Latest News
Showing the Latest Consumer Financial Protection Bureau (CFPB) Results
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Housing Wire: Mixed Reactions to Trump’s Push for Dodd-Frank Overhaul
“If anyone thought Trump filling his administration with Goldman Sachs executives wouldn’t result in financial policy that stacks the deck against hardworking Americans, this should finally dispel that notion,” Frisch said.
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Senate Trio Co-Sponsoring Bill That Would Cripple Consumer Bureau Has Taken $5.3 Million from CFPB Regulated Industries
These Senators have received more than $5 million from powerful financial interests to re-stack the deck against consumers.
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American Banker: Democrats Are Spoiling for a Fight Over the CFPB
”If Trump is foolish enough to take on the very government agency that works to wrestle money back from corrupt financial institutions on behalf of American consumers, then a fight he shall have,” said Karl Frisch, the executive director of Allied Progress, a progressive advocacy group.
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Group Backs CFPB Push for Panel Ruling in Politically Motivated Case Cheered by Wall Street
CFPB seeks to uphold historic consumer protections, reverse ruling of D.C. Circuit Court of appeals by Republican-appointed three-judge panel.
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Trump Must Keep His Promise: Reject Big Banks, Wall Street, and Powerful Special Interests
Allied Progress will make certain President-elect Trump keeps his word to protect hard working Americans from powerful special interests.
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The Times and Democrat: Payday Lending Stories Not Real
Eric Peters came out swinging (T&D, Oct. 1) against the Consumer Financial Protection Bureau’s effort to crack down on predatory payday lenders. To bolster his untenable position, he cited the purportedly personal stories of happy payday loan customers submitted to the CFPB and spotlighted by a payday industry-backed special interest group in Washington. Unfortunately, Peters failed to inform readers that hundreds, if not thousands, of the supposedly unique and personal payday loan-supportive stories he pointed to used many of the exact same sentences and paragraphs.
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Politico: Payday-Lending Crackdown Draws 1.4 Million Letters of Protest
“It’s very suspicious,” said Karl Frisch, executive director of Allied Progress, a left-leaning nonprofit. “We’re not just talking about language that’s nice to payday lenders. Or talks about a generic need for a payday loan. We’re talking about specific experiences that are repeated in letters.”
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Mortgage News Daily: What PHH v. CFPB Means For Us
But there are critics who point out that the divided court’s opinion was written by Judge Brett M. Kavanaugh, an appointee of former President George W. Bush and conservative stalwart whose jurisprudence has repeatedly provoked the ire of liberal groups.
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National Mortgage News: CFPB Structure Is Unconstitutional, Court Rules
Karl Frisch, the executive director of Allied Progress, an advocacy group, said he expects the CFPB will appeal and the decision will be overturned by the D.C. Circuit. He also criticized Kavanaugh for handing down what he described as a partisan ruling.
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Housing Wire: “A Good Day for Democracy” or a “Reckless Decision”: Mortgage Industry Reacts to Watershed PHH-CFPB Ruling
The left-leaning group Allied Progress called out the judges in the case and questioned the legitimacy of the decision. “This decision really was no surprise, Allied Progress Executive Director Karl Frisch said.