Language in April 1, 2020 CFPB Guidance Allowing CRAs and Furnishers to Exceed FCRA Deadlines for Disputes https://ourfinancialsecurity.org/2021/03/letters-to-regulators-letter-to-the-cfpb-re-renewed-request-to-rescind-language-in-april-1-2020-cfpb-guidance-allowing-cras-and-furnishers-to-exceed-fcra-deadlines-for-disputes/ Thu, 25 Mar 2021 14:54:10 +0000 https://ourfinancialsecurity.org/?p=32431 AFREF joined our partners in sending a follow-up letter calling on the CFPB to rescind its April 1, 2020 guidance allowing consumer reporting agencies and furnishers to exceed the dispute investigation deadlines under the Fair Credit Reporting Act. In the six months since we sent our last letter, the situation has only gotten worse, with nearly 26,000 more complaints submitted by consumers about delayed or nonexistent responses to credit/consumer reporting disputes. We urged the Bureau to revoke the guidance as soon as possible to prevent further consumer harm. 

The post Letters to Regulators: Letter to the CFPB Re: Renewed Request to Rescind Language in April 1, 2020 CFPB Guidance Allowing CRAs and Furnishers to Exceed FCRA Deadlines for Disputes appeared first on Americans for Financial Reform.

]]> Letters to Regulators: Comment on the CFPB’s ANPR Regarding Consumer Access to Financial Records https://ourfinancialsecurity.org/2021/02/letters-to-regulators-comment-on-the-cfpbs-anpr-regarding-consumer-access-to-financial-records/ Thu, 04 Feb 2021 15:07:53 +0000 https://ourfinancialsecurity.org/?p=32086 AFR joined a letter with our partners The National Consumer Law Center, Center for Responsible Lending, Consumer Action, Consumer Federation of America, and USPIRG commenting on the CFPB's Advanced Notice of Proposed Rulemaking regarding consumer access to financial records. The letter responded to several questions from the CFPB to assist in developing a proposed rule to implement Section 1033 of the Dodd Frank Wall Street Reform and Consumer Protection Act. It called for a rule that would ensure control and protection for consumers accessing their own account data.

The post Letters to Regulators: Comment on the CFPB’s ANPR Regarding Consumer Access to Financial Records appeared first on Americans for Financial Reform.

]]> News Release: AFR Applauds Nomination of Chopra to Lead CFPB https://ourfinancialsecurity.org/2021/01/news-release-afr-applauds-nomination-of-chopra-to-lead-cfpb/ Mon, 18 Jan 2021 15:20:08 +0000 https://ourfinancialsecurity.org/?p=31951 We applaud the nomination of Rohit Chopra to lead the CFPB. His commitment to consumer protection, his effectiveness at using the tools of government to serve the public interest, and his willingness to challenge powerful corporate interests when necessary are exactly what the Bureau needs to fulfill its crucial consumer protection mission.

The post News Release: AFR Applauds Nomination of Chopra to Lead CFPB appeared first on Americans for Financial Reform.

]]> News Release: FDIC Approves Rule Promoting Predatory Lending https://ourfinancialsecurity.org/2020/12/news-release-fdic-approves-rule-promoting-predatory-lending/ Wed, 16 Dec 2020 19:28:56 +0000 https://ourfinancialsecurity.org/?p=31687 The FDIC’s ILC rule threatens state-level consumer protections, further erodes the traditional separation between banking and commerce, and jeopardizes the safety and soundness of the financial system and the economy as a whole.

The post News Release: FDIC Approves Rule Promoting Predatory Lending appeared first on Americans for Financial Reform.

]]> Policy Recommendations: AFR Consumer Finance Priorities for 2021 https://ourfinancialsecurity.org/2020/12/policy-recommendations-afr-consumer-finance-priorities-for-2021/ Tue, 15 Dec 2020 23:21:23 +0000 https://ourfinancialsecurity.org/?p=31683 AFR released policy recommendations to strengthen consumer financial protections and work towards reversing the damage caused by systemic racism, and products and systems that amplify inequality.

The post Policy Recommendations: AFR Consumer Finance Priorities for 2021 appeared first on Americans for Financial Reform.

]]> Letters to Regulators: Comments on FDIC RFI on standard setting for fintechs https://ourfinancialsecurity.org/2020/09/31366/ Tue, 22 Sep 2020 15:49:06 +0000 https://ourfinancialsecurity.org/?p=31366 AFREF and Demand Progress submitted comments to the FDIC on setting standards for fintech companies.

The post Letters to Regulators: Comments on FDIC RFI on standard setting for fintechs appeared first on Americans for Financial Reform.

]]> NEWS RELEASE: Rollback of Payday Protections Enables Predator Profiteering Amid Health Crisis https://ourfinancialsecurity.org/2020/07/news-release-rollback-of-payday-protections-enables-predator-profiteering-amid-health-crisis/ Tue, 07 Jul 2020 17:00:26 +0000 https://ourfinancialsecurity.org/?p=30905 The director of the Consumer Financial Protection Bureau, Kathleen Kraninger, today announced the agency will strip out the core of a rule written and finalized under previous leadership that would shield consumers from debt trap payday and car-title loans. The decision will leave millions of people vulnerable to grave financial abuses at a time of economic crisis, and will harm people of color who are suffering higher rates of illness and of unemployment, and whom this industry targeted even before the pandemic.  

The post NEWS RELEASE: Rollback of Payday Protections Enables Predator Profiteering Amid Health Crisis appeared first on Americans for Financial Reform.

]]> Joint Letter: Letter to CFPB Asking for Suspension of All Regulatory Activity Unrelated to COVID-19 and Greater Consumer Protections During the Pandemic https://ourfinancialsecurity.org/2020/05/joint-letter-letter-to-cfpb-asking-for-suspension-of-all-regulatory-activity-unrelated-to-covid-19-and-greater-consumer-protections-during-the-pandemic/ Fri, 22 May 2020 14:09:26 +0000 https://ourfinancialsecurity.org/?p=30550 Letter from over 90 groups calling on the CFPB to stop all regulatory activity unrelated to COVID-19 and take greater steps to protect consumers during the pandemic.

The post Joint Letter: Letter to CFPB Asking for Suspension of All Regulatory Activity Unrelated to COVID-19 and Greater Consumer Protections During the Pandemic appeared first on Americans for Financial Reform.

]]>