Friday was officially Director Kathleen Kraninger’s second anniversary as Director of the Consumer Financial Protection Bureau (CFPB). The second year of Director Kraninger’s tenure has been marked with unprecedented challenges as the American people dealt with the COVID-19 pandemic and the economic disruption it has caused for businesses and consumers alike.
During the pandemic, the CFPB created a coronavirus resources page to provide information for consumers and companies regarding available relief options. The page includes guidance for small businesses and employers, along with tips on managing your finances and avoiding scams. In addition, the CFPB, Department of Agriculture, Department of Housing and Urban Development, Department of Veterans Affairs, and the Federal Housing Finance Agency launched a federal interagency housing website dedicated to providing consumers with information on all the mortgage and housing assistance available during the COVID-19 pandemic.
At the onset of the pandemic in March 2020, the American Financial Services Association similarly created a COVID-19 resources page for members to easily access federal and state resources. The resource page also outlines AFSA’s ongoing efforts on the federal and state level to advocate for the consumer finance industry and their customers.
Friday was officially Director Kathleen Kraninger’s second anniversary as Director of the Consumer Financial Protection Bureau (CFPB). The second year of Director Kraninger’s tenure has been marked with unprecedented challenges as … Read the rest
AFSA Comments on Electronic Service
Dec 09, 2020
This week, Federal Reserve (Fed) Chairman Jerome Powell and U.S. Treasury Secretary Steven Mnuchin testified before the Senate Banking Committee and House Financial Services Committee to discuss the federal government’s response to … Read the rest
The Consumer Financial Protection Bureau (CFPB) yesterday released a new suite of resources for consumers who may have difficult making mortgage payments as a result of the coronavirus pandemic.
AFSA encourages its members to share the … Read the rest
The objectives of the bipartisan, bicameral legislation, Jobs and Neighborhood Investment Act, are laudable. These bills, H.R. 7709 and S. 4255, direct billions in new investments to help low-income and minority communities withstand… Read the rest
ICYMI | AFSA Locked In During Lock Down
Jun 09, 2020
AFSA has been working hard during the coronavirus pandemic to protect access to consumer credit and choice. To the left are some of the many initiatives that AFSA has undertaken. On the AFSA Extra Credit Podcast, recorded last wekk, we spoke… Read the rest