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 […]

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: […]

 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 […]

AFREF joined 91 coalition partners in sending a letter to the CFPB in support of banning all medical debt from consumer credit reports. The letter asks the CFPB to take a step further and address this issue by beginning the rulemaking process to ban medical for medically necessary services. The post Letters to Regulators: Letter […]

AFREF joined a letter to the CFPB urging it to take action on the ongoing issue of forced arbitration in consumer financial services/products. The post Letters to Regulators: Letter to the CFPB on the Need for Action to Limit Forced Arbitration appeared first on Americans for Financial Reform.

AFREF sent a letter to the CFPB in response to their Request for Information regarding employer-driven debt. The post Letters to Regulators: Comment Letter to the CFPB on Employer-Driven Debt appeared first on Americans for Financial Reform.

AFREF joined a letter to the CFPB in response to their inquiry into Buy Now, Pay Later (BNPL) credit products that are proliferating across market areas. The post Letters to Regulators: Letter in Response to the CFPB’s Inquiry into Buy Now, Pay Later appeared first on Americans for Financial Reform.