Earlier, several civil rights organizations noted watching with vigilance as Senate negotiations and, later, voting in both chambers took place. “We know that when the economy goes into decline, people of color always bear the brunt,” said Teresa Candori, communications director for the National Urban League. “We will be fighting to make sure the most vulnerable communities are not an afterthought.”
This action guarantees more than $2.5 billion over the next 10 years, including $850 million specifically for HBCUs,” the President stated.
The members discussed the passage of the Future Act, legislation that provides needed funding to Historically Black Colleges and Universities (HBCUs) and other educational institutions.
“…across the country, advertising – particularly on urban radio – tempts listeners with easy ways to get a loan against anticipated tax refunds. But just like other predatory lending products, what is advertised is not quite what consumers receive.
The unfortunate result for citizens is that we’re just not getting any value from this key office these days. The Dodd-Frank Consumer Protection and Wall Street Reform Act is clear as to the responsibilities given to CFPB. Under the previous director, billions of dollars were returned to consumers for a host of illegal and deceptive acts by predatory financial institutions. These achievements were accomplished with the support of a dedicated staff.