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Letters to Congress: AFR Urges House Members to Oppose S. 2155 in Order to Preserve Financial Protections.
May 18, 2018 – 3:16 pm | Comments Off on Letters to Congress: AFR Urges House Members to Oppose S. 2155 in Order to Preserve Financial Protections.

AFR sent a letter to members of the House of Representatives urging them to vote in opposition to the Bank Lobbyist Act.

TOWS/AFR Statement: New Poll Reveals Strong Public Support to Stop Lending Discrimination
May 11, 2018 – 2:39 pm | Comments Off on TOWS/AFR Statement: New Poll Reveals Strong Public Support to Stop Lending Discrimination

A new poll reveals overwhelming public support for government action to stop lenders from discriminating against borrowers of color. Lawmakers who voted to roll back the Consumer Financial Protection Bureau’s effort to guard against discrimination in auto lending were steering against the will of their own voters.

Take On Wall Street Poll: Voters Support Efforts to Fight Lending Discrimination
May 11, 2018 – 2:34 pm | Comments Off on Take On Wall Street Poll: Voters Support Efforts to Fight Lending Discrimination

Across parties and regions, American voters believe the government should fight discrimination by financial firms against African-Americans and Latinos in lending.

AFR Statement: Wall Street Money Hits $719 Million in 2017, Headed Past $2 Billion in this Election Cycle
May 7, 2018 – 6:00 am | Comments Off on AFR Statement: Wall Street Money Hits $719 Million in 2017, Headed Past $2 Billion in this Election Cycle

Wall Street pumped $719 million into the political process in 2017, a rate that puts it on pace to outstrip the record $2 billion it spent during the 2015-2016 campaign cycle, according to a new report by Americans for Financial Reform.

AFR Report: Wall Street Money in Washington in 2017
May 7, 2018 – 5:59 am | Comments Off on AFR Report: Wall Street Money in Washington in 2017

In the first twelve months of the 2017-18 election cycle, Wall Street banks and financial interests have reported spending $719 million to influence decision-making through campaign contributions and lobbying. That total works out to about $2.0 million a day. The financial sector is by far the largest source of campaign contributions in federal elections, and the third largest spender on lobbying

AFR Statement: Preserve Public Access to CFPB Complaint Database
May 1, 2018 – 11:49 am | Comments Off on AFR Statement: Preserve Public Access to CFPB Complaint Database

Making the database public makes it more useful and more visible, which in turn makes it more likely to be used, and to provide more valuable information to the Bureau and the public about consumer financial services.

AFR Statement: Consumers Need CFPB Director Nominee, Not Mulvaney’s Pay-to-Play
April 25, 2018 – 11:20 am | Comments Off on AFR Statement: Consumers Need CFPB Director Nominee, Not Mulvaney’s Pay-to-Play

Mick Mulvaney admits he favored lobbyists who gave him money as a lawmaker. He has no business running the CFPB, an agency devoted to the protection of consumers, not lobbyists.

AFR Statement: Weak SEC Proposal on Broker Standards
April 19, 2018 – 11:11 am | Comments Off on AFR Statement: Weak SEC Proposal on Broker Standards

Statement from Marcus Stanley, policy director, Americans for Financial Reform: “The proposal we heard described today does not come close to measuring up. The standard of conduct the agency has articulated appears ambiguous at best. It doesn’t simply ban the sales quotas and other compensation practices that lead brokers to put their clients into high-fee, lower-yielding investments.”