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AFR Statement: Consumer Groups Criticize SEC Investor-Protection Proposal During Agency Roundtable in Baltimore
September 20, 2018 – 6:15 pm | Comments Off on AFR Statement: Consumer Groups Criticize SEC Investor-Protection Proposal During Agency Roundtable in Baltimore

The SEC’s proposed “Regulation Best Interest” is anything but, a plan for creating a veneer of investor protection that would fail to chase bad practices out of the industry that cost savers $40 billion per year. Many savers fall victim to brokers who steer them into investments that pay lucrative fees but don’t generate the best possible return for investors.

AFR Education Fund, Friedrich Ebert Stiftung Paper: Reforming Bank Governance: Top-Down Reform and Bank Resistance
September 19, 2018 – 11:15 am | Comments Off on AFR Education Fund, Friedrich Ebert Stiftung Paper: Reforming Bank Governance: Top-Down Reform and Bank Resistance
Letters to Regulators: AFR Education Fund submitted a letter to the SEC regarding proposed amendments to the Whistleblower Program rules
September 19, 2018 – 10:55 am | Comments Off on Letters to Regulators: AFR Education Fund submitted a letter to the SEC regarding proposed amendments to the Whistleblower Program rules

Americans for Financial Reform Education Fund sent a letter to the SEC regarding proposed amendments to the Commission’s Whistleblower Program rules. While we generally support a few of the proposed amendments, we are concerned that …

AFR Report: Fall 2018 Congressional Voting Record on Where They Stand on Financial Reform
September 14, 2018 – 6:00 am | Comments Off on AFR Report: Fall 2018 Congressional Voting Record on Where They Stand on Financial Reform

Ten years after the financial crisis, a majority of members of Congress have voted again and again for bills pushed by the bank lobby that are dangerous for our financial stability, undermine consumer and investor protections, and enable racial discrimination in lending. The report, entitled “Where They Stand on Financial Reform,” lays out how each lawmaker voted.

AFR Report: Where They Stand on Financial Reform
September 14, 2018 – 5:59 am | Comments Off on AFR Report: Where They Stand on Financial Reform

This comprehensive guide details how members of the 115th Congress voted on bills and nominations related to financial reform.

U.S. PIRG Report: Protecting Consumers One Year After Equifax
September 13, 2018 – 4:36 pm | Comments Off on U.S. PIRG Report: Protecting Consumers One Year After Equifax

One year ago, Equifax announced the worst data breach in U.S. history, a breach that compromised the personal information of over 150 million consumers. Even though it has been a year since the breach, Equifax …

Letters to Congress: AFR urges opposition to 6 bills in today’s Financial Services Commitee markup.
September 13, 2018 – 9:43 am | Comments Off on Letters to Congress: AFR urges opposition to 6 bills in today’s Financial Services Commitee markup.

Americans for Financial Reform sent a letter to members of the House Financial Services Committee urging them to vote against 6 bills under consideration in today’s markup—HR 2128, HR 5534, HR 6021,HR 6741, HR 6743, …

Joint Letter: 28 organizations sent a letter to Congress urging opposition to HR 6743, The Consumer Information Notification Requirement Act
September 12, 2018 – 5:38 pm | Comments Off on Joint Letter: 28 organizations sent a letter to Congress urging opposition to HR 6743, The Consumer Information Notification Requirement Act

AFR joined 27 organizations in signing onto this letter drafted by US PIRG urging the House Financial Services Committee to oppose HR 6743, a bill that replaces an existing narrow preemption provision with a sweeping provision that could not only eliminate all state data breach notice, data security and other privacy laws as they apply to financial institutions as broadly defined, but also forestall further state innovation to protect their citizens from future privacy and data security threats. One year after the Equifax breach, we are especially concerned that the committee is considering weakening data security and data breach laws, instead of strengthening them or passing legislation to make companies like Equifax more accountable to their victims.