Americans for Fairness in Lending
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March 6, 2007
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Americans for Fairness in Lending

 
Americans for Fairness in Lending

Americans for Fairness in Lending Civil Rights, Equality, and the CFPA: http://blog.affil.org/

Americans for Fairness in Lending
Source: blog.affil.org
President Obama’s proposal to create a Consumer Financial Protection Agency (CFPA) isn’t just a great way to protect consumers in general. It also has the potential to jump start effective enforcement of the nation’s fair lending laws, especially those that concern civil rights violations.
10 minutes ago
Ann Thomas

Ann Thomas I have a quote made by a banker in the first half of the 20th century. I will have to find it. Paraphrasing it said, "we have a responsibility to the peope in our communities..." what happened to that? Now they try to skin you alive....it' sad and unncessary. When is enough money enough??? while humanity suffers.

5 hours ago · Report
Americans for Fairness in Lending

Americans for Fairness in Lending Dangerous toasters recalled while toxic mortgages remain in the marketplace: http://blog.affil.org/2009/07/cfpa-advances-as-dangerous-toasters-are-recalled/

CFPA Advances as Dangerous Toasters are Recalled « Americans for Fairness in Lending
Source: blog.affil.org
Yesterday, the Obama administration sent Congress a proposed bill that would establish a Consumer Financial Protection Agency. The key points of the proposal are summarized in this informative press release and the complete 152-page bill is available here (pdf).
5 hours ago
Lynn R. Weeks

Lynn R. Weeks ...usury is obscene and a crime against humanity. Corporate robber barons,who only want MORE WILL NEVER BE SATISFIED. "A wise man knows when enough is enough"--Lao Tzu.

July 1 at 12:15pm · Report
D.H.
D.H. at 3:08pm July 1
I like that quote, Lynn. What really puzzles me is that the Christian Right, always quick to quote Scripture in support of morality legislation, is completely ignoring usurious lending practices. I guess it just doesn't have the "personal touch" that saving babies and bashing homos does.
Americans for Fairness in Lending

Americans for Fairness in Lending Foreclosure Prevention? Lenders Unresponsive to Loan Modification Requests - http://tinyurl.com/npvxla

June 30 at 1:02pm
Jami Smith

Jami Smith Will the Watchdog agency help those who already have private student loans?

June 30 at 10:52am · Report
Americans for Fairness in Lending
Americans for Fairness in Lending at 1:01pm June 30
We hope that a Consumer Watchdog Agency would help make sure student loans are regulated. Here's some new information about student loans from the NY Times: http://www.nytimes.com/2009/06/30/education/30college.html?em

You can see the NYT article about the new agency here: http://www.nytimes.com/2009/07/01/business/economy/01regulate.html and we'll try to post more about the specific proposal very soon.
Catherine Colombo

Catherine Colombo http://www.scribd.com/doc/16763183/TaibbiGoldmanSachs...........Great article by Matt Taibbi.

Taibbi-Goldman-Sachs
Source: www.scribd.com
Taibbi-Goldman-Sachs.
June 30 at 8:53am
Americans for Fairness in Lending

Americans for Fairness in Lending Coming soon to a city near you, the "Thanks for the Bailout, Suckers - Now Quit Whining" Tour - http://blog.affil.org/

Americans for Fairness in Lending
Source: blog.affil.org
In case you were tempted to think that the banks were finally coming to terms with the problems they’ve created for American consumers, think again. This time, they’ve hit a new low with the kick-off ...
June 29 at 2:01pm
Americans for Fairness in Lending

Americans for Fairness in Lending Lenders CAN be profitable without gouging consumers.

Credit Unions + Usury Cap = Still Profitable! « Americans for Fairness in Lending
Source: blog.affil.org
Harvard economic doctoral candidates Ryan Bubb and Alex Kaufman published this interesting op-ed in the New York Times yesterday. Their study of credit cards issued by credit unions dispels the industry ...
June 25 at 8:16am
Americans for Fairness in Lending

Americans for Fairness in Lending Is college worth the price tag anymore?

