Latest News
Showing the Latest Defending the Consumer Bureau Results
-
Trump CFPB’s Industry-Packed Task Force Predictably Offers Anti-Consumer Recommendations That Congress Should Roundly Reject
The Trump CFPB’s highly secretive, industry-packed Taskforce on Federal Consumer Financial Law released its recommendations for picking apart consumer protection laws today that no one outside of Wall Street lobbyists were asking for.
-
Trump CFPB Finalizes Rule Opening Floodgate to Debt Collection Harassment In Middle of Pandemic and Recession
Consumer watchdog Allied Progress renewed its calls on Trump Consumer Financial Protection Bureau (CFPB) director Kathy Kraninger to resign after the agency finalized its controversial proposed rule today allowing debt collectors to harass consumers with unlimited texts and emails without prior permission in the middle of a pandemic and recession.
-
Dodd-Frank Turns 10: Trump Administration’s Fair Lending Failures Underscore Need to Strengthen Law
On the ten-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, consumer watchdog group Allied Progress released a report spotlighting how the Trump administration has worked to undermine fair lending protections and — as the recent PPP program showed — how much work there is left to do to make our financial system accessible to all.
-
Official Leading The Effort To Roll Back Debt Collection Rules Promoted To Number Two At Consumer Bureau
On the same day the Consumer Financial Protection Bureau (CFPB) gutted its payday lending rule, debt collector advocate and corporate lawyer Tom Pahl has been named as CFPB Deputy Director.
-
Kraninger Should Resign After Furthering Predatory Lending in Middle of a Recession
Consumer watchdog group Allied Progress is calling on Trump CFPB Director Kathy Kraninger to resign after selling out millions of vulnerable Americans to predatory lenders as the economy continues to slip further into recession, especially in communities of color.
-
SCOTUS Sides With Industry Over Consumers, Undermines Consumer Bureau’s Independence
Consumer watchdog group Allied Progress blasted the U.S. Supreme Court’s ruling today that undermines the independence of the Consumer Financial Protection Bureau by allowing the President to fire the agency’s director for no reason.
-
As MegaBanks Post Massive Profits (Again), Everyday Americans Are Falling Behind
The biggest banks in America in the black by billions of dollars despite the Trump administration’s claims “overregulation” is impeding industry success.
-
As Congress Holds Hearing on High-Risk Leveraged Lending Trend That Threatens Another Financial Crisis, OCC Head Joseph Otting Hasn’t Lifted a Finger To Contain It
Leveraged lending has been called the “New Subprime Boom” and has grown substantially worse on President Trump’s watch.
-
‘Consumers First Act’ Passes House With Zero Republican Support
GOP members continue to put the big banks first.
-
Banking CEOs Fail to Ease Concerns Over the Return of Risky, Pre-Financial Crisis Practices
The Big Banks say everything is fine. The ever-mounting scandals say otherwise.