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AFR Statement: Budget Takes Aim at CFPB and Student Loan Holders
May 23, 2017 – 10:52 am | Comments Off on AFR Statement: Budget Takes Aim at CFPB and Student Loan Holders

“Without exception, the proposals we’ve seen to de-fund or restructure the Consumer Financial Protection Bureau are about making it less effective at doing its job,” said Brian Marshall, policy counsel at AFR. “The agency has won relief worth $12 billion for 29 million Americans since it started work. All these proposed changes to the CFPB would do is make it easier for Wall Street and assorted predatory lenders to rip people off.”

Joint Statement: Another Step Forward for Retirement Savers
May 23, 2017 – 10:24 am | Comments Off on Joint Statement: Another Step Forward for Retirement Savers

From a statement by the Save our Retirement Coalition: “Retirement savers need an enforceable fiduciary standard and a Department of Labor that is prepared to hold firms accountable for compliance. Until the full complement of rule requirements takes effect, their hard earned savings will continue to be at risk as a result of conflicted advice from financial professionals who put their own financial interests ahead of their customers’ best interests. Yesterday’s decision was an important step forward, but there is still a long road ahead.”

Joint Letter: Open Letter to Acosta Urging Strong Fiduciary Rule Without Delay
May 19, 2017 – 11:34 am | Comments Off on Joint Letter: Open Letter to Acosta Urging Strong Fiduciary Rule Without Delay

In the face of supporting evidence described above, in addition to harming retirement savers, the Department would be exposing itself to significant legal risk to change course and further delay the Rule now.

AFR in the News: Trump to propose scrapping beleaguered student loan forgiveness program (MarketWatch)
May 18, 2017 – 2:10 pm | Comments Off on AFR in the News: Trump to propose scrapping beleaguered student loan forgiveness program (MarketWatch)

“Alexis Goldstein, a senior policy analyst at Americans for Financial Reform… described the idea of eliminating the program as ‘horrifying,’ noting that… borrowers are struggling to manage their student debt, pushing them to put off home-buying and other financial milestones. Eliminating a forgiveness program would only make that worse, she said. ‘It seems both ill-conceived from a policy perspective and just cruel.’”

AFR Letter: Oppose the Regulatory Accountability Act
May 17, 2017 – 9:17 am | Comments Off on AFR Letter: Oppose the Regulatory Accountability Act

Throwing up elaborate procedural hurdles isn’t a recipe for to good government. It’s a deliberate plan for increasing the control that Wall Street’s lobbyists have over government decision-making at the expense of the public interest.

Letter to Congress: Americans for Financial Reform opposes five bills before HSGAC
May 16, 2017 – 8:29 pm | Comments Off on Letter to Congress: Americans for Financial Reform opposes five bills before HSGAC

“…These bills would further complicate, confuse, and delay the regulatory process; further advantage regulated industries over the public interest; and make it impossible for regulators to act effectively against Wall Street recklessness and abuse of consumers.”

Letter to Regulators: AFR Calls on CFTC To Strengthen Risk Controls for Derivatives Dealers
May 16, 2017 – 2:04 pm | Comments Off on Letter to Regulators: AFR Calls on CFTC To Strengthen Risk Controls for Derivatives Dealers

The full letter is linked below:
Americans for Financial Reform Comment Swaps Entity Capital and Liquidity Requirements

Letter To Congress: AFR, 63 Groups Oppose Regulatory Accountability Act
May 16, 2017 – 2:02 pm | Comments Off on Letter To Congress: AFR, 63 Groups Oppose Regulatory Accountability Act

 
On behalf of the undersigned 63 organizations, we are writing to express our strong opposition to S. 951, the “Regulatory Accountability Act”, and to urge you to oppose this bill. The Regulatory Accountability Act (RAA) …