How Much Student Debt Is Too Much? - Room for Debate Blog - NYTimes.com
Source: roomfordebate.blogs.nytimes.com
With colleges slashing financial aid and family budgets squeezed, freshmen entering college in the fall will probably borrow more this year than last. As it is, the average level of student debt for the Class of 2007 was about $20,000, with borrowers at private colleges owing more than $25,000.
June 23 at 7:01am
Show 2 more comments...
Jacob
Jacob at 10:58am June 23
Considering all of the prospects for some with a HS Diploma it is unfesable to live off any of those jobs. However specializations such as HVAC and Phlebotomy seem to increase the likely hood of a living wage. Living wage however which doesn't exist at the basic minimum wage 40 + hrs job WHICH does not exist here. All this jumble basically leads ... Read Moreme to believe that accruing a manageable amount of debt would be well worth it. However I have yet to graduate with a degree so this is to be determined.
Catherine
Catherine at 12:01pm June 23
I concur!
Jami Smith

Jami Smith Can anyone enlighten me on what's bering done about PRIVATE STUDENT LOANS? The lenders won't work with borrowers and they're protected by the 2005 by bankruptcy reform...

June 18 at 9:31am · Report
Americans for Fairness in Lending
Americans for Fairness in Lending at 8:10am June 19
Hi Jami - the Consumer Watchdog agency would regulate the private student lending industry, which is a mess as you pointed out. Also you might be interested in this report from our Partner the National Consumer Law Center -

http://blog.affil.org/2009/04/report-shows-student-loan-holders-too-small-to-help/
Americans for Fairness in Lending

Americans for Fairness in Lending Sign our newest petition to fix the economy and protect consumers!

Change.org - Americans for Fairness in Lending: Tell Congress to Create a Consumer Watchdog Agency
Source: www.change.org
The renegade lending industry has brought our economy into the worst recession since the Great Depression.  But now there's a chance to fix our broken system.  Congress is considering creating a Consumer Watchdog agency! ...
June 18 at 6:44am
Catherine
Catherine at 9:34am June 18
I did listen to the speech and liked most of it, but, I am concerned with his desire to give the Federal Reserve more power. The reason is, the Fed Reserve is aware of every transaction or deposit which is made into an account holders checking account, even those under 10k, yet they never saw any red flags with the colossal sums of money that ... Read Morecredit card companies were issuing to it's cardholders? I simply cant believe they didn't know, but, rather, believe they turned a blind eye. We need a watchdog group for the Federal Reserve as well. To me this is one step forward and two steps back!!!!!!!!
Leona
Leona at 11:21am June 18
I'm concerned he wants to make agreements with other countries about currency/credit. I wish he'd put the VP in charge of overseeing our currency and shut the FED down like the constitution calls for..
Catherine
Catherine at 12:17pm June 18
Interesting, but, I'm not so sure that Biden is the man for the job either.
Americans for Fairness in Lending

Americans for Fairness in Lending Thanks to Denise Richardson for this great column about AFFIL!

Floridians can benefit big-time by becoming involved with AFFIL.
Source: weblogs.sun-sentinel.com
Previous entry: Pit Bulls: Ban bad dog breeders, not the dogs Next entry: Get in on the conversation at Barry Epstein Live Back to main page
June 12 at 1:01pm
Catherine Colombo

Catherine Colombo I am so tired of the continuation of lies......when will they come to an end?

Kucinich Grills Ken Lewis on Fed Emails
Source: www.youtube.com
Former Bank of America CEO, Ken Lewis, testified June 11, 2009 to congress about the BOAs merger with Merrill Lynch. During the hearing Rep. Dennis Kucinich, D-Ohio, challenged Lewis to be more forthcoming about his dealings with the Federal Reserve during the merger. ...
June 12 at 11:20am
Catherine Colombo

Catherine Colombo http://www.facebook.com/ext/share.php?sid=91473814925&h=x2BWq&u=iRkv2

Bank of America security giving me the finger during the Iraq war protest
Source: www.flickr.com
I started to take a photo of the Bank of America which had been closed because of the protest and they told me I wasn't allowed to. I explained I was on a public sidewalk. One of them gestured to an imaginaryline which they said was the Bank of America's And property. ...
June 10 at 11:08am
Loretta Salinas

Loretta Salinas http://www.centerforfoodsafety.org/

The Center for Food Safety - Home
Source: www.centerforfoodsafety.org
Join us by making a tax- deductible gift to further the work of CFS! Your donation helps us take actions to safeguard our food supply and the environment. Click here to support CFS using our secure, online form.
June 8 at 11:07am
Americans for Fairness in Lending

Americans for Fairness in Lending These MoveOn ads help explain why 51 Senators voted against bankruptcy reform (hint: see the dollar figure below). You can see how your Senators voted here: http://tinyurl.com/oqrd7b.

