Showing the Latest CFPB 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.
Predatory Lenders Profiting Off Struggling Families During Recession, A Reminder Why CFPB Shouldn’t Gut Payday Protections
While over 20 million Americans have lost their jobs amid a worsening recession, the payday loan industry appears to be thriving as it skirts state usury protections to target vulnerable families online with triple-digit interest rates.
NYT Bombshell: Trump CFPB Manipulated Research in Rush to Undo Payday Protections
Allied Progress calls on the Bureau to halt its plans to finalize the payday rule until Congress can conduct an investigation into these allegations.
Members Of Congress Ask For Inclusion Of Payday Lenders In SBA Paycheck Protection Program
If these members of Congress think payday lenders deserve a taxpayer bailout, perhaps they should go all the way and make sure the loan comes with a 400% interest rate, too.
What Pandemic? Trump CFPB Director Kraninger Readies Rules Enriching Trump’s Payday Lending Donors
Not even a pandemic and looming recession can keep Director Kraninger from empowering predatory lenders to rip off vulnerable consumers.