News Release: AFR Applauds the Confirmation of Rohit Chopra to the CFPB
AFR applauds the confirmation of Rohit Chopra as Director of the CFPB.
Tag Archives: consumer protection
Letters to Regulators: Letter to FRB in Support of FedNow and Urging Consumer Protections
AFREF and 6 organizations sent a letter to the Federal Reserve Board expressing support for the development of the FedNow Service, the FRB’s real time payments system, and urging the Fed to build sufficient consumer protections into the system so that consumers and small businesses can safely use the system.
Letters to Regulators: Letter to FRB Urging Consumer Protections in FedNow
AFREF joined our colleagues in sending a letter to the Federal Reserve urging the inclusion of essential consumer protections in the rules and design of the FedNow service, the Federal Reserve’s real time payment system.
Letters to Regulators: Letter Commenting on HUD’s Mortgage Letter 2021-18
AFREF joined a letter to comment on HUD’s response to the COVID-19 pandemic through Mortgage Letter 2021-18. The letter calls on HUD to take further steps to ensure that its program operates as intended and that borrowers are able to obtain the relief they need to avoid unnecessary foreclosures.
Letters to Congress: Letter in Support of the Payment Choice Act of 2021
AFR joined a letter to the House of Representatives in support of the Payment Choice Act.
Letters to Congress: Letter in Support of the Consumer Protection and Recovery Act
AFR joined a letter to the House of Representatives in support of the Consumer Protection and Recovery Act. The bill would restore the Federal Trade Commission’s authority to provide refunds and equitable relief to victims of consumer fraud and deception, and to stop ongoing misconduct in the marketplace.
Letters to Regulators: Letter to the Federal Reserve on Access to Fed Master Accounts and Financial Services
AFREF submitted a comment to the Federal Reserve on its “Proposed Guidelines for Evaluating Account and Service Requests” urging the Federal Reserve to limit access to its payments systems to well-regulated and well-supervised depository institutions to safeguard rules that protect consumers, ensure the stability of the payments system, and require community reinvestment.
Letters to Regulators: Letter Asking for Restored Supervisory and Enforcement Tools in Mortgage Servicing Rules
AFREF, NCLC, NFHA and NHLP sent a letter to the CFPB, FRB, FDIC, OCC, NCUA and CSBS asking the agencies to update the April 3, 2020 Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the COVID-19 Emergency and the CARES Act to restore key supervisory and enforcement tools to incentivize servicers to properly handle applications for loss mitigation assistance and require servicers to send loss mitigation notices to borrowers, which are especially critical as forbearances come to an end in the coming months.
Letters to Congress: Letter in Support of the Veterans and Consumers Fair Credit Act
AFR and 68 organizations sent 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.
Letters to Regulators: Letter to the CFPB Calling for Strengthened Consumer Protections in Final Debt Collection Rules
AFREF joined a letter to the CFPB calling for greater consumer protections in their final debt collection rules.