Ben Nelson - A Choice to Make
Source: www.youtube.com
MoveOn's new ad about Senator Nelson's choice to oppose bankruptcy reform. The bill in question would have kept millions of people in their homes, but Senator Nelson stood with Wall Street and voted against it.
June 8 at 10:44am
Americans for Fairness in Lending

Americans for Fairness in Lending There's a new Facebook Group working to stop the "Payday Lender Protection Act." (Okay, that's not the real name, but it should be.)

Stop H.R. 1214
Oppose H.R. 1214, the “Payday Loan Reform Act of 2009.” Although this bill shares the same title as H.R. 2871 in the last Congress, it will have the exact opposite impact on consumers. Last session’s ...
June 5 at 6:49am
AminahCarroll-
AminahCarroll- at 8:41am June 5
scary
Loretta
Loretta at 9:44am June 5
oh goodeness...
Americans for Fairness in Lending

Americans for Fairness in Lending

“Freecreditreport.com” Finally Has to Fess Up « Americans for Fairness in Lending
Source: blog.affil.org
There’s a new blog on the block, Fair Credit Reporting Act, run by Chris Kittell, a consumer attorney and member of our Partner the National Association of Consumer Advocates (NACA). The blog explains ...
June 4 at 7:14am
Mark
Mark at 7:57am June 4
I hate those jingles.
Mark
Mark at 8:06am June 4
It's about time!
Caroline
Caroline at 9:58am June 4
Yuk. This is totally fake all the way around. The website is a ripoff, the band ain't real, the songs suck. Some fat guy sings and this guy lip synchs. Monkee business! LOL.
Darlene

Darlene When will we address the big money maker/ consumer money robber
ATM cards with credit function that has no credit attached?!
old atm cards no money deniEd use. SIMPLE.
new atm cards no money banks allow "credit" charge wiThout attached credit to pay with -no alert till charges bounce, bounce, bounce!

my bank atm is not accurate (oh well nothing they can do, they say ) my bank will actually give money at window when pending charges mean there is none and bounce will happen (info also not avail at the windows, even to tellers) walk across carpet to new accounts yup pending charges show on your account you have 50c left. take that 20$ withdrawl and you'll likely have Several bounce charges.

Takes advantage especially of disabled and other fixed income folks!

Load of Doo!

June 3 at 9:18am · Report
Americans for Fairness in Lending
Americans for Fairness in Lending at 12:18pm June 3
Agreed - overdraft loans are predatory and unfair. You can write to Congress about this on out site at http://capwiz.com/affil/issues/alert/?alertid=13474196&PROCESS=Take+Action.
Americans for Fairness in Lending

Americans for Fairness in Lending Wow. And why did the Senate vote down the most effective way to prevent foreclosures again?

Foreclosure Starts Hit One Million So Far This Year - Yahoo! News
Source: news.yahoo.com
A dismal milestone was reached over the weekend: One million new foreclosures have been filed so far in 2009, according to estimates by the Center for Responsible Lending. This comes on the heels of a ...
June 2 at 8:04am
Dorothy
Dorothy at 12:29pm June 2
The part I like it that it's being reported, disclosed. We can do so much better.
Susan
Susan at 9:05am June 3
Yes, the banks obviously do not need the money since they are just holding on to it.
Americans for Fairness in Lending
Americans for Fairness in Lending at 12:59pm June 3
You can see the Roll Call votes here - http://tinyurl.com/oqrd7b. 51 Senators voted "No" against homeowners.
Americans for Fairness in Lending

Americans for Fairness in Lending Our Board member Janne O'Donnell is at the signing. Read Janne's story at www.affil.org/about/board, or watch Maxed Out. Congrats to everyone for this new law!

The White House - Streaming Video - The President Signs the Credit Card Accountability, Responsibili
Source: www.whitehouse.gov
WhiteHouse.gov is the official web site for the White House and President Barack Obama, the 44th President of the United States. This site is a source for information about the President, White House news and policies, White House history, and the federal government.
May 22 at 12:11pm
Americans for Fairness in Lending

Americans for Fairness in Lending Victory in Congress!

