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Letters to Congress

Letters to Congress: Statement to House Financial Services Committee on Facebook Libra Proposal
July 17, 2019 – 9:13 am

The AFR Education Fund sent a statement for the record to the House Financial Services Committee concerning Facebook’s proposal for the Libra digital token and payment system. The statement describes ways in which Facebook is attempting to create an unregulated financial product of potentially global scale and the dangers this would pose to the users of the token and the broader financial system.

Letter to Congress: Letter to House Financial Services Committee on Credit Reporting Package
July 11, 2019 – 1:43 pm

Credit reports and credit scores play a critical role in the economic lives of Americans. They are the gatekeeper for affordable credit, insurance, rental housing, and sometimes unfortunately even a job. Yet they suffer from unacceptable rates of inaccuracy. This package would enact a sea change that would make the American credit reporting system more accurate and fairer to consumers.

Joint Letter: 8 groups support the Stop Bad Robocalls Act
June 25, 2019 – 10:06 am

AFR joined 7 other groups to express support for HR 3755, the Stop Bad Robocalls Act, which provides for enhanced protections against robocalls by: instructing the FCC to issue meaningful and protective regulations interpreting the TCPA …

Letter to Congress: Comment on HFSC Leveraged Lending Hearing
June 4, 2019 – 1:13 pm

Today’s hearing addresses the financial stability and economic risks of the growth of leveraged lending to non-financial businesses. The rapid growth and poor underwriting of high-risk corporate debt is clearly a significant current threat to financial and economic stability.

Joint Letter: Coalition Letter in support of the Green amendment to the Consumers First Act restoring the CFPB arbitration rule
May 22, 2019 – 5:06 pm

As part of the Fair Arbitration Now (FAN) coalition, AFR sent a letter in support of Rep. Green’s amendment to the Consumers First Act, which would restore the Consumer Financial Protection Bureau’s arbitration rule that …

Letter to Congress: Letter from 30 Groups in Support of the Inclusive Prosperity Act of 2019
May 22, 2019 – 4:33 pm

Dear Representative or Senator, We are writing on behalf of 30 undersigned organizations to urge you to co-sponsor the Inclusive Prosperity Act of 2019.

Joint Letter: AFR, 55 other orgs support the PROTECT Students Act
April 4, 2019 – 3:08 pm
Joint Letter: AFR, 55 other orgs support the PROTECT Students Act

Americans for Financial Reform joined 56 other organizations to express strong support for the PROTECT Students Act. This legislation would enact important protections for students and taxpayers
against predatory colleges that cheat students and leave them with large debts they cannot afford.
It also includes a far-reaching set of reforms to hold predatory colleges accountable
to both students and taxpayers.

Joint Letters: Coalition Response to Crapo/Brown RFI on Data Privacy, Protection and Collection
March 16, 2019 – 11:48 am

Coalition response to Senate Banking Committee RFI