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Letters to Congress

Letter to Congress: Support amendments to strike anti-consumer riders in House appropriations bill
September 7, 2017 – 6:44 pm

Dear Representative,
On behalf of Americans for Financial Reform, we are writing to express our opposition to the the appropriations bill for Financial Services and General Government (FSGG) to be considered by the House as Division …

Letter To Congress: Oppose HR 3312 — A Gift To Some Of The Largest Banks In The Country
September 6, 2017 – 12:02 pm

“On behalf of Americans for Financial Reform, we are writing to express our opposition to H.R.
3312, the “Systemic Risk Designation Improvement Act of 2017.” This legislation is a gift to
some of the largest banks in …

Letter to Congress: AFR opposes nomination of Joseph Otting for Comptroller of the Currency
July 26, 2017 – 6:00 pm

“Mr. Otting previously served as the CEO of OneWest from 2010 to 2015. During that time, the bank had a well-documented record of consumer complaints, a questionable response to regulatory inquiries, and executed tens of thousands of foreclosures. “

Letter to Congress: Randal Quarles should not be confirmed as Federal Reserve Vice-Chair for Supervision
July 25, 2017 – 4:15 pm

“In selecting Mr. Quarles, the Trump Administration has reached back to the economic team of the Bush Treasury, where Mr. Quarles served from 2001 to 2006…. Like the rest of the Bush Administration team, Mr. Quarles showed no evidence of being aware of the historic meltdown of the U.S. and global financial sector that was about to occur, or of the significance of the toxic and fraudulent Wall Street activities that were taking place on his watch.”

Letter to Congress: Oppose Confirmation of Christopher Giancarlo for CFTC Chair
June 28, 2017 – 9:01 am

AFR sent the letter below to the Senate Agriculture Committee urging Senators to oppose the nomination of Christopher Giancarlo for chair of the Commodity Futures Trading Commission.
AFR Opposition Letter To Confirmation of J Christopher Giancarlo

Letter to Congress: AFR opposes Neomi Rao’s confirmation as Administrator of OIRA
June 20, 2017 – 5:58 pm

“Americans for Financial Reform opposes the confirmation of Neomi Rao as Administrator of the Office of Information and Regulatory Affairs (OIRA). Professor Rao’s announced views demonstrate an extreme disregard for the independence of financial regulatory agencies and an unwarranted hostility to critical financial protections.”

Letter to Congress: Oppose H.R. 10 – The Wall Street’s CHOICE Act Would Devastate Financial Regulation
June 7, 2017 – 10:49 am

“H.R. 10, the ‘Financial CHOICE Act’… would be better dubbed ‘Wall Street’s CHOICE Act,’ as it would have a devastating effect on the ability of regulators to protect consumers and investors from Wall Street exploitation and the economy from financial risks created by too-big-to-fail megabanks. It would expose consumers, investors, and the public to greatly heightened risk of abuse in their regular dealings with the financial system, and our economy as a whole to a far greater risk of instability and crisis.”

Letter To Congress: AFR Submits Additional Economic Growth Ideas To Senate Banking Committee
June 2, 2017 – 2:06 am

AFR submitted an additional set of economic growth policy ideas to the Senate Banking Committee, in addition to previous submissions responding to the Committee’s call for ideas. The submitted document is linked below.
AFR Additional Economic …