View or download a PDF of the letter here.

AFR submitted a Statement for the Record to the House Financial Services Committee to oppose both the resolution of disapproval of the CFPB’s overdraft fee rule as well as the legislative proposals that would repeal or weaken the small business and farm lending transparency rules. These proposals will hurt everyday people, including consumers and their families, as well as small business owners and farmers and the communities they serve. Instead of helping strengthen consumer protections and putting money into people’s pockets, these legislative proposals only pad bank profits, push people out of mainstream banking, impose $5 billion in excessive junk fees, and unfairly disadvantage small businesses and farms.