Letters to Regulators: Letter to CFPB on Urging In-Language Outreach to LEP Consumers Facing COVID-19 Hardship and Expansion of Language Access in Mortgage Origination and Servicing
SAVE THE DATE: JOIN AFR ED FUND AT ITS ‘BIG BANK REGULATION UNDER THE TRUMP ADMINISTRATION’ CONFERENCE
View or download pdf. August 24, 2020 Director Kathleen Kraninger Consumer Financial Protection Bureau 1700 G Street, N.W. Washington, DC 20552 Re: Language Access Roundtable Discussion Dear Director Kraninger: Thank you for inviting us to participate in the Bureau’s July 29 roundtable discussion of issues facing limited English proficient (LEP) […]
Letters to Regulators: AFR Education Fund letter to the CFTC regarding proposed rule on Swap Execution Facilities and Trade Execution Requirement
Join us on May 21st for an analysis and discussion of the important developments in the regulation and supervision of large banks, and their effects on financial stability and economic security. View the details here, or below.
AFR EF Statement: Court Sides with Students Over DeVos’s Pro-Corporate Agenda
On March 15, 2019, Americans for Financial Reform Education Fund sent a letter to the Commodity Futures Trading Commission expressing several concerns regarding the agency’s “Swap Execution Facilities and Trade Execution Requirement” proposed rules. Read or download a PDF version of the letter.
Joint Letter: 8 Organizations Warn Regulators Against Bank Payday Loans and Rent-a-Bank Arrangements
FOR IMMEDIATE RELEASE October 16, 2018 CONTACT: Alexis Goldstein, firstname.lastname@example.org, 202-973-8005 Americans for Financial Reform Education Fund applauds the news that a court has rejected the for-profit college industry’s attempt to stop the 2016 Borrower Defense rule. Today, the United States District Court for the District of Columbia sided with students over Betsy Devos’s attempts to let […]
AFR Policy Brief: The Toys R’ Us Bankruptcy And Private Equity Predation
“Deposit advance” loans are payday loans, pure and simple, and data clearly show they create the same debt trap caused by non-bank payday loans. High-cost longer-term loans facilitated by banks and credit unions would also cause customers substantial harm. We also urge you to ensure that all financial institutions engaged in small dollar lending (1) […]
AFR Statement: AFR Criticizes Mulvaney Move to Manipulate Research, Curb Student Advocacy
AFR released the policy brief linked below concerning the role of private equity in the Toys R’ Us bankruptcy and the importance of taking action to limit private equity predation on the businesses they own. Toys …
AFR Statement: Closing the CFPB’s Office for Students is like shuttering the fire department in the middle of a fire
“What Mulvaney is really interested in is not serious research, but information that advances the interests of the Wall Street banks and predatory lenders he serves.”
“America is facing an ongoing student debt crisis, with outstanding student debt surpassing $1.5 trillion and over 8 million borrowers in default on their student loans. Closing the Office for Students is like shuttering the fire department in the middle of a three-alarm fire,” said Alexis Goldstein, senior policy analyst at Americans for Financial Reform.