In much of America, owning a car is necessary to participate in the economy, and to live a full and vibrant life. However, this ticket to opportunity comes at an increasingly steep price – as of 2021, Americans owe $1.42 trillion in auto loan debt.
AFR joined a letter to Congress in support of S. 4145, the Consumer Protection Remedies Act of 2022. This bill would restore the Federal Trade Commission’s (FTC) authority to stop misconduct in the marketplace, and critically, to provide timely refunds and equitable relief to victims of consumer fraud and deception.
Letters to Regulators: Comment Letter in Response to the FTC and DOJ’s Request for Information on Merger Enforcement
AFREF, joined by the Center for Economic Policy and Research and United for Respect, sent a comment letter responding to the FTC and DOJ’s request for information on merger enforcement. The letter calls on the agencies to to closely scrutinize and create presumptions to challenge acquisitions that employ leveraged buyouts and techniques like it.
AFR joined a letter to Congress in support of three crucial provisions of the Build Back Better Act that would strengthen the FTC’s hand against discriminatory and abusive data practices and the businesses that engage in them.
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.
AFR joined a letter calling on Congress to update the FTC’s enforcement tools under the FTC Act, Section 13(b).
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.
Letters to Regulators: AFR Education Fund sent a letter to the FTC opposing the Staples-Essendant merger
February 27, 2019 Americans for Financial Reform Education Fund commented on a Proposed Consent Agreement by the Federal Trade Commission (FTC) that will permit the merger of Staples and Essendant. In the letter, AFR Education Fund urged the FTC to follow the logic of its
AFR Statement: Statement on Appointment of Andrew Smith as Head of FTC Bureau of Consumer Protection
For its Head of Consumer Protection, the FTC chose a lawyer, Andrew Smith, who worked for both payday lenders and Equifax. The FTC needs a someone with a record of consumer protection, not yet another industry lawyer