Message to Congress: The CFPB Has Our Back!
April 11, 2016 – 4:21 pm | Comments Off on Message to Congress: The CFPB Has Our Back!

What made the latest congressional hearings on the Consumer Financial Protection Bureau different from other hearings? A delegation of consumer advocates from around the country wearing lime-green t-shirts that said “Stand Up for the CFPB” and “The CFPB Has My Back.” They were there to remind lawmakers that the great majority of Americans, across party lines, don’t just like the idea of such an agency; they also support the major steps it has taken to bring a sense of fair play to the financial marketplace.

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AFR Statement: Trump Tweets Tough on Wall Street As Record Shows Opposite
December 8, 2017 – 2:13 pm

The notion that this administration is or will be tough on Wall Street doesn’t pass the laugh test, and that fact is evident in deeds, not tweets. Trump has put Goldman Sachs executives in the most senior positions in the government, and pushed for a giant tax cut for Wall Street.

AFR Statement: Public Interest Groups File Amicus Brief In Support of Leandra English as CFPB Director
December 8, 2017 – 1:33 pm

Americans for Financial Reform joined a group of public interest advocates in support of Leandra English’s lawsuit to be recognized as the sole lawful Acting Director of the Consumer Financial Protection Bureau.

Testimony: AFR Policy Director Marcus Stanley Testifies to HFSC On Deregulatory Bills
December 7, 2017 – 5:58 pm

AFR Policy Director Marcus Stanley testified to the Financial Institutions subcommittee of the House Financial Services Committee on five pieces of proposed legislation.
Written Testimony:
Marcus Stanley Testimony To House Financial Services FI Subcommittee December 7 2017 …

Joint Letter: AFR and 16 Organizations Oppose HR 2570 — A Bill Promoting Predatory Mortgage Lending
December 7, 2017 – 2:42 pm

H.R. 2570 would open the door to predatory mortgage lending by making it easier for lenders to steer homeowners into high-cost, abusive deals on certain mortgages, especially on home equity lines of credit and construction loans

Letter to Congress: AFR Opposes HR 477 — the misleadingly labeled “Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017″
December 7, 2017 – 2:18 pm

Disguised as a regulatory relief for small businesses, this legislation would exempt from registration requirements merger and acquisition brokers of transactions involving quite large privately held companies, while opening a deregulatory window of opportunity for private equity firms to exploit.

Testimony: AFR Policy Director Marcus Stanley Testifies to Maryland Financial Regulatory Commission
December 5, 2017 – 2:10 pm

AFR policy director Marcus Stanley testified to the Maryland Financial Consumer Protection Commission on progress in financial regulation
Testimony Before Maryland Financial Consumer Protection Commission — Marcus Stanley
AGENDA and VIDEO (See December 5th Meeting):
http://dls.maryland.gov/policy-areas/maryland-financial-consumer-protection-commission
 

AFR/TOWS Statement: Senate Republican Tax Bill a Gift to Wall Street
December 5, 2017 – 10:02 am

On Friday, Senate Republicans passed a bill with some $1.5 trillion in tax cuts, overwhelmingly weighted to the wealthiest Americans. The bill lavishes tax cuts on Wall Street banks, on executives who can manipulate their legal status to obtain a lower tax rate, and on operations in foreign tax havens. In contrast, ordinary Americans earning wages and salaries receive very limited benefits, and in many cases will see their taxes increased.

Letter To Congress: Reject S 2155 — A Gift to Bank Lobbyists
December 4, 2017 – 10:23 am

AFR sent a letter urging Senators to reject S 2155, which contains some two dozen deregulatory gifts to bank lobbyists and only minimal consumer benefits
AFR Opposition Letter to S 2155