Letters to the Regulators: AFREF Opposes Effort to Prevent CFPB Supervisory Transparency

AFREF sent a letter to the CFPB opposing proposed rescissions that would create blanket confidentiality for all CFPB orders and decisions about non-bank supervisory determinations that would strip away transparency for some of the riskiest and least regulated nonbank financial products. The post Letters to the Regulators: AFREF Opposes Effort to Prevent CFPB Supervisory Transparency […]

Read more
Letters to the Regulators: AFREF Opposes Effort to Eliminate CFPB Repeat Offender Database

AFREF sent a letter to the CFPB opposing its proposal to rescind a repeat offender database of nonbank enforcement and agency orders. This will help state and federal regulators, advocates, and the public identify repeat offenders and more easily spot patterns and practices of misconduct. The post Letters to the Regulators: AFREF Opposes Effort to […]

Read more
Fact Sheet: Slashing CFPB Budget to Fund Tax Cuts for Billionaires Would Gut the Agency, Increase Ripoffs and Fraud, and Let Financial Predators off the Hook

The Republican Congress has proposed severe budget cuts to the CFPB that prevents the agency from fulfilling its statutory mandates to protect people. The attempt to shut down the CFPB protects powerful banks, predatory lenders, and tech billionaires instead of standing up for people all to help pay for tax cuts for the rich. The […]

Read more
Letters to the Regulators: Letter Supporting a CFPB Proposed Rulemaking That Provides Relief to Victims of Coerced Debt

Americans for Financial Reform Education Fund (AFREF) submitted a comment letter supporting a Consumer Financial Protection Bureau’s advanced notice of proposed rulemaking (ANPR) to provide relief to victims of coerced debt The post Letters to the Regulators: Letter Supporting a CFPB Proposed Rulemaking That Provides Relief to Victims of Coerced Debt appeared first on Americans […]

Read more
Statement: AFR Submits Statement for the Record for House Hearing Attacking the CFPB

Congress created the Consumer Financial Protection Bureau to prevent another financial crisis, and for the past 14 years it has diligently served the public, held financial firms accountable, cracked down on junk fees, and protected people from financial rip-offs. The vehemence of the Wall Street, Big Tech, and predatory financial industry’s attacks on the CFPB […]

Read more
Amicus Brief: Chamber of Commerce v. CFPB Amicus Brief filed

Americans for Financial Reform recently joined Democracy Forward and several consumer protection organizations in an amicus brief in Chamber of Commerce v. CFPB, which was filed in the 5th Circuit in August 2024. This brief supports the CFPB’s 2022 clarification in its Supervision and Examination Manual that “discriminatory acts or practices” in the provision of […]

Read more
Letters to the Regulators: Letter to the Consumer Financial Protection Bureau, Urging Adoption of a Strong Personal Financial Data Rights Rule

View or download a PDF of the letter here Americans for Financial Reform Education Fund led 25 organizations in signing on to a letter calling on the Consumer Financial Protection Bureau (CFPB) to finalize and strengthen a proposed rule that would address a number of The post Letters to the Regulators: Letter to the Consumer […]

Read more
Letters to Regulators: Letter Supporting CFPB Safe Harbor for Credit Card Late Fees

AFREF joined a comment letter that strongly supports the CFPB’s proposed safe harbor of $8 for credit card late fees. The CFPB provided ample evidence that this amount is fair, reasonable, and proportional to the costs incurred by issuers for late payments. The post Letters to Regulators: Letter Supporting CFPB Safe Harbor for Credit Card […]

Read more
Letters to Regulators: Letter to the CFPB on Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders

AFREF joined a comment to the CFPB supporting the Bureau’s proposal to require nonbank covered persons that are subject to certain agency and court orders to register those orders with the CFPB. The registry will help the CFPB, law enforcement community, and the public limit the harms from repeat offenders. The post Letters to Regulators: […]

Read more
Letters to Regulators: Letters to the IRS and Treasury and the CFPB on Medical Debt

 AFREF joined two letters – one to the Internal Revenue Service (IRS) and Department of Treasury, and one to the Consumer Financial Protection Bureau (CFPB) – urging the Biden-Harris Administration to do more to relieve medical debt for tens of millions of people. The letters, signed by more than 60 organizations, include specific executive actions the administration can […]

Read more