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Letters and Statements

AFR Statement: New Report on Goldman Sachs and the Trump Administration
October 10, 2017 – 9:12 am

The New York investment bank has had other periods in the sun, but never before have its priorities been so hardwired into an administration in Washington. The report details Goldman’s interests in areas of public policy including financial regulation, tax cuts and infrastructure.

AFR Statement: Stop Senate Rush to Roll Back Protection from Forced Arbitration
September 25, 2017 – 5:32 pm

This rush toward a vote in the Senate is a cynical attempt to roll back an important consumer protection before anyone gets straight answers from Equifax and Wells Fargo about the damage they’ve done to the financial lives of millions of Americans.

AFR Statement: Delay of Fiduciary A Ripoff of Retirement Savers, Gift to Wall Street’s Financial Advisers
September 15, 2017 – 10:39 am

Retirement savers need the fiduciary rule, fully enforced, to help ensure they can enjoy a dignified retirement. See the story of Steve Wingate to learn what happens without this common-sense protection.

SOR Statement: Don’t Delay the Fiduciary Rule, Protect American Retirement Savers
September 15, 2017 – 10:31 am

Members of the Save Our Retirement coalition speak out forcefully against the Department of Labor’s proposed delay of the fiduciary rule, a common-sense protection that would ensure savers get the best advice possible.

AFR Statement: Banks Require Forced Arbitration But Won’t Defend It Publicly
September 12, 2017 – 12:27 pm

Bankers response to Sen. Elizabeth Warren about use of forced arbitration and cite tired, old arguments. But they won’t say publicly they want the CFPB’s rule reversed.

AFR Statement: Oppose Bills on Credit Scoring, Debt Collection, Fed Supervision
September 8, 2017 – 4:54 pm

AFR opposes bills being considered by the House Financial Services Committee that are giveaways to credit bureaus, debt collectors and large banks.

AFR Statement: Oppose Quarles and Otting Nominations as Bank Regulators
September 7, 2017 – 11:37 am

The Senate should reject the Trump nominees for vice-chair of the Federal Reserve Board, Randal Quarles, and the Comptroller of the Currency, Joseph Otting.

AFR Statement: DeVos Decision to stop working with the CFPB is a betrayal of students and a boon to bad actors
September 5, 2017 – 2:53 pm

The Department of Education’s decision to end information sharing with the Consumer Financial Protection Bureau (CFPB) is a betrayal of students and a boon to loan servicers with a history of preying on those students.