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Statement to Congress: Oppose Proposals To End Independent Federal Reserve Funding
January 10, 2018 – 12:30 pm | Comments Off on Statement to Congress: Oppose Proposals To End Independent Federal Reserve Funding

AFR sent a statement to the House Financial Services Committee regarding proposals to end independent funding for Federal Reserve bank regulation and supervision.
AFR Federal Reserve Independent Funding

AFR Fact Sheet: Wall Street and the Tax Bill
December 22, 2017 – 10:16 am | Comments Off on AFR Fact Sheet: Wall Street and the Tax Bill

The briefing paper linked below uses Penn-Wharton and IRS data to show how the financial sector is a big winner from the passage of the Tax Cuts and Jobs Act, with almost $250 billion in …

AFR Statement: DeVos’s Education Departments is Predatory Companies First, Students Last
December 20, 2017 – 3:22 pm | Comments Off on AFR Statement: DeVos’s Education Departments is Predatory Companies First, Students Last

“The news of the Department’s scheme to grant only partial relief to scammed students is just one more piece of an abundance of evidence that the Trump Administration and the DeVos Department of ED care more for the proprietary institutions that break the law than they do for the students they defraud,” said Alexis Goldstein, Senior Policy Analyst at Americans for a Financial Reform. “For Secretary DeVos, it’s predatory companies first, students last.”

AFR in the News: Private Equity Cashes In On Payday Lending
December 17, 2017 – 11:04 pm | Comments Off on AFR in the News: Private Equity Cashes In On Payday Lending

“[I]t is a telling sign of just how dysfunctional the American economy has become that some of the nation’s biggest private equity firms are now heavily invested in the payday loan business and its slightly more respectable cousin, subprime installment lending. A new report from Americans for Financial Reform and the Private Equity Stakeholder Project details dozens of such arrangements involving some of the biggest names on Wall Street and the scuzziest operations on Main Street.”

Letter to Congress: AFR Opposes Multiple Deregulatory Bills Under Consideration by Financial Services Committee
December 12, 2017 – 11:00 am | Comments Off on Letter to Congress: AFR Opposes Multiple Deregulatory Bills Under Consideration by Financial Services Committee

AFR sent a letter to the House Financial Services Committee opposing multiple bills that would deregulate big banks and strip away investor protections.
AFR Letter Re HFSC 12-12 Markup

Letter to Congress: Reject H.R. 4508, a bill that favors corporations that abuse federal aid over students
December 11, 2017 – 3:55 pm | Comments Off on Letter to Congress: Reject H.R. 4508, a bill that favors corporations that abuse federal aid over students

The reauthorization of the Higher Education Act should be a real opportunity to help students; instead, the PROSPER Act makes their lives worse in nearly every aspect. It raises repayment costs for struggling borrowers, lets institutions that scam students off the hook, and narrows relief for defrauded students.

AFR in the news: House bill turns its back on students to favor corporations that abuse the federal financial aid system (NBC THINK)
December 11, 2017 – 3:17 pm | Comments Off on AFR in the news: House bill turns its back on students to favor corporations that abuse the federal financial aid system (NBC THINK)

“Rep. Virginia Foxx, R-Va., the chair of the House Education and the Workforce Committee, introduced a bill last week that sells out students to corporate interests ready to get rich off taxpayer-backed education dollars. A bill reauthorizing the Higher Education Act should be a real opportunity to help students; this one just makes their lives worse by raising repayment costs for struggling borrowers, letting institutions that scam students off the hook, and narrowing relief for defrauded students.”

Testimony: AFR Policy Director Marcus Stanley Testifies to HFSC On Deregulatory Bills
December 7, 2017 – 5:58 pm | Comments Off on Testimony: AFR Policy Director Marcus Stanley Testifies to HFSC On Deregulatory Bills

AFR Policy Director Marcus Stanley testified to the Financial Institutions subcommittee of the House Financial Services Committee on five pieces of proposed legislation.
Written Testimony:
Marcus Stanley Testimony To House Financial Services FI Subcommittee December 7 2017 …