“Robust whistleblower programs are crucial to overcome the fear and intimidation that stifle whistleblowers from coming forward. I spent seven years on Wall Street, and I can attest to the fact that financial firms are not interested in informing their workers of their whistleblower rights. “
“Racially motivated discretionary auto dealer markups are a growing problem in the industry. As you know, in dealer financing, the dealer works with lenders interested in buying the credit contract. While the lender’s rate is based on the buyer’s credit profile, the dealer is given the authority to increase that rate and keep some or all of the difference as compensation. The additional charge is included in the interest rate, making it invisible to the buyer.”
“We are writing on behalf of Americans for Financial Reform to urge you to stand for consumers, businesses, and the public by fully funding the Commodity Futures Trading Commission. The CFTC’s role in regulating commodity markets is vital to businesses that use commodity markets to hedge risks, vital to the economic well-being of American families who rely on affordable prices for products like gasoline and food, and vital to overall financial stability. “
“We are writing to urge you to tell both your leadership and appropriators that you strongly oppose any rider that will directly or indirectly defund, delay or otherwise interfere with the Department of Labor’s ability to finalize its rule requiring retirement investment advice to be in the best interest of investors…. Every additional day of delay adds to the losses that working families and retirees suffer because of financial advice that is not in their best interests. We urge you to let both your leadership and appropriators know that you stand with your hard-working constituents who are doing their best to save for retirement—and against any rider that would diminish their efforts. “
“On behalf of our millions of supporters across the country, we are writing to urge you to put in place a policy for the remainder of your term that would require new administration officials coming from the financial industry to forego compensation offered by their former employers in exchange for their decisions to enter into public service.”
“On behalf of our millions of supporters across the country, we are writing to urge you to put in place a policy for the remainder of your term that would require new administration officials coming from the financial industry to forego compensation offered by their former employers in exchange for their decisions to enter into public service.”
“We are writing to urge you to oppose H.R. 3192, which insulates lenders from accountability when they make misleading disclosures to homeowners. The bill, which suspends liability to individuals and government for the first four months after the new mortgage disclosure rules take effect, undermines compliance with the new rules by letting lenders off the hook even where homeowners have been harmed. “
“Industry forces made a big effort to win more Democratic votes. But in the end, they fell short: the Financial Services Committee approved HR 1266, but in a largely partisan vote that dimmed its prospects for becoming law. With their hard push, however, the bill’s backers made it very clear just who is pushing for a commission instead of a single director, and why.”
“Over the forty years since the existing DOL rule was written, retirement markets have transformed and workers have become overwhelmingly reliant on self-directed savings. Due to the loopholes in the current rule, brokers providing advice on such self-directed savings can easily evade the fiduciary protections that Congress intended to provide to workers saving for their retirement through employment-based plans.”
“‘Fixing much of this could have been done 10 years ago by higher capital requirements, which we failed to do, but we need to move more in that direction,” [Sherrod] Brown, now the ranking Democrat on the Senate Banking Committee, said at a press conference this month with Americans for Financial Reform.'”