AFR stands with many of our partner organizations in opposition to HR 2374, which would delay needed reforms that would protect middle-class savings and help to restore needed confidence in our financial markets. Here is a compilation of materials on the issue of HR 2374.
AFR joined seven organizations in demanding that Barclay’s to pay the fines imposed by FERC for manipulating low income families into paying higher utility bills in time for the winter heating season.
Late fees down by an average of $6; more people making above-the-minimum payments; far fewer young adults signing up for credit cards in the first place – these are some of the results of a landmark 2009 law, according to a new report issued by the Consumer Financial Protection Bureau.
After the 2008 crisis, it became clear that regulators and many sophisticated market participants had been kept in the dark about major risks and exposures in our financial system. On October 11, 2013, AFR and Georgetown Law Center co-hosted this half-day conference on the progress made – and the work that remains to be done – toward meaningful transparency on Wall Street.
“For too many years, dealers and advisors in the municipal market have felt free to give self-serving advice designed to generate more profits for them at the expense of their clients… Properly implemented, [today’s rule] should curtail the abuse and provide enormous benefits for taxpayers and investors.”
In the end, the Commission stood firm against industry resistance to a common-sense disclosure requirement. The SEC also correctly insisted that part-time and overseas workers be included in the calculation, consistent with the language and intent of the statute.
AFR joined seven organizations in sending a letter to FHFA urging that they protect homeowners, investors, and taxpayers from costly force placed insurance abuses.
“The giant financial institutions at the center of the economy are larger than ever, and still combine economically critical payment functions with complex and murky trading and brokerage activities.”
AFR joined public interest groups in signing onto two letters to Fifth Third Bank and Regions Financial Corporation calling on them to bring themselves in line with guidance from the federal regulators and discontinue their deposit advance products.
While many in Washington would rather stand pat or turn back the clock, Americans are strikingly united in wanting more financial reform, not less, according to a national survey of likely voters conducted this summer.