Consumer Financial Protection Bureau

News

Palmer Supports Stopping CFPB Auto Loan Regulations

By Brandon Moseley Alabama Political Reporter Wednesday, November 18, US Representative Gary Palmer (R-Hoover) announced his support for HR1737, the Reforming CFPB Indirect Auto Financing Guidance Act. This bill would revoke the Consumer Financial Protection Bureau’s (CFPB) 2013 auto lending guidance bulletin, which has hampered the availability of indirect auto loans (loans facilitated by car … Continued

November 19, 2015

Palmer Co-Sponsors Legislation to Repeal Consumer Financial Protection Bureau

By Brandon Moseley Alabama Political Reporter Wednesday, July 22, Congressman Gary Palmer (R-Alabama) announced that he is an original co-sponsor of HR3118, the Repeal CFPB Act, that was introduced this week by Rep. John Ratcliffe (R-Texas). Palmer said in a press release that this bill would repeal the misleadingly named Consumer Financial Protection Bureau … Continued

July 27, 2015

Southern Poverty Law Center and Alabama Arise Support President’s Actions on Pay Day Lenders

By Brandon Moseley Alabama Political Reporter On Thursday, March 26, President Barack H. Obama spoke in Birmingham to announce new regulations by the Consumer Financial Protection Bureau (CFPB). Alabama Arise and the Southern Poverty Law Center both released statements supporting the actions by the President. President Obama said to the crowd at Lawson State Community … Continued

March 27, 2015

Senator Shelby Says New CFPB is “Operating Behind Façade of Accountability”

By Brandon Moseley Alabama Political Reporter Senator Richard Shelby accuses Obama Administration of operating the Consumer Financial Protection Bureau without Congressional accountability. At a Senate Committee Hearing on the new CFPB, Senator Shelby said the CFPB headed by Richard Cordray, “is inconsistent with our Constitutional values to have so much power vested in the hands … Continued

February 1, 2012