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Letters and Statements

AFR Comment: AFR Supports CFP Board Update to Ethical Standards
August 25, 2017 – 10:55 am

“By making the fiduciary duty commitment stronger and more specific, these Proposed Revisions to the Standards For Professional Conduct for Certified Financial Planners will enhance CFP client service and assure the public that CFP professionals will reliably act in the best interests of the investor. We strongly support their inclusion in the final revisions to the Standards, and urge the CFP Board to resist any pressures to weaken them.”

AFR Statement: Dismantling the gainful employment rule will unleash a new wave of waste, fraud, and abuse
August 17, 2017 – 2:35 pm

“The Department of Education’s action today to eviscerate the Gainful Employment rule is a yet another example of Secretary Betsy DeVos working for wealthy for-profit college executives instead of students striving for a better life,” said Alexis Goldstein, Senior Policy Analyst at Americans for Financial Reform.

AFR/CRL Polling Memo: Fifth Consecutive Year of Broad Backing of CFPB and Wall Street Reform
July 18, 2017 – 8:36 am

For 5 years, Lake Research Partners and Chesapeake Beach Consulting have polled the public on Wall Street reform. For 5 years running, they have found broad, bipartisan support for the goals of the Dodd-Frank law — and more.

AFR/CRL Poll: Strong Bipartisan Support for Financial Regulation and CFPB
July 18, 2017 – 8:35 am

The 2017 AFR/CRL poll reveals strong, bipartisan support for further regulation of Wall Street, and widespread agreement with the mission of the Consumer Financial Protection Bureau.

AFR Statement: CFPB Right to Act Against Forced Arbitration
July 10, 2017 – 3:55 pm

CFPB issued a final regulation ensuring that consumers can join together to challenge financial fraud and scams in court. The rule limits the use of forced arbitration, a process Wall Street banks and predatory lenders use to evade accountability and keep their misconduct out of the public eye.

AFR Statement: Oppose Giveaways to Wall Street and Predatory Lenders in Appropriations Bill
June 28, 2017 – 10:30 pm

It would gut the Consumer Financial Protection Bureau, enable reckless behavior by big banks, and hand a special favor to payday lenders. Lawmakers should reject this legislation out of hand.

AFR Statement: Oppose OCC Bid to Control Consumer Protection
June 23, 2017 – 3:56 pm

The OCC’s proposals would directly weaken financial regulatory protections and push aside other agencies so the OCC could take critical guardrails off of Wall Street on its own