Credit card billcloser to Obama's desk
Source: money.cnn.com
Congress sends to President Obama a bill that cracks down on credit card fees and interest rates.
May 20 at 1:32pm
Leona
Leona at 4:26am May 21
Yea...now if Obama would only bring the effective date to sooner rather than later.
Susan
Susan at 9:05am June 3
I agree, and adding an interest cap of 15% would help too.
Americans for Fairness in Lending

Americans for Fairness in Lending

Credit CARD Act Passes the Senate « Americans for Fairness in Lending
Source: blog.affil.org
The Senate passed H.R. 627 today by a whopping 90 - 5. Congratulations to everyone who worked to pass these important consumer protections!
May 19 at 1:02pm
David
David at 1:13pm May 19
Our company helped to write this bill. It is only a small step, but also a BIG one!
Americans for Fairness in Lending

Americans for Fairness in Lending Colbert roasts the credit card companies!

Credit Check | May 11th | ColbertNation.com
Source: www.colbertnation.com
ColbertNation.com video - Credit card companies are part of an honest industry just trying to make 30% on a buck.
May 12 at 10:31am
David
David at 11:03am May 12
Outstanding!
David

David You would think that watching 14 of your colleagues lose their seats in the last four years would get Republicans in the Senate to change their behavior.

May 7 at 6:42am · Report
Americans for Fairness in Lending

Americans for Fairness in Lending Please sign our petition!

Change.org - Americans for Fairness in Lending: Urge the Senate to Reform Credit Cards!
Source: www.change.org
Credit card companies drain millions of dollars from hardworking American families with tricks and traps designed to ensnare people in everlasting debt.  Banks are legally allowed to change your ...
May 6 at 10:48am
Lynn
Lynn at 2:07pm May 6
Too late for me. They've already raised my interest rates, and lowered my available credit for NO REASON AT ALL other than they could, in anticipation of brakes being put on their usurous ways. The only way I'll ever be debtfree is if my credit death and disability insurance kicks in. I have 5 cards that now are 200-480/mo and bring home $353/wk. Do the math. Too funny.
Tom
Tom at 6:23am May 9
Welcome to my world. Truly.
Americans for Fairness in Lending
Americans for Fairness in Lending at 8:47am May 11
You can let us know if you've had a bad experience with credit cards - the media is always looking for horror stories. Email me at sarah@affil.org!
Americans for Fairness in Lending

Americans for Fairness in Lending The Senate voted in favor of 1.7 million foreclosures yesterday.
Find out what your Senators did here - http://capwiz.com/affil/vote.xc/?votenum=174&chamber=S&congress=1111&voteid=13258581&state=US.

Banks Beat Homeowners: Foreclosure Bill Killed In Senate
Source: www.huffingtonpost.com
The Senate on Thursday rejected an effort to stave off home foreclosures by a vote of 51 to 45. It was an overwhelming defeat, with the bill's backers falling 15 votes short -- a quarter of the Democratic caucus -- of the 60 needed to cut off debate and move to a final vote.
May 1 at 7:13am
Brad
Brad at 11:34am May 1
Can Americans ever catch a break?
Americans for Fairness in Lending

Americans for Fairness in Lending Sign the Petition to End Forced Arbitration! (aka Binding Mandatory Arbitration)

Fair Arbitration Now | Fair Contracts, Fair Courts
Source: www.fairarbitrationnow.org
Forced arbitration allows companies to play by their own rules and escape accountability when they harm consumers and employees.
April 27 at 10:46am
Americans for Fairness in Lending

Americans for Fairness in Lending Last night Stephen Colbert applauded the "Payday Loan Reform Act" because "now when someone is charged 780% interest, they'll still feel like a debt pineapple is being shoved ***, but they will have the comfort of knowing that that pineapple meets the strictest of federal guildelines." Watch and take action at http://capwiz.com/affil/issues/alert/?alertid=13149311.

The Word - Have Your Cake And Eat It, Too | April 14th | ColbertNation.com
Source: www.colbertnation.com
ColbertNation.com video - The Payday Loan Reform Act drags the payday loan industry out of the darkness and into the anemic firefly flicker of nominal oversight.
April 16 at 11